#cop Y THE BOUNCE OF THE DOLLAR
Early on, I spoke to you about this and it happened, the dollar is against the average and above 3700, which means a good recovery after falling to an important minimum, however, against the Colombian peso or Cop, there are different political and economic news that have been overshadowing the smooth development of the economy, the fact that Ecuador is in an economic war and that Colombia responds to this has generated an atmosphere of uncertainty that squeezes the national economy and allows the dollar to regain positions. However, it must remain in the range of 3700 to 3800 to generate a possible reversal or change of trend, also because elections for Congress and the presidency are approaching in Colombia, therefore large capitals take measures against any eventuality, moving out of their cops and switching to dollars. Therefore, thinking about a broader bounce is not crazy, and on the contrary, the current levels are favorable in light of a potential context of a recovered dollar. For now, it is necessary to continue observing performance and take into account both the fundamentals and the technicals for a better analysis.
On the other hand, today we saw BTC retreat to a threatening minimum, however, the market has its cycles, so it is necessary to seek a strategy to protect capital and take advantage of this situation.
$BTC