Song Xiqing: The Strait of Hormuz has reopened, surging to 66k! The upper resistance has already been set



From the current market perspective, early morning successful US-Iran talks led to the reopening of the Strait of Hormuz, and the market showed a rapid upward push, aiming for the 66k level. The current position is relatively high, so further chasing is not recommended; focus on high-level resistance for operations.

From the daily chart perspective, a three-day consecutive bullish pattern has formed, currently trading below the middle band, which is under obvious pressure, with a potential for a dark cloud cover pattern. The MACD histogram is shrinking, so focus on high resistance for operations.

Operation suggestions:
Bitcoin: Range-bound around 66.2k-66.8k, stop-loss above 67.3k, target 65k-63.6k, with a breakout target around 63k.

Altcoin: Range-bound around 1750-1780, stop-loss above 1820, target around 1700-1680, with a breakout target around 1650.

Reminder:
The above analysis is Song Xiqing's personal view. Markets are ever-changing; this content is for reference only and does not constitute any investment advice!
$BTC $ETH $SPCX
BTC2.37%
ETH2.59%
SPCX2.22%
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