These are extremely volatile days for the cryptocurrency market for a variety of reasons, which I will outline so that you may make informed decisions about your next steps.
The greatest issue we are facing right now is the Iran-Israel tension, which is once again on the verge of war. According to Mossad, Iran is ready to launch an attack on Israel within 24 hours.
On the other hand, Israel is prepared for every type of attack or defense, and the United States has vowed to defend Israel in any form.
This affects not only the global economy, but all financial markets. This battle will almost certainly have an influence on financial markets, especially the cryptocurrency market.
There are additional CPI data release events scheduled for today and tomorrow, as well as FED interest.
This will cause more volatility in the market. The good news is that the US economy is attempting to push interest rates down, which is undoubtedly good news for the market.
That is why the market will be more volatile this week, and you should avoid any further trades. If you become stuck, you risk losing all of your money.
All investors who are already holding must wait and continue to hold their currencies. No fresh entries are recommended, and no future trades are suggested.
Rather, remain calm and monitor the market for resolution to all of these news stories. Never get caught in this very unpredictable market with a lot of capital.
If you wish to trade, utilize a small quantity so that you can tolerate your losses.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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