Jingwen mentioned a sentence long ago about US-Iran geopolitical relations: Negotiations are unexpected, conflict is the norm;

Currently, the yellow-haired wants to restart the war against Iran, Iran responds with threats via submarine optical cables, both sides are on the brink of conflict.

The market generally discounts the Fed's rate cut expectations, the dollar strengthens, and the 10-year US Treasury yield soars;

Mainstream risk assets like BTC, ETH, and others are the first to be affected, while spot gold gains short-term support due to its geopolitical safe-haven properties.

On a smaller scale, the resistance level above BTC keeps decreasing, currently under pressure at the 78,000 mark, yesterday only rebounded to 78,500 before falling again;

With increased short selling volume, support below is very weak, and the starting point of the rise at 75,000 earlier this month is tentatively the current short sellers' limit.

ETH sharply dropped to 2,085, which is shocking, while the 2,000-2,050 range was the starting point of the rally in early April;

During the daytime, focus on oversold rebound strength, mainly operate with high shorts!

BTC suggestion: Short around 78,000, add to short at 78,500, target 76,500;

ETH suggestion: Short around 2,140, add to short at 2,165, target 2,080.