US-Iran negotiations have stalled again, month-end closing, non-farm payrolls looming, bulls struggling to break out! June 30 BTC and ETH Analysis



US-Iran negotiation teams have gathered in Doha, but both sides disagree on whether a meeting will even take place. On one side, Trump claims "Iran has requested a meeting," while Tehran insists "no negotiations have been arranged." Previously, the two sides attacked each other over the weekend, making the 60-day ceasefire agreement clearly a joke. Yesterday's range-bound approach met expectations; the BTC short order was placed too high, while the ETH short at 1630 was filled and is now up over 30 points. You can set a trailing stop-loss and see how it goes.

The monthly chart is clearly bearish, and the daily chart has been consolidating near the lower Bollinger Band for nearly a week. Indicators are bottoming, but the bulls just won't break out, mainly due to the US-Iran situation and the strong performance of US stocks absorbing funds. Now we can only wait for a concrete result from the US-Iran negotiations before funds might flow in and boost the market. If there is a low, try to position: BTC around 58000, ETH around 1500. If there's a strong break, the bulls won't have much room to go high for now.

June 30 Long Strategy:

BTC pullback to 58000-58500, go long, defense near 57000, target 59500-60k-60500, break above look at 61000-62000.

ETH pullback to 1500-1530, go long, defense near 1460, target 1580-1600-1630, break above look at 1650-1680-1700.

June 30 Short Strategy:

BTC bounce to 61000-61500, short one, defense 62500, target 60k-59500-59000, break below look at 58500-58000, further break move stop loss trailing.

ETH bounce to 1630-1650, short one, defense near 1700, target 1600-1550, break below look at 1500-1460, further break move stop loss trailing.

The major trend is still bearish, but we need to focus on whether the recent lows can hold: BTC 58000, ETH 1500. Try going long near these levels with a stop loss and see if the US-Iran negotiations boost the market.
ETH1.36%
BTC0.61%
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ConanTrendIsKing
· 1h ago
US-Iran talks fall into another impasse again; with the monthly chart ending and Nonfarm Payrolls right behind it, the bulls may find it hard to break out! June 30—Bitcoin and Ethereum auntie’s game plan/strategy.
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