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Bitcoin Faces Resistance After Surge Amid Middle East Conflict
The Bitcoin movements amid the Iran-Israel conflict are quite interesting. Honestly, I didn't think it could keep climbing up to 106k, but it's a pity that it won't stay there for long. It's not even related to tomorrow's Federal Reserve meeting, as they are unlikely to cut rates, which most people understand. The fact remains that Bitcoin has left significant liquidity at 93k and 83k levels. Therefore, I'm preparing for short positions, but I wouldn't take long positions right now, as market sentiment can change very quickly. Scalping seems to be the most optimal and less risky trading method at the moment, although I haven't practiced it in a while. I recently took an intensive course on scalping basics for all levels, and I can share it if needed. Let's prepare for shorts and wish everyone profits 🤝.
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AI Analysis
The recent surge in Bitcoin's price to around 106,000 reflects heightened market interest likely driven by geopolitical tensions between Iran and Israel. Such conflicts tend to introduce uncertainty i...
AI Recommendation
Given the current market environment—with Bitcoin recovering to high levels but with significant liquidity at lower support points and a quick-changing sentiment—the most prudent approach appears to b...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.