U.S. “Freedom of Navigation” plan failed, and now they’re back to spreading false propaganda about the easing of U.S.-Iran tensions! 5.7 Big Cookie Auntie’s thoughts

The U.S. continues to release signals about ending the Iran conflict. On the 6th, the U.S. president repeatedly stated that he is optimistic about a U.S.-Iran agreement, and said that a possible agreement could include Iran transporting its highly enriched uranium to the U.S. In response, the Iranian side said that, in order to cover up the failure of the “Freedom Plan,” U.S. media have been publishing speculative reports and false news for the past few hours, “trying to distort the facts.” Iran’s foreign ministry spokesperson Baghai emphasized that regarding the U.S.’s views on Iran’s 14-point proposal, Iran has not yet replied to the Iranian side’s comments to the intermediary party Pakistan. It’s just wishful thinking on the U.S.’s part. Back to putting on a one-person show again! Last night, spot orders brought in a nice haul—follow along and eat the dip and grab the little meat!

From a technical perspective, on the daily chart, Big Cookie Auntie printed a candlestick with a very long upper wick and a comparatively shorter body. The Bollinger Bands are tightening severely, and the momentum from the bulls is clearly insufficient. The KDJ indicator in the attached chart is also turning downward from a high level. The MACD’s two lines cross upward (golden cross), but trading volume is weak. Combined with the fact that the U.S.-Iran situation has not fully ended and remains tense, we firmly go short.

5.7 Short-entry ideas

Big Cookie: If it rebounds, enter a short at 81500-82000. Add to the position at 82500-82800. Defend around 83500. Targets to watch are 80500-80000-79500. If it breaks through, look around 79000-78500-78000. If it continues to break through, move the stop loss to lock in profit depending on the situation!

Ether: Continue shorting on a rebound at 2360-2390. Add to the position at 2420-2430. Defend around 2470. Targets to watch are 2300-2270. If it breaks through, look around 2250-2220. If it continues to break through, move the stop loss to lock in profit depending on the situation!

5.7 Long-entry ideas

Big Cookie: On a pullback, go long one position at 77500-78000. Defend around 765000. Targets to watch are 79000-79500-80000. If it breaks through, look around 80500-81000-81500.

Ether: On a pullback, go long one position at 2200-2230. Defend around 2160. Targets to watch are 2270-2300. If it breaks through, look around 2330-2360-2390.

Firmly bearish, but Big Cookie makes new highs every day. This move in Ether is completely lagging behind. Big Cookie’s short has already been stopped out for three straight days. Ether has been profitable every day. See how far this pullback can go—wait patiently for the waterfall! #BTC回调