My humble opinion on the matter 👇
A lot of traders link any geopolitical escalation to an inevitable crash of Bitcoin and the crypto market, but the reality is often more complex than that.
Yes, we are still in a generally negative environment, and as long as geopolitical tensions persist with ongoing talks, it's natural to see sharp volatility in both directions. The market might seem bullish in peace and then suddenly crash to shake out liquidity, or vice versa.
What caught my attention recently is that the bottom formed by Bitcoin came at a time when fear was dominating everyone and was unexpected for many. The liquidity of the previous bottom was successfully taken, and this is usually a signal worth following.
If Bitcoin manages to close a weekly candlestick above the 60k level, it would be a positive development, but I still prefer to wait an extra week for the market to fully absorb the recent developments before building more confident expectations. If it shows signs of stability and accumulation in this area, that would be even better.
On the long term, I see that the rapid drop driven by fear is often more of an accumulation opportunity than a reason for panic, and the quicker it is, the better, which is what the big players exploit.
In the end, markets reward those who keep their cool when others lose their heads.
$BTC 👀 👇
A lot of traders link any geopolitical escalation to an inevitable crash of Bitcoin and the crypto market, but the reality is often more complex than that.
Yes, we are still in a generally negative environment, and as long as geopolitical tensions persist with ongoing talks, it's natural to see sharp volatility in both directions. The market might seem bullish in peace and then suddenly crash to shake out liquidity, or vice versa.
What caught my attention recently is that the bottom formed by Bitcoin came at a time when fear was dominating everyone and was unexpected for many. The liquidity of the previous bottom was successfully taken, and this is usually a signal worth following.
If Bitcoin manages to close a weekly candlestick above the 60k level, it would be a positive development, but I still prefer to wait an extra week for the market to fully absorb the recent developments before building more confident expectations. If it shows signs of stability and accumulation in this area, that would be even better.
On the long term, I see that the rapid drop driven by fear is often more of an accumulation opportunity than a reason for panic, and the quicker it is, the better, which is what the big players exploit.
In the end, markets reward those who keep their cool when others lose their heads.
$BTC 👀 👇