Good morning friends,
Markets are bleeding on one hand, the#Iran#war news caused it. But we had a micro rising trend for 3 weeks. The correction came.
#Bitcoin ATH has been forming falling peaks since it broke. The last peak was the 65k level. We broke that level. My hope is to proceed with rising peaks from here.
$BTC 's candle from 20k to 30k is not the same as the candle from 60 to 70, much more money needs to enter the market and a very big fomo is needed for someone to believe that they can make a profit from 60k in a risky product.
We have the US elections ahead of us and I think that is the most important news that can create a big fomo. EFT made us break ATH and experienced an intermediate rally. I am sure that it will create a big money inflow as the bull cycle is completed, but it is no longer a factor on its own.
If we briefly look at the daily analysis:
#BTC 61.8k was a very important support, frankly I did not expect gold. But sharp corrections are good, buyers gather. We have a main basket product like $SUI , it has already returned to its place. We need to increase it above 61.8k and 63.4k, we need some positive global news. As the Middle East intensifies, the pressure on the market increases. In case of war, people should run to bitcoin instead of gold as soon as possible.
We fell below the 2.176 level in total. I think the market recovered nicely and quickly, we are still above 2.1 trillion. What is important is the permanence of the reaction, but as long as the agenda does not calm down, it will remain only as a reaction.