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I am Jin Yingying. The current US-Iran situation is erratic, with ceasefires and battles alternating like child's play. It is highly likely that geopolitical news is being used to manipulate the market and intervene.
The short-term market has entered a consolidation and recovery phase. After a significant breakout drop with high volume on the weekly chart, a technical correction is normal. However, this is just a brief respite in a downtrend, not a reversal of the bearish main trend. The current sideways movement is actually accumulating for further declines, and prolonged consolidation makes a second sharp drop with volume highly likely.
The full-cycle bearish structure remains unchanged. Operate by holding short positions and wait for the breakout after the consolidation ends.
Strategy:
Bitcoin: short when it rebounds above the 60k mark and shows resistance, target 58,000;
Ethereum: short on a rebound to 1,590 at a high level, target 1,520.