💻 MARKET UPDATE
BTC flushed the longs and $875.84M liquidations in 24 hours. (-8.2%)
GOLD also drop 960 pips in last 4 hours which is huge.
1. 65000 area was test in previous dump and market take it as support now.
2. Also market tested H4 200MA and getting rejected.
3. More liquidations are upside between 69600-71700
We have mainly 3 technical reasons to go upside direction. (but)
📰 MACRO NEWS/EVENTS
Today
Israel is bracing for a potential direct attack from Iran in days.
Iran warns US to stay out of fight with Israel or face attack on troops
Biden: We are devoted to defence of Israel, Iran will not succeed.
Iran: If US 'Interferes' In Retaliation On Israel, American Bases Will Be Struck
Upcomming Events
1. BTC halving
2. HONKONG BTC & ETH ETFs approvals decisions.
⚠️WHAT TO DO:
IF YOU ARE SPOT TRADER/INVESTOR
Don't get panic at the moment, you are not only the one down at the moment, more than $875 Millions liquidations in 24 hours.
You all are in spot and it can be recovered easily.
We will not overtrade here and in trading we try to make money but capital preservation is important. Don't do revenge trading.
If you don't have funds for DCA or next call then just wait.
IF YOU ARE FUTURES TRADER
Avoid Futures Trading during event,, our setups are for SPOT Trading until you see (5x) with the trade idea
Stay Tuned,,
