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Thursday, under the influence of unstable factors, a crash is not far away!
War is brutal and directly affects every aspect of life. Recently, news about Iran and the US has continued to impact global capital markets, energy, stocks, forex, cryptocurrencies, foundations, insurance, and more. Yesterday, they expanded the scope of the conflict beyond the Strait of Hormuz, bombing two Iraqi oil tankers. This completely cut off Iraq's oil exports! It’s a clear stance—I'm with you to the end. So far, the US has not dispatched a guard unit nor responded; it’s likely that Iran, once underestimated, has bitten back hard.
Now, trying to get rid of this problem or resolve it quickly is no longer realistic. I believe Iran is also preparing for a prolonged conflict. The US can’t afford to drag it out, given its international influence. As a global superpower, being led around by small Middle Eastern countries makes allies and other nations think differently.
Looking at the market, it will still fall. Setting aside the news, the technical momentum doesn’t support a big rally. In March, Bitcoin moved from 60,000 to 74,000, a 14,000-point increase. That’s enough; don’t expect too much of a rebound now. The technical structure is clearly adjusting. No matter how it moves in the near term, shorting at the highs and buying dips on rebounds are viable strategies. Whether you’re caught or entered poorly, you can exit. Do you think shorting is reasonable?
Today, the market is still short. The morning session was noticeably weaker. The high point at 71,400 in the early hours is a key resistance level, with support at 66,800. In the afternoon, a slight rebound to 70,000–70,600 could be a good entry point for shorts. Watch for a pullback; if the decline is strong, I estimate it could fall quite deep, possibly to 63,800!
Ethereum, yesterday’s multiple short-term signals achieved good gains, but currently, Ethereum hasn’t experienced a significant drop; the price hasn’t followed the downward trend. Moving forward, it will follow the overall trend, but don’t expect too much movement in either direction.
That’s all for today. There are three spots left—hurry up! Wishing everyone success and happy trading!