Trump is blowing hot air again; the coin price is surprisingly strong, be cautious about chasing longs! July 5 BTC and ETH ideas



Trump is blowing hot air again, saying that Iran is "begging for a deal," but that both sides have decided to suspend negotiations for one week until after the funeral of Iran's Supreme Leader Khamenei. He added that during the suspension, the two sides will not attack each other. "They are all there. One strike could take them all out, but we won't do that because then we wouldn't have anyone to negotiate with." The coin price has seen almost no pullback as of Friday; it rises a bit after consolidating. BTC and ETH are competing to break recent highs. The long bias we gave aligns with expectations. The idea we gave overnight to look for a pullback is still stuck!

Recently, the frequent bullish bias has not been fully realized, but the likelihood is too low anyway. Currently, the technicals show clear signs of topping. On the 4-hour chart, the KDJ indicator has merged and formed a death cross, so don't blindly chase longs. Look for a small pullback in the day first!

July 5 Short Ideas:
BTC: current price 63000-63500 short one unit, stop loss above 64000, target around 62000-61500-61000, if broken, look at 60500-60k, continue down, move stop to protect profits as situation dictates.
ETH: current price 1780-1820 short one unit, stop loss around 1850, target around 1700-1670, if broken, look at 1650-1630

July 5 Long Ideas:
BTC: retrace to 59500-60k to go long, conservative entry around 58500-59000, stop loss around 58000, target around 61000-61500-62000, if broken, look at 62500-63000, continue up, move stop to protect profits as situation dictates.
ETH: retrace to 1600-1630 to go long, conservative entry around 1530-1560, stop loss around 1500, target around 1650-1700-1720, if broken, look at 1750-1780, continue up, move stop to protect profits as situation dictates.

The US-Iran talks are deadlocked; both sides won't give in, so it certainly won't be easy to reach an agreement. Iran wants compensation, but the US not only refuses to give it but also prevents Iran from collecting tolls from ships passing through the Strait of Hormuz to make up for the losses. Although a ceasefire agreement was signed, attacks are still frequent. Can such negotiations be successful? #非农爆冷打压加息预期
ETH0.09%
BTC0.38%
View Original
post-image
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
HaoNanChenHappyNewYearAnd
· 1h ago
Mingming o(╥﹏╥)o 👀 came—Boss Lei and the manager took a look 👌; each, each of them, 👌 👌👌 months 🈷️ months
View OriginalReply0
  • Pinned