Let's go! Tonight is a life-or-death showdown. Trump's final ultimatum: Iran has only 12 hours left! Is Bitcoin's fate uncertain? Let's take a look.
1. As shown in the chart, the ultimatum deadline is Wednesday morning 8 AM China time. If Iran still doesn't open the strait by then, Trump will bomb power plants, bridges, and other infrastructure, escalating the conflict further! Will he actually bomb?
2. Based on Trump's track record, 80% of his threats never materialize, commonly called "Taco." I checked Wall Street's sentiment, and most people believe Trump will soft Taco—meaning he'll continue making tough statements but actually extend the deadline another week or so. The market would interpret this as positive and might bounce. However, uncertainty remains quite significant.
3. Personally, I don't think we need to bet on whether he will or won't Taco. We can observe for another day and wait for the uncertainty to disappear before operating normally. If we ignore the news and just look at the K-line chart, BTC's current strong resistance is around 7.15-7.2 million, and support is around 6.7-6.75 million. When reaching these levels, we can consider going long or short on one hand to catch the retracement.
4. Honestly, the current market is really moving chaotically. Trump draws lines casually, and he controls the ups and downs. In this situation, it's genuinely hard to make money. It's really tough on everyone. Our operations recently should be more conservative—only trade at major support and resistance levels. It's best to wait until after the ultimatum passes. Additionally, crude oil CLUSDT is approaching the previous high near 119, which has considerable resistance. We can try laying out positions with low leverage.
5. I told everyone yesterday not to rush into long positions because there's a high chance of being stuck at the peak. And sure enough, it fell again today. We went short at 6.92 and fortunately closed profitably at the end. Even if you set a stop loss at 70,000, it's just a small loss because there's genuine resistance in this area, so losses wouldn't be much. $BTC #Gate广场四月发帖挑战
Let's go! Tonight is a life-or-death showdown. Trump's final ultimatum: Iran has only 12 hours left! Is Bitcoin's fate uncertain? Let's take a look.
1. As shown in the chart, the ultimatum deadline is Wednesday morning 8 AM China time. If Iran still doesn't open the strait by then, Trump will bomb power plants, bridges, and other infrastructure, escalating the conflict further! Will he actually bomb?
2. Based on Trump's track record, 80% of his threats never materialize, commonly called "Taco." I checked Wall Street's sentiment, and most people believe Trump will soft Taco—meaning he'll continue making tough statements but actually extend the deadline another week or so. The market would interpret this as positive and might bounce. However, uncertainty remains quite significant.
3. Personally, I don't think we need to bet on whether he will or won't Taco. We can observe for another day and wait for the uncertainty to disappear before operating normally. If we ignore the news and just look at the K-line chart, BTC's current strong resistance is around 7.15-7.2 million, and support is around 6.7-6.75 million. When reaching these levels, we can consider going long or short on one hand to catch the retracement.
4. Honestly, the current market is really moving chaotically. Trump draws lines casually, and he controls the ups and downs. In this situation, it's genuinely hard to make money. It's really tough on everyone. Our operations recently should be more conservative—only trade at major support and resistance levels. It's best to wait until after the ultimatum passes. Additionally, crude oil CLUSDT is approaching the previous high near 119, which has considerable resistance. We can try laying out positions with low leverage.
5. I told everyone yesterday not to rush into long positions because there's a high chance of being stuck at the peak. And sure enough, it fell again today. We went short at 6.92 and fortunately closed profitably at the end. Even if you set a stop loss at 70,000, it's just a small loss because there's genuine resistance in this area, so losses wouldn't be much. $BTC #Gate广场四月发帖挑战