Negotiations have reached a deadlock, and the yellow-haired one 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 Islamic Revolutionary Guard Corps hit two vessels attempting to illegally cross the Strait of Hormuz this morning. Although the yellow-haired one has publicly claimed multiple times that it will end soon and has taken dual measures, the results have been minimal. Iran is simply not compromising. Negotiations are completely broken down! Yesterday’s rebound and short-selling strategy can still profit!
The technical chart shows Bitcoin Auntie closing with a bearish candle again. Yesterday’s CPI data met expectations, and the market has reduced its rate hike bets. But the US-Iran situation has not eased, and the price rebound was just a fleeting moment, so the intraday strategy remains to short on rebounds! The rebound in price is just an opportunity for us to get in!
6.11 Short-selling Strategy:
Bitcoin rebound to 62,500-63,000, short one lot, conservative traders can enter at 63,500-64,000, with a stop around 64,500, targeting around 61,500-61,000. If broken, look at 60,500-60,000-59,500, and continue to move stop-loss accordingly based on the situation!
Ethereum rebound to 1,650-1,670, short one lot, conservative traders can enter at 1,700-1,730, with a stop around 1,760, targeting around 1,600-1,570. If broken, look at 1,750-1,730-1,700, and continue to move stop-loss accordingly based on the situation!
6.11 Long-position Strategy:
Bitcoin retraces near 59,000, try to go long with one lot, with a stop around 58,500, targeting around 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 the situation!
Ethereum retraces near 1,500, try to go long with one lot, with a stop around 1,460, targeting around 1,580-1,600, and if broken, look at 1,630-1,650, and continue to move stop-loss accordingly based on the situation!
The market trend is too weak; the price is likely to break recent lows, but the ultimate outcome of the US-Iran situation is uncertain. Normally, they wouldn’t launch a reckless 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!