The US has taken action to unblock the Strait of Hormuz, beware of Iran's urgent escalation! 5.4 Bitcoin Auntie's Evening Thoughts

Iranian state media claims that the Iranian Revolutionary Guard hit a US warship with two missiles. The US countered, claiming no US Navy vessels were attacked. Moreover, the US is supporting the "Freedom Plan" and implementing a maritime blockade of Iranian ports. Monday still hasn't broken the upward trend curse; it has been rising on Mondays for several consecutive weeks. Although Iran remains tough, no real measures have been taken; empty threats haven't caused the coin price to retreat! After yesterday's short positions were closed, this morning's break-even losses were wiped out, and the daytime short positions were entered at the highest point. Currently, Bitcoin is up by thousands of points, and Ethereum has gained dozens of points!

Looking at the technical chart, Bitcoin Auntie’s price did not retreat after forming a doji this morning but surged higher and then slightly retraced. Given the US's forced intervention in the Strait of Hormuz, Iran is likely to take action later. So everyone, be cautious about chasing the rally! In recent weeks, Mondays saw gains during the day and declines at night, so the rebound can continue to be tested to see if this curse persists!

5.4 Evening Short Position Strategy

Short Bitcoin on rebound between 79,000-79,500, conservative entry at 80k-80,500, with a stop around 81,000. Targets are around 78,000-77,500-77,000. If broken, move stop-loss to around 76,500-76,000-75,500-75,000, adjusting based on market situation!

Short Ethereum on rebound between 2,340-2,370, conservative entry at 2,400-2,430, with a stop around 2,470. Targets are around 2,280-2,250-2,230. If broken, move stop-loss to around 2,200-2,170-2,150, adjusting based on market situation!

5.4 Evening Long Position Strategy

Bitcoin retraces to 74,500-75,000, go long with one contract, with a stop around 74,000. Targets are around 76,000-76,500-77,000. If broken, targets are around 77,500-78,000-78,500.

Ethereum retraces to 2,150-2,170, go long with one contract, with a stop around 2,130. Targets are around 2,250-2,270-2,300. If broken, targets are around 2,330-2,360.

The technical chart clearly shows a Evening Star pattern, and there are no particularly positive news on the fundamental side. Although the US announced the end of the war, it still strongly intervenes in the Strait of Hormuz. Tensions around the Strait of Hormuz continue, and Conan believes Iran won't just give up easily. Stay tuned! #美国寻求战略比特币储备