Iran accuses the U.S. of violating the ceasefire agreement—yesterday, both longs and shorts profited! 7.2 Big Pie & “Yi” Ethereum strategy

During the Doha trilateral talks, the Iranian delegation raised and reviewed the U.S.’ violation of the first clause of the US-Iran Memorandum of Understanding regarding the commitment to end the fighting in Lebanon, and discussed reports about the United States strengthening regional military equipment and troop deployments, as well as certain threatening and interventionist remarks made by U.S. officials. In the talks, the Iranian delegation stressed that the commitments in the US-Iran Memorandum of Understanding are an integrated whole and cannot be viewed in isolation. Garibabadi announced that a supervisory group would be formed to report and review violations related to the US-Iran Memorandum of Understanding through direct communication channels. The range-trading approach given yesterday met expectations—this move of “Ethereum short positions” continued to yield another 40–50 points, and Ethereum short positions also accumulated more than a thousand points!

Although the Big Pie stabbed through and broke below 58,000, it rebounded quickly. The high point has already been raised in the morning. Ethereum’s price action is a bit better: both highs and lows are gradually moving upward. Judging from the chart, the bottoming process looks like it has been successful. Today, the main focus is Non-Farm Payrolls!

7.2 Long ideas:

Big Pie: On a pullback to 58,500–59,000, enter long. For conservative traders, enter near 58,000. Defend near 57,500. Targets: around 60,000–60,500–61,000. If it breaks, look for 61,500–62,000. Continue to move the stop-loss to lock in profits depending on the situation!

Ethereum: On a pullback to 1,530–1,560, enter long. For conservative traders, enter near 1,500. Defend near 1,460. Targets: around 1,600–1,630–1,650. If it breaks, look for 1,680–1,700. Continue to move the stop-loss to lock in profits depending on the situation!

7.2 Short ideas:

Big Pie: On a rebound to 61,500–62,000, short one position. Defend at 62,500. Targets: around 60,500–60,000–59,500–59,000. If it breaks, look around 58,500–58,000.

Ethereum: On a rebound to 1,670–1,700, short one position. Defend around 1,740. Targets: around 1,600–1,560. If it breaks, look for 1,530–1,500.

The Small Non-Farm came in worse than expected. Woos also said publicly that inflation risk has already declined, but he refused to disclose whether there will be a rate hike in July. Tonight’s Non-Farm Payrolls will be the highlight—everyone, focus on it!