🤔 Market thoughts
The market has already priced in the negative impact of the Iran conflict, while recent macroeconomic data showing rising inflation has added a positive tone
🗣 There’s no need to stay locked on the Iran news. The market adapts to conditions, and reactions to these headlines usually get weaker over time
From a technical perspective, liquidity below has been taken, and price has moved into a demand zone 📈 From here, I’m expecting a potential local reversal and a move back toward the $70,000 area. Still, it’s better to watch price action closely and not rush conclusions
⏺Also, today we have the weekly close, and the markets are heading into the weekend. Volatility usually cools down a bit during this period, but we’ll keep monitoring the situation closely
The market has already priced in the negative impact of the Iran conflict, while recent macroeconomic data showing rising inflation has added a positive tone
🗣 There’s no need to stay locked on the Iran news. The market adapts to conditions, and reactions to these headlines usually get weaker over time
From a technical perspective, liquidity below has been taken, and price has moved into a demand zone 📈 From here, I’m expecting a potential local reversal and a move back toward the $70,000 area. Still, it’s better to watch price action closely and not rush conclusions
⏺Also, today we have the weekly close, and the markets are heading into the weekend. Volatility usually cools down a bit during this period, but we’ll keep monitoring the situation closely