The US-Iran negotiations have completely broken down, and the coin price has rebounded against the trend. 5.11 Bitcoin and Ethereum thoughts



Iran has rejected the plan proposed by the United States, believing that agreeing to it would mean Iran yielding to excessive demands from U.S. President Trump. Reports say Iran is asking the U.S. to pay war reparations, and has confirmed its sovereignty over the Strait of Hormuz. The Iranian side also stressed that it is necessary to end sanctions against Iran and unfreeze the assets frozen in the country. Earlier that day, Iranian media reported that Iran had officially submitted its response to the latest U.S. proposal aimed at ending the war to Pakistan’s mediators. Trump posted on social media saying he was dissatisfied with Iran’s response, calling it “completely unacceptable.” Although there was a quick dip in the morning, it rebounded fast—this is a counter-trend rebound, so enter a bold short!

5.11 Short Position Strategy

For Bitcoin, continue short at the current price range 81900-82300; add to the position near 83000. The targets are around 80500-80000-79500-79000. If it breaks down, watch around 78500-78000-77500-77000, and continue adjusting the moving stop-loss; take profit according to the situation!

For Ethereum, continue short at the current price range 2370-2400; the target is around 2310-2280-2250. If it breaks down, watch around 2230-2200. Continue adjusting the moving stop-loss; take profit according to the situation!

5.11 Long Position Strategy

For Bitcoin, buy one lot on a pullback to 76500-77000, with defense around 76000. Targets are around 78000-78500-79000. If it breaks, watch around 79500-80000-80500-81000.

For Ethereum, buy one lot on a pullback to 2200-2230, with defense around 2160. Targets are around 2270-2300. If it breaks, watch around 2330-2360.

Be cautious about chasing gains during counter-trend rebounds. Since the U.S. and China are about to hold talks, it may affect the market. But in a situation like US-Iran, it could worsen tensions in the Middle East—so just take a bold short! #Gate广场五月交易分享
BTC0.38%
ETH1.05%
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