The US-Iran negotiations have completely broken down, and the price of the coin is rebounding against the trend. Bold short positions on May 11th for Bitcoin.

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 saying he is dissatisfied with Iran's response, calling it "completely unacceptable." Although there was a quick rebound after an early morning dip, it is a counter-trend rebound, so go bold on short positions!
May 11th Short Position Strategy
Bitcoin current price 81,900-82,300 continue short, add near 83,000, target around 80,500-79,500-79,000, if broken, look at 78,500-77,000-77,500, continue to move stop-loss as the situation warrants!
Ethereum current price 2,370-2,400 continue short, target around 2,310-2,280-2,250, if broken, look at 2,230-2,200, continue to move stop-loss as the situation warrants!
May 11th Long Position Strategy
Bitcoin retraces to 76,500-77,000, buy one lot, defend near 76,000, target around 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, defend near 2,160, target around 2,270-2,300, if broken, look at 2,330-2,360
Be cautious with counter-trend rebounds and chasing rallies. Currently, the US-China negotiations may impact the market, but situations like US-Iran could escalate tensions in the Middle East, so go bold on short positions! #BTC重返8万