🤔 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