Damn it, the duck’s beak is hard, but in the end, it still admits defeat! 5.6 Bitcoin Auntie’s Mindset

On Monday, the situation escalated again. With U.S. assistance, at least two cargo ships crossed the strait and repelled attacks, while two U.S. warships entered the Persian Gulf to carry out missions. Rubio described the efforts to escort the stranded oil tanker through the strait as defensive in nature. He also said that they would not fire unless they were attacked first. But on Tuesday, the yellow-haired guy suddenly announced a pause of the “Freedom of Navigation” plan. He also once again claimed that Iran-directed offensive military actions had ended. Obviously, they’re scared and don’t want to fight. Offensive military actions that provide no payoff have already turned out to be not worth the loss. The U.S. clearly plans to cut its losses in time! The short position on the Bitcoin that was given yesterday was regrettably stopped out, but Ethereum is still being held!

Technical view: Bitcoin Auntie’s daily chart closed higher again this morning, printing a hanging man candlestick that broke below the Bollinger upper band. The KDJ golden cross points upward, but the J line is clearly slowing down. MACD has also shifted from a death cross to a golden cross. Volume has increased slightly. So within the day, a pullback/retracement is expected; I’ll first take a short position on the retracement!

5.6 Short Position Ideas

Bitcoin: On a rebound at 81000-81500, enter a short. Defend around 82000. Target around 8万79500-79000. If broken, look at 78500-78000. If it continues to break, trail the stop-loss to protect profits—take profit depending on the situation!

Ethereum: On a rebound at 2370-2400, enter a short. Defend around 2440. Target around 2300-2270. If broken, look at 2250-2220. If it continues to break, trail the stop-loss to protect profits—take profit depending on the situation!

5.6 Long Position Ideas

Bitcoin: On a retracement at 77500-78000, go long for one position. Defend around 765000. Target around 79000-79500-8万. If broken, look at 80500-81000-81500.

Ethereum: On a retracement at 2200-2230, go long for one position. Defend around 2160. Target around 2270-2300. If broken, look at 2330-2360-2390.

Although it went up and swept my Bitcoin short, I still insist on a bearish retracement setup. Right now, the technicals show a break in the daily and the hourly Bollinger upper band; the coin price urgently needs to pull back to repair indicators. And the market doesn’t have many positive news either. Bullish momentum is also clearly slowing down. Everyone, be cautious about chasing the rally! #美国寻求战略比特币储备