The US-Iran negotiations have stalled, good news landing, re-strategize for medium and long-term! Thoughts on the June 6th Bitcoin and altcoins

A senior Iranian official stated on Friday that the potential peace agreement between the US and Iran depends on whether the US government agrees to unfreeze $24 billion of Iranian assets, and warned that if the US resumes military actions, it will "step onto a dark path." On the 5th, the Yellow Hair said at a campaign event in Wisconsin that they will quickly end the conflict with Iran, thereby eliminating a major factor driving high prices. As the midterm elections approach, public opinion generally believes that US-Iran tensions have led to rising oil prices and increased living costs, putting pressure on Republican election prospects. Yesterday, Ethereum long positions suffered losses, Bitcoin was added to and ran away, making some profit!
Technically, multiple bottoms and doji candles appeared without rebound strength, mainly due to panic caused by poor market conditions. Bitcoin broke below 60k, Ethereum fell below 1,600, with a slight rebound in the early morning. Currently, the bulls are really weak; wait for concrete positive news before entering long-term positions. Recently, rebound trading and shorting are the most stable strategies!
June 6th Short Position Strategy
Short Bitcoin at 62,000-62,500 during rebound, with a stop around 63,500, target 61,000-60,500-60k, if broken, then 59,500-59,000, continue moving stop-loss to lock in profits based on market situation!
Short Ethereum at 1,650-1,680 during rebound, with a stop around 1,720, target 1,610-1,590-1,560, if broken, then 1,530-1,500, continue moving stop-loss to lock in profits based on market situation!
June 6th Long Position Strategy
Bitcoin retrace to 59,000-59,300, go long with a stop around 58,000, target 60,500-61,000, if broken, then 61,500-62,000, continue moving stop-loss to lock in profits based on market situation!
Ethereum retrace to 1,500-1,530, go long with a stop around 1,460, target 1,580-1,600, if broken, then 1,630-1,650, continue moving stop-loss to lock in profits based on market situation!
The non-farm payroll report shattered the unrealistic rate cut expectations, and based on current data, there will likely be another rate hike before March next year. This still depends on future data for comprehensive judgment. There are no positive news yet, but once good news lands, there’s a high probability of a significant rebound. So, try at the lows with a small stop-loss!