Iran and the U.S. refuse to back down to each other, making it hard for the crypto bulls to continue! Thoughts on the May 3 evening Bitcoin analysis

Chuanzi on Friday criticized Tehran’s leadership for being divided and said it hindered reaching an agreement to end the nine-week conflict that has triggered a global energy crisis. He said he “cannot accept the requests Iran has made.” He also said in an interview that there is a possibility that the U.S. could restart airstrikes on Iran.

Over the weekend, prices fluctuated slightly. If you’re looking for a shorting idea, you can only catch small, short-term moves, and the entry positions are relatively favorable. Recently, there have been many “meme” coins that pump and dump violently—if you like to play with altcoins, don’t hold positions stubbornly; set proper stop-losses to control risk! Always remember: how much you make depends on the market, but how much you lose is up to you. Going heavy and holding through losses has no good outcome!

May 3 evening thoughts

For Bitcoin, short at the current price range 78,700-79,100. Defense is around 80,000. Targets: 78,000-77,500-77,000. If it breaks through, look at 76,000-75,000. If it breaks further, move the stop-loss and protect profits—take profit based on the situation!

For Ethereum, short after a rebound at 2,330-2,360. Defense is around 2,400. Targets: 2,280-2,250-2,230-2,200. If it breaks through, look at 2,170-2,150. If it breaks further, move the stop-loss and protect profits—take profit based on the situation!

At the moment, bulls and bears are locked in a standoff, but there is a very large empty space above Bitcoin. Conan believes that without a major good catalyst, the bulls on “Bitcoin and Ethereum” will be hard to sustain. It’s a simple logic: if you don’t shake out positions repeatedly and you just rally directly, many positions will turn from losing trades into winning ones. Do you think this possibility is big? #美国寻求战略比特币储备