Analytics: market outlook and forecasts* 💎 📈 WHAT HAPPENED? The escalation of the conflict in the Middle East became a key event last week. This is currently the most sensitive topic for financial markets. The situation had a direct impact on oil: the price at the opening increased by about 12% compared to the previous market closing. Volatility in the gold and silver markets has also increased significantly. At the same time, Bitcoin remains in a state of uncertainty. Cryptocurrency is not a direct protective asset like gold. Therefore, a decrease in risk appetite and a general deterioration in market sentiment put corresponding pressure on it. 💼 WHAT WILL HAPPEN: OR NOT? Right now, on the chart, we’re within the global sideways trend, and according to the volume profile, we’re right at the lower boundary. We’re considering several scenarios for the development of events: • further rotation within the volume zone with possible liquidity seizures and false breakouts (the price will mainly remain in the range of $65 400-$70 200); • exit in a downward direction with further aggravation of the geopolitical situation (the price will go down); • in case of de-escalation of the conflict, the markets will gradually recover (the price will go up).