June 15 BTC/ETH Afternoon Report--The US-Iran Peace Agreement Has Been Reached, Focus on the 66k Level Today!

Early morning, the US and Iran reached a peace agreement. Trump announced approval for free passage through the Strait of Hormuz, and authorized the immediate lifting of the US Navy blockade on Iran. Iran’s Deputy Foreign Minister also confirmed that the US-Iran Memorandum of Understanding has been finalized and will be officially signed this Friday in Switzerland. The market cheered, with Bitcoin rising to around 66,000, and Ethereum climbing to about 1730. Can the subsequent trend continue to stay bullish?

Today’s view: The rebound is not a reversal. The small-position high-altitude short strategy remains unchanged. Bitcoin’s small-timeframe RSI has entered a seriously overbought zone, and KDJ is beginning to turn downward and diverge, showing signs of a death cross forming. Jiangfeng Capital’s trend-following indicator currently shows proximity to resistance zones (see below). You can try to participate in short positions with small positions! Specific levels are as follows:

Resistance above near 66,000, as well as around 66,666 and 68,500, or directly participate with small positions at the current price of about 65,700. Support below at 64,000–62,500–61,800–60k and around 59,300. The ultimate target is 53,000–45k (spot range).

Ethereum focus on resistance near 1,740, as well as around 1,777 and 1,830, or directly short with small positions at the current price of 1,718. Support levels are at 1,666–1,620–1,580, and around 1,500. The ultimate target is 1,440–1,120 (spot range).

I personally am not optimistic about price increases driven by such news sentiment. I believe that after the rebound, the market will continue to retrace. Recently, there may be some hype, but I think the real bottoming time point is around the end of the third quarter. It would be more prudent to position long-term longs then!

Note that all the above entry and exit points may have slight deviations; Bitcoin ±100 points, Ethereum ±5 points. Use at your own risk! Remember to participate with small positions at this critical #我的Gate交易时刻 moment!