#bitcoin☀️ - What's Next?
The Big Sunday Report: All You Need to Know
🚩 Technical, Logical, and Psychological Analysis: Market movements should always be anticipated, especially in a prolonged sideways trend since the beginning of the year. Bitcoin's range is clear: it moves between 72k and 56-57k, marking the top and bottom of the box. Despite criticism of this broad range, it accurately aligns with key Fibonacci resistance levels, moving averages, and liquidity zones.
The market is under heavy selling pressure due to fears of a new Middle East conflict. While weak hands panic sell, observe who is moving significant amounts of BTC. Long-term holders and whales, who understand BTC's patterns, are aware of the profitability of buying at the bottom of the box.
The "bottom of the box" indicator consistently shows the local bottom, with wicks below quickly bought off. Market makers love to capture liquidity, so be cautious of scam wicks and monitor buy zones at the bottom of the box.
The market is focused on the potential for a new war, with key questions about Iran's potential retaliation, its magnitude, and Israel's response. Recent market behavior has priced in a typical Iranian response. However, strong warnings from Iran to the US are causing fears of a more significant retaliation. Current sell pressure is due to this event, as global attention is on the Middle East.
An Israeli strike on Iran is partially factored in, but a larger conflict would escalate market fears. It’s crucial to place your bets now. For those who don’t expect a full-scale war, the best strategy is to buy stocks and crypto during extreme fear and uncertainty. This cycle of trading and investing will reveal the winners in the coming weeks.
