Cryptocurrency Market Analysis: Caution Advised Amid Geopolitica
The total cryptocurrency market is at a critical juncture, with the support level of $2.17 trillion under threat. Should this support break, we anticipate a potential decline to around $1.8 trillion. Given the current geopolitical situation, the associated risks are heightened, making any long positions particularly precarious. It is advisable for investors to exercise extreme caution under these conditions. The ongoing war has instilled significant instability across global financial markets, which could lead to substantial drops. For this week, we recommend minimizing risk exposure in your trading strategies to safeguard against volatile market movements.
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1.8-1.9 is next support for crypto market
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do not rush in opening long positions , its better to wait in demand zones, from 1.8 we can back again to 2.17T support