BTC 74-77k This frustrating range, the worst thing is to panic and sell when emotions run high; doing swing trading within the range is the proper approach.

BTC2.28%
View Original
ShrimpTeacher
Good morning everyone, today’s focus is on the US-Iran news.

At that time, the market was more concerned about whether the US and Iran would resume peace talks after the expiration of the ceasefire tomorrow, and whether they would continue to be at war became a topic of market attention. Currently, US negotiators have already arrived in Pakistan, while Iran still maintains a refusal attitude toward the second round of US-Iran talks. Therefore, whether the negotiations can proceed smoothly is one of the market concerns. Additionally, the current overall market trend continues to be volatile and sideways, which indicates that the market is still waiting and watching. Therefore, in trading, short-term swing trading is recommended.

The liquidation map shows that BTC, ETH, and SOL are all dominated by bulls. ETH and SOL are relatively concentrated overall, while yesterday’s net fund outflow from crypto ETFs was about $22 million, indicating that short-term institutional trading is cautious and waiting for further US-Iran news. Therefore, in the case of unclear news, it is advisable for individuals to adopt a cautious approach. Although the market rebounded yesterday, if the ceasefire agreement expires tomorrow and conflicts resume, it will still trigger turbulence in the global financial markets, and the market will be affected and continue to decline.

Today, the overall short-term market will fluctuate between 74,000 and 77,000; ETH’s short-term fluctuation range is 2,260-2,360; SOL’s short-term fluctuation range is 83-87.

Short-term contract strategies:
BTC: Buy on dips around 74,500, take profit at 76,000

ETH: Buy on dips around 2,280, take profit at 2,330

SOL: Buy on dips around 84.5, take profit at 86.5

Warm tips:
1. Stop-loss suggestions should be set according to individual actual liquidation prices and the amount of loss one can bear.
2. Do not be greedy; take profits and secure gains. It’s better to take small losses than to hold onto losing positions. If the direction is correct, continue to hold.
$SOL $ETH $BTC
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin