Iran refuses to resume talks and directly engages, short positions eat big profits! April 20 Bitcoin Mistress Trading Strategy

The unreliable side just optimistically claimed "the US and Iran are about to resume talks," then immediately both sides started fighting fiercely at sea. According to various sources: the US military seized an Iranian cargo ship in the Gulf of Oman and blew holes in the cargo hold; Iran's armed forces launched multiple drones, directly attacking several US warships in retaliation. Iran refuses a second round of talks. On Monday, WTI crude oil gapped higher by 5%. Cryptocurrency prices declined steadily over the weekend, with a bearish outlook as expected—follow the trend and eat big profits!

The weekly chart shows three consecutive bullish candles, but the past two weeks' candles both have long upper wicks, with prices probing the 20-day moving average and then falling back. Daily indicators are also clearly bearish. Recently, the market has been driven by US-Iran tensions, so continue to look for a bearish trend!

April 20 Short Position Strategy

Bitcoin rebound to 74,500-75,000 short, conservative 75,700-76,200 short, stop around 77,000, target at 74,000-73,500-73,000, if broken, look at 72,500-72,000-71,500-71,000, continue to move stop-loss based on situation for profit!

Ethereum rebound to 2,300-2,330 short, conservative 2,350-2,380 entry, stop around 2,420, target at 2,270-2,250-2,230, if broken, look at 2,200-2,170-2,150-2,130-2,100, continue to move stop-loss based on situation for profit!

April 20 Long Position Strategy

Bitcoin retrace to 70,500-71,000, buy one lot, stop around 70k, target at 72,000-72,500-73,000, if broken, look at 73,500-74,000.

Ethereum retrace to 2,100-2,130, buy one lot, stop around 2,060, target at 2,170-2,200, if broken, look at 2,250-2,270.

I thought there might be a resumption of talks over the weekend, but who knew, the unreliable side still unilaterally announced resumption, and Iran still has a temper. Their patience has been worn down by the frequent unreliable actions, and they’ve started fighting directly. Now it seems there’s no possibility of resuming talks. As previously mentioned, just a compensation issue that’s almost impossible to resolve. Unless the US directly destroys Iran or admits defeat (which is highly unlikely, since it’s not a democratic country). So, everyone knows what to do now! #山寨币强势反弹