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The US-Iran negotiations have completely broken down, and the coin price is rebounding against the trend. Bold short positions on 5.11 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 excessive demands from U.S. President Trump. Reports say Iran demands the U.S. 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 plan aimed at ending the war with the U.S. Trump posted on social media that he was dissatisfied with Iran’s response, calling it “completely unacceptable.” Although there was a quick dip in the morning, it quickly rebounded, which is a counter-trend rebound. Bold short positions are recommended!
5.11 Short position strategy
Bitcoin at the current price of 81,900-82,300 continues to short, add positions around 83,000, target 80,500-79,500-79,000, and if broken below, look at 78,500-77,000-77,500, 78,000, continue to move stop-loss accordingly based on market conditions!
Ethereum at the current price of 2,370-2,400 continues to short, target 2,310-2,280-2,250, and if broken below, look at 2,230-2,200, continue to move stop-loss accordingly based on market conditions!
5.11 Long position strategy
Bitcoin retraces to 76,500-77,000, buy one lot, with a stop around 76,000, target 78,000-78,500-79,000, and if broken above, 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, and if broken above, look at 2,330-2,360.
Be cautious with counter-trend rebounds and chasing rallies. Currently, the upcoming US-China negotiations may impact the market, but the US-Iran situation could escalate tensions in the Middle East, so go ahead with bold short positions! #BTC重返8万