The US-Iran negotiations have stalled, good news landing and re-positioning for medium to long-term bullishness!


June 6th Bitcoin "Auntie" Strategy
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 "walk down 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 were lost, Bitcoin was added to and ran away, making some profit!
From a technical perspective, 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 slight rebounds in the early morning.
Currently, the bulls are really weak; wait for concrete good news before entering long-term bullish positions.
Recently, rebound trading and shorting are the most stable strategies!
June 6th Short Position Strategy
Short Bitcoin at 62,000-62,500 during rebounds, with a stop around 63,500, target 61,000-60,500 near 6,000, if broken, look at 59,500-59,000, continue to move stop-loss based on situation!
Short Ethereum at 1,650-1,680 during rebounds, with a stop around 1,720, target 1,610-1,590-1,560 near 1,530, if broken, look at 1,500, continue to move stop-loss based on situation!
June 6th Long Position Strategy
Bitcoin retraces to 59,000-59,300, go long with a stop near 58,000, target 60,500-61,000, if broken, look at 61,500-62,000, continue to move stop-loss based on situation!
Ethereum retraces to 1,500-1,530, go long with a stop near 1,460, target 1,580-1,600, if broken, look at 1,630-1,650, continue to move stop-loss based on situation!
The non-farm payroll report broke the unrealistic rate cut expectations, and based on current data, another rate hike is likely before March next year.
This still depends on future data for comprehensive judgment.
Good news has not yet arrived, but once positive news lands, there’s a high probability of a significant rebound.
So try at the lows with a small stop-loss! #分享美股交易赢英伟达股票 #SpaceXIPO路演视频提及小行星采矿 #成长值抽奖赢金条
ETH-5.53%
BTC-2.47%
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MasterChuTheOldDemonMasterChu
· 32m ago
Just charge forward 👊
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