All ships are not allowed to pass through the Strait of Hormuz. If you’re going long, be cautious about chasing the rally! 6.14 Bitcoin Auntie & Ethereum Auntie’s ideas

Recordings of public ship radio channels from merchant crews near the waters around the Strait of Hormuz show that on the evening of the 13th, the Iranian Revolutionary Guard issued warnings to ships in the nearby waters, requiring that they not transit the Strait of Hormuz. The recordings show that the Iranian Revolutionary Guard Navy broadcast to all ships located in the Persian Gulf and the Gulf of Oman, saying that the Strait of Hormuz is fully closed, and that any ship attempting to pass through the strait will be “handled decisively.” The broadcast also instructed all ships not to move within the Strait of Hormuz until further notice is issued. It seems that the U.S. and Iran still have disagreements that have not been resolved yet; it’s too early to say it will succeed. Everyone, be cautious about chasing the rally!

On the daily chart, Bitcoin Auntie’s daily bullish candle closed. After Bitcoin slightly broke above the previous high, it pulled back; Ethereum also only touched around 1700 before dropping again. The Bollinger Bands are severely tightening, and price is trading between the lower and middle bands. The KDJ three lines show a golden cross with upward divergence. The MACD double lines are turning upward from low levels to form a golden cross. Trading volume is just beginning to pick up. The overall intraday price action is biased toward longs. During the day, watch resistance near the middle band. Bitcoin Auntie’s strong resistance is around (67000/1800). If the U.S.-Iran negotiations don’t land, be cautious about chasing the rally!

6.14 Short-selling ideas

Short Bitcoin around 64,600. Conservative traders can enter at 65,500–66,000. The defense level is above 67,000. Targets are around 63,000–62,000. If it breaks, look at around 61,500–61,000, and keep moving the stop-loss to protect profit depending on market conditions!

Short Ethereum with one position around 1700. Conservative traders can enter at 1740–1770. The defense level is above 1800. Targets are around 1650–1630. If it breaks, look at around 1600–1570, and keep moving the stop-loss to protect profit depending on market conditions!

6.14 Long-selling ideas:

Buy Bitcoin with one position around 61,000 on the pullback. Defense is around 60,000. Targets are around 62,000–62,500–63,000. If it breaks, look at 63,500–64,000–64,500. Keep moving the stop-loss to protect profit depending on market conditions!

Buy Ethereum with one position on a pullback around 1570–1600. Defense is around 1540. Targets are around 1630–1660. If it breaks, look at 1700–1730. Keep moving the stop-loss to protect profit depending on market conditions!

If the negotiations are discussed and go well, it will definitely rise, but the risk of it not landing is too big—wait until it lands before chasing, for something more steady and safer. Right now, Elon Musk’s SPCX project is accumulating positions, and there is also capital involved through football-related play, so big capital hasn’t stepped in yet. Just be patient and wait!