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Negotiations have reached a deadlock, and the yellow-haired guy is using both soft and hard tactics with no avail, while there are still profits to be made from short positions! 6.11 Bitcoin Auntie's Strategy
The U.S. Central Command started launching additional defensive strikes on multiple targets inside Iran at 5:15 PM Eastern Time today. This attack is a response to Iran's unwarranted and ongoing aggressive actions. Iran strongly responded by closing the Strait of Hormuz, and the Iranian Revolutionary Guard hit two vessels attempting to illegally cross the Strait of Hormuz this morning. Although the yellow-haired guy has publicly said multiple times that it will end soon and is using both approaches, the results have been minimal. Iran simply refuses to compromise. Negotiations are completely broken down! Yesterday's rebound and short-selling strategy can still profit!
The technical chart shows that Bitcoin Auntie's strategy closed with a bearish candle again. Yesterday's CPI data was in line with expectations, and the market reduced its rate hike bets. But the US-Iran situation has not eased, and the price rebound was just a fleeting moment, so we still maintain the same intraday rebound and short-selling strategy! The rebound in price is just an opportunity for us to get in!
6.11 Short-selling Strategy:
Bitcoin rebounds to 62,500-63,000, short one lot; conservative traders can enter at 63,500-64,000, with a stop around 64,500. Target near 61,500-61,000; if broken, look at 60,500-60,000-59,500, and continue to move stop-loss accordingly based on market conditions!
Ethereum rebounds to 1650-1670, short one lot; conservative traders can enter at 1700-1730, with a stop around 1760. Target near 1600-1570; if broken, look at 1750-1730-1700, and continue to move stop-loss accordingly based on market conditions!
6.11 Long-position Strategy:
Bitcoin retraces near 59,000, try to go long with one lot; stop around 58,500. Target near 60,500-61,000-61,500; if broken, look at 62,000-62,500-63,000, and continue to move stop-loss accordingly based on market conditions!
Ethereum retraces near 1500, try to go long with one lot; stop around 1460. Target near 1580-1600; if broken, look at 1630-1650, and continue to move stop-loss accordingly based on market conditions!
The market trend is too weak; the price is likely to break recent lows, but the final direction of the US-Iran situation is uncertain. Normally, they wouldn’t recklessly launch a destructive strike, so it’s not overly bearish for now. Consider trying at lower levels; there might be funds stepping in to push the market up!