Oman joins Iran to introduce a toll mechanism for the Strait of Hormuz, boldly go short! July 6 Bitcoin and Ethereum strategy.

It has been two weeks since the US and Iran formally signed the 14-point memorandum of understanding, but progress in negotiations remains limited. Oman and Iran are jointly discussing a new maritime security governance framework, with market sources indicating that both countries intend to introduce a ship transit toll mechanism. The US authorities have consistently opposed any toll collection in the Strait of Hormuz. The Trump administration previously issued harsh warnings that if Oman assists Iran in setting up a toll system, the US would adopt aggressive sanctions. This morning, the Israeli Air Force carried out an airstrike on a residential apartment building near the Jordan Hospital in Tal al-Hawa, southwestern Gaza City. The ceasefire agreement has no binding effect on Israel, and it is unclear if anyone is pulling the strings behind the scenes. Yesterday, I planned to go short with a long-term view, set a trailing stop to protect profit, but still got stopped out!

From a technical perspective, the daily chart shows five consecutive bullish candles, with the price near the upper Bollinger Band. However, the Bollinger Bands have not widened significantly. The KDJ lines are in a golden cross but the fast line is clearly slowing down. This morning's close formed a doji, indicating a high probability of a pullback. So, within the day, I plan to enter a short position near the high to ride the pullback!!

July 6 Short Strategy:
Bitcoin: Enter short at current price 63500-64000, stop loss around 65000, target 62500-62000-61500, break below target 61000-60500-60k, continue to move stop loss to protect profit based on situation.
Ethereum: Enter short at current price 1785-1820, stop loss above 1850, target 1700-1670, break below target 1650-1630, continue to move stop loss to protect profit based on situation.

July 6 Long Strategy:
Bitcoin: Enter long on pullback to 59500-60k, conservative entry near 58500-59000, stop loss around 58000, target 61000-61500-62000, break above target 62500-63000, continue to move stop loss to protect profit based on situation.
Ethereum: Enter long on pullback to 1600-1630, conservative entry near 1530-1560, stop loss around 1500, target 1650-1700-1720, break above target 1750-1780, continue to move stop loss to protect profit based on situation.

The US-Iran negotiations have been going on for two weeks without any real progress. Coupled with Israel not being bound by the ceasefire agreement, conflicts are likely to escalate later. So everyone should be cautious about chasing the uptrend!