The U.S. is preparing to freeze assets to compensate Gulf allies for losses, with long positions first to run! 6.7 Bitcoin and Ethereum Auntie’s approach

On June 6, U.S. Treasury Secretary Bessent instructed her team to “assess the relevant situation of the Gulf countries and calculate the repair costs caused by Iran.” The U.S. plans to use the relevant mechanisms to transfer frozen Iranian assets to Gulf allies, to help fund their “response to potential future damage from Iran and to carry out reconstruction and repair work.” The U.S. will also consider whether to use Iranian assets “to compensate for past losses suffered.” This decision has not yet been confirmed, but this move could intensify tensions. Long-position holders, be cautious with your trading! The dip-buying idea given yesterday met expectations. Bitcoin could grab 2,000 points, and Ethereum could grab 70-100 points—follow in and eat that big meat!

Technically, on the daily chart, Bitcoin and Ethereum Auntie’s trade for this morning is still another doji star. Although there has been some rebound, the momentum is still insufficient. The main reason is that there is no positive catalyst to support it. The U.S.-Iran situation has not eased, a Fed rate cut is unlikely, the sell-off in U.S. Treasuries and continued outflows of spot ETF funds are also reasons why prices can’t rise. Although there are signs of bottoming formation technically, without positive news and capital support, it’s hard for the bulls to continue—so for now, don’t be overly bullish!

6.7 Short position ideas

For Bitcoin, short one lot at 61,600-62,000. Defend around 63,000. Targets: 61,000-60,500-60,000. If it breaks down, look around 59,500-59,000. Continue to move the stop-loss to lock in profit as conditions warrant!

For Ethereum, short one lot at 1,600-1,630 on the rebound. Defend around 1,650. Targets: 1,560-1,530. If it breaks down, look around 1,500. Continue to move the stop-loss to lock in profit as conditions warrant!

6.7 Long position ideas. Don’t be overly bearish over the weekend either—if there’s a pullback to lower levels, you can try going long

For Bitcoin, go long on a pullback at 59,000-59,500. Defend around 58,000. Targets: 60,500-61,000. If it breaks out, look around 61,600-62,000. Continue to move the stop-loss to lock in profit as conditions warrant!

For Ethereum, go long on a pullback at 1,500-1,530 for one lot. Defend around 1,460. Targets: 1,580-1,600. If it breaks out, look around 1,630-1,650. Continue to move the stop-loss to lock in profit as conditions warrant!

With no positive catalysts, it’s difficult for the bulls to sustain. So all I can say is to try going long at low points for now; there may be funds coming in to push a rally. After all, Bitcoin has retraced 50% from its high, and Ethereum has retraced 70%. Whether this is a turning point from bear to bull is still hard to say—so be patient and wait! #比特币ETF单日净流出7272枚