Crypto Crash due to Geopolitical impacts || Steem Alliance Community

Hello Everyone,

Good afternoon everyone.
how are you guys. I hope you all guys will be well and good. By the grace of God, I am also good. Today I am here with new post in which I am going to talk on market sentiments and Iran Israel war.

Over the last two day, the cryptocurrency market has been chaotic. Bitcoin dropped at the stage of $60,000, and alt coins also fell with heavy percentage from 30% to 50%. This sudden drop happened because of a drone attack by Iran on Israel which made people worried about what might happen next.

In the middle of all this mess, there is an interesting thing that Iran gave a heads up to its friends before the attack, suggesting they planned it ahead of time. Whales are waiting for a time when fewer people were trading like the weekend to make the market crash on different purpose. Then they took advantage of the low prices and bought a lot of cryptocurrency at a discount.

The main lesson from this wild ride is to be careful with our trading strategies. It is better to avoid risky moves like leverage trade and stick to spot trading. This way we can still make money without taking on too much risk.

Keeping the investments spread out and being careful when things are uncertain can help protect our money from big ups and downs in the cryptocurrency market.

Looking forward, the cryptocurrency market seems to be holding up okay. Right now, Bitcoin price is over 64000 and it seems like there is strong support to keep up from the 60000 level. If it will break the support then the next support level will 57000 to 59000.

It is important to keep in mind that the cryptocurrency market has a history of bounce back strongly after unexpected drops. We might even see big jumps in prices after the recent problems settle down. By being careful with our trading and staying alert during uncertain times. we can deal every type of situation.

Monday is the market opening day. My bitcoin expectation level is 68000. If it will break the resistance level of 65000 then i am expecting to hit the 68000 level but if it break the support level of 65000 then i am seeing to go below the 60000

It would be my pleasure if you will share review on my post.

Please cast witness vote to @bangla.Witness or set proxy to @rme.

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