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#Gate广场五月交易分享 The US-Iran negotiations have completely broken down, and the coin price is rebounding against the trend. Bold short positions on May 11th Bitcoin Auntie's strategy
Iran has rejected the proposal put forward by the United States, believing that agreeing to the plan would mean Iran submitting to President Trump's excessive demands. Reports say Iran demands the US pay war reparations and confirms Iran's sovereignty over the Strait of Hormuz. Iran also emphasizes the need to end sanctions against Iran and to unfreeze the country's frozen assets. Earlier that day, Iranian media reported that Iran had officially submitted its response to Pakistan's mediation team regarding the latest US plan to end the war. Trump posted on social media that he was dissatisfied with Iran's response, calling it "completely unacceptable." Although there was a quick rebound after an early dip, it was a counter-trend rebound, so go ahead and short boldly!
May 11th Short Strategy
Bitcoin at current price 81,900-82,300 continue short, add positions around 83,000, target 80,500-79,500-79,000, if broken, look at 78,500-77,000-77,500-77,000, continue to move stop-loss with the trend and take profits accordingly!
Ethereum at current price 2,370-2,400 continue short, target 2,310-2,280-2,250, if broken, look at 2,230-2,200, continue to move stop-loss with the trend and take profits accordingly!
May 11th Long Strategy
Bitcoin retraces to 76,500-77,000, buy one lot, with a stop around 76,000, target 78,000-78,500-79,000, if broken, look at 79,500-80k-80,500-81,000
Ethereum retraces to 2,200-2,230, buy one lot, with a stop around 2,160, target 2,270-2,300, if broken, look at 2,330-2,360
Be cautious with counter-trend rebounds and chasing the rise. Currently, US-China negotiations may impact the market, but the US-Iran situation could escalate Middle Eastern tensions, so go ahead and short boldly! #BTC重返8万