BTC: The bounce that keeps us on edge đą
Bitcoin, true to its dramatic style, fell to 60K and then bounced back. But, of course, it's not as easy as it seems. Key resistance is at 62.5K, while strong support remains at 60K. Although, if we were to just look at the chart, we might think that everything is still bullish. But here comes the twist: the global context is at play, and we can't ignore it.
What's going on in the world? đ
Well, the current geopolitical situation isn't helping. International conflicts, tensions in Eastern Europe, and discussions about economic sanctions on several countries are creating uncertainty in the markets. Added to this are concerns about inflation and interest rates in major economies, which is making investors nervous. Even big crypto players are nervous. And when there is global instability, money tends to become more cautious, looking for safer (or at least less volatile) havens.
Although the Bitcoin chart seems to indicate that there is still hope for a continued upward trend, the market is unpredictable in these types of contexts. In short, Bitcoin's "bullish" is not as firm as we would like, and that means we need to be more careful when making decisions.
Volatility is lurking, and a bad decision could turn our portfolios into real roller coasters without brakes. đđš So, while everything settles down, manage your risk well and don't jump into the void without a good plan!
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