The yellow-haired guy suddenly announced the end of the war, and the coin price rebounded strongly. Be cautious when chasing!

May 2nd Bitcoin Auntie's Strategy

Trump notified Congress on Friday that hostilities against Iran had ended in April, aiming to bypass congressional authorization.
According to the War Powers Resolution of 1973, the U.S. president can deploy military forces overseas for up to 60 days without congressional approval.
Trump's 60-day war authority expired on May 1st.
His letter claimed that the U.S. had ceased combat operations against Iran on April 7th, when a temporary ceasefire agreement was reached between the two countries, and this agreement had been extended.
If hostilities resume, the 60-day countdown will reset and restart—this legal interpretation is likely to be challenged by Senate Democrats.
The coin price also rebounded strongly before and after the announcement of the end of the war.
Yesterday’s upward spike idea was in line with expectations, but the short positions entered at 78,000 are still held, and the Ethereum bought around 2,320 is only a small profit for now!

After the war was announced to be over yesterday, over 600 million dollars flowed into the spot ETF market, and the coin price nearly broke below 79,000 (Ethereum lagged again).
However, it also retraced back to around 78,000.
From a daily chart perspective, the bulls' strength is slightly lacking, possibly because the end of the war was announced but the blockade of the Strait of Hormuz was not lifted.
Over the weekend, without spot ETF capital support, expect a pullback around the high points!

May 2nd Evening Short Strategy

Bitcoin rebounds to the 78,500-79,000 range, enter short positions, with a stop around 79,500, target near 77,500-77,000-76,500, and if broken, look at 76,000-75,500-75,000.
Adjust stop-loss accordingly to protect profits if the level is broken!

Ethereum rebounds to 2,320-2,360, enter short positions, with a stop around 2,400, target near 2,280-2,250-2,230, and adjust stop-loss accordingly to protect profits if broken!

May 2nd Long Strategy

Bitcoin retraces to 74,500-75,000, buy one lot, with a stop around 74,000, target near 76,000-76,500-77,000.
If broken, look at 77,500-78,000-78,500.

Ethereum retraces to 2,200-2,230, buy one lot, with a stop around 2,170, target near 2,270-2,300, and if broken, look at 2,330-2,360.

Spot ETF market has not performed this well in a single day for a long time, mainly because the yellow-haired guy announced the end of the war.
But Iran's stance is clearly tough, openly stating that if the U.S. continues to blockade the Strait of Hormuz, they will retaliate.
So, future developments still depend heavily on whether Iran is just bluffing! #美国寻求战略比特币储备