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The Strait of Hormuz has reopened for free—pull back boldly to buy! 6.15 BTC & ETH Ideas
Although yesterday the attack continued on the southern suburbs of Beirut, the US and Iran still managed to work out an agreement. Obviously, both the US and Iran don’t want to keep dragging this out. Both sides reached a consensus on the protocol and are preparing to officially sign it on Friday in Switzerland. Coin prices also rebounded quickly in the morning, and oil prices plummeted! As mentioned earlier, once the deal is reached, prices will rise! Luckily, yesterday’s short positions had their stop-loss moved—just made a small profit.
On the daily chart, BTC & ETH are turning bullish again, with two consecutive bullish days over the weekend; the indicators are all showing bullish sentiment. Plus, with the US-Iran situation easing, any pullback is a great opportunity to go long!
6.15 Long Setup:
For BTC, pull back to 64000-64500 to go long. Defense around 63000. Targets at 65500-66000-66500. If it breaks through, look at 67000-67500-68000. Continue to move the stop-loss and take profit according to the situation!
For ETH, pull back to 1650-1680 to go long. Defense around 1600. Targets at 1730-1750-1780. If it breaks through, look at 1800-1830-1850. Continue to move the stop-loss and take profit according to the situation!
Shorts are not recommended for now! Crude oil can rebound around 85 to short, targeting 80-75! Adjust your position size and stop-loss reasonably based on your own holdings!
Although the US-Iran situation has eased, the Russia-Ukraine conflict is still escalating. This world has already become numb. This week, the key focus is Thursday’s Federal Reserve interest rate decision and Friday’s official signing of the US-Iran agreement!