Wake up to the sky falling—has Iran and the US stopped negotiating again? Is Bitcoin about to crash? Hurry and take a look.

1. No one expected Iran to be so aggressive. In the negotiations, it said it would not give up enriched uranium. It seems it still wants to build an atomic bomb. After the US and Iran parted ways on bad terms, will that conflict continue to escalate?
2. There is this possibility, but to be honest, Iran’s sanctions issue will gradually be ignored by the market. Just like the Russia-Ukraine war back then: when the US sanctioned Russia’s oil, the oil price surged to 140 in the short term. But after that, what happened? Other global oil-producing countries increased production capacity to make up for the gap, and oil prices kept falling until they eventually returned to the normal value of 60.
3. So, as a global market, adaptability is very high. A 15% reduction in oil supply will gradually be replaced by increased output from other producers, and then users will also use less because of high oil prices. In the end, the market will reach a new supply-and-demand balance, but this takes time.
4. Now, coming back to current operations: yesterday Shuqin told everyone to wait for a relatively deeper pullback near the 715k support to go long, and don’t chase the price up. And now the price has indeed stopped here.
However, because there is a lot of uncertainty in the fundamentals, we need to operate more conservatively. I think we can flatten most of the positions at the entry price—there won’t be much loss. Then keep only a small portion to bet on a rebound. After that, I will start rebuilding long positions above the more stable support level at 70k to catch the rebound. If the market changes, then we need to make corresponding adjustments.
5. Besides, Shuqin has been saying that Bitcoin will enter a high-pressure zone around 74,000, which is very dangerous. So everyone can check the orders in my chart. Personally, I placed 100k U short orders under the resistance levels near 7.4, 7.6, and 7.8万. The first batch of BTC and ETH shorts has already been filled, and the results are pretty good. Trading every day~