Up: Iran launched about 250 missiles at Israel, about half an hour ago. I recommend that you immediately withdraw from the deal. And wait for a clearer situation
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Trade recommendation:
- Trade type: Long (buy), since despite short-term declines, the overall trend remains upward.
- Leverage: 15x, allowing for possible short-term fluctuations and signs of growth.
- Entry point: $62,600–$62,800 to buy close to the current support level.
- Stop Loss: $61,500 - below support level with some room to prevent accidental triggering.
- Take profit: $64,500 - resistance level for profit fixing.
👇ENTER THE DEAL
Cryptocurrency analysis based on the provided data
1. News:
- Most Bitcoin news points to instability, with BTC falling below $65K despite three weeks of gains. Some sources predict a positive end to the year with potential for significant gains.
- Breaking news: EigenLayer listing on Binance, sharp decline in crypto stocks after growth, which may affect short-term market fluctuations.
2. Indicators (RSI, MACD, SMA, EMA):
- RSI: Around 59.79 on the daily timeframe - indicates neutral conditions with potential for growth.
- MACD: On the daily chart (EMA12 above EMA26) it shows a positive trend, but with signs of weakening in recent days.
- SMA/EMA: Moving averages (e.g. 50, 100) confirm growth on longer timeframes, which supports the bullish scenario.
3. Fear and Greed Index:
- Index at 50 - the market is in a neutral state, there is no obvious fear or greed, which indicates stability.
4. Prices:
- Support levels: 62506.49, resistance: 64112.99.
- The price has been fluctuating in the range of $62,000–$64,000 in recent days.
Probability of success:
- Estimated at 70%, given the combination of fundamental news, technical indicators and neutral market sentiment.
Comment:
The support at $62,500 shows strong buying interest, which is supported by stable indicators such as RSI and MACD. The news of the Binance listing and potential bullish sentiment for the end of the year also support the uptrend. Indicators show that the market may rise in the coming days, which justifies a long position.
