Oman and Iran jointly roll out a Strait of Hormuz charging mechanism—daringly “air in” at full speed! 7.6 Big Cake (BTC) and ETH trading ideas

Half a month has passed since the US and Iran officially signed a 14-point memorandum of understanding, but there has been little progress in negotiations. Oman and Iran are jointly consulting on a new maritime security governance framework, and market reports say the two countries intend to introduce a ship transit charging mechanism. The US government has consistently taken a hardline stance against setting up any tolls for the Strait of Hormuz. The “strong words” from the U.S. side earlier were blunt: if Oman assists Iran in building a charging system, the US would take aggressive sanctions. And this morning, the Israeli Air Force carried out an airstrike on a residential apartment near the Tal al-Hawa Jordan Hospital in the southwest of Gaza City. The ceasefire agreement basically cannot restrain Israel, and it’s also unclear whether someone is behind it. Yesterday I laid out a shorting idea to catch the move in this setup—yet even with a stop loss / protective take profit, I still got swept!

From a technical perspective right now, the daily chart shows five consecutive bullish candles. The coin price has risen to near the upper Bollinger Band, but the Bollinger Bands have not widened significantly. The KDJ’s three lines’ golden cross has formed, but the fast line is clearly losing momentum. The close this morning is a doji star, so the coin price will most likely pull back for a round. Therefore, within the day, first short near the higher point, and aim to profit from the pullback!

**7.6 Short position ideas:**

- **Big Cake:** Short at the current price range 63500–64000 for one lot; defense around 65000. Targets are around 62500–62000–61500. If it breaks through, look at 61000–60500–60000. If it breaks further, keep adjusting the moving stop loss / take profit—see the situation!

- **Ethereum:** Short at the current price range 1785–1820 for one lot; defense above 1850. Targets are around 1700–1670. If it breaks through, look at 1650–1630. If it breaks further, keep adjusting the moving stop loss / take profit—see the situation!

**7.6 Long position ideas:**

- **Big Cake:** Buy long on a retracement into 59500–60000; for the more cautious, enter around 58500–59000. Defense around 58000. Targets are around 61000–61500–62000. If it breaks through, look at 62500–63000. If it breaks further, keep adjusting the moving stop loss / take profit—see the situation!

- **Ethereum:** Buy long on a retracement into 1600–1630; for the more cautious, enter around 1530–1560. Defense around 1500. Targets are around 1650–1700–1720. If it breaks through, look at 1750–1780. If it breaks further, keep adjusting the moving stop loss / take profit—see the situation!

The US-Iran talks have dragged on for half a month, but in reality there has been no progress at all. Plus Israel is not constrained by the ceasefire agreement, so the conflict will most likely escalate again afterward. So everyone, be cautious—don’t chase the upside!