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US launches new airstrikes on Iran, short selling continues to profit! 7.8 Bitcoin and Ethereum outlook
The fragile US-Iran ceasefire faces a major test. The US not only launched new airstrikes on Iran but also revoked sanctions exemptions allowing Iran to sell oil, directly targeting the attack on merchant ships in the Strait of Hormuz. US military strikes continue. The scale and intensity of this round of strikes are four to five times greater than the one ten days ago. The short positions given yesterday were incredibly precise; following them could yield several profitable waves. If you haven't entered yet, continue to position during the rebound!
After six consecutive daily bullish candles, a bearish close occurred as expected. The Bollinger Bands are narrowing, the KDJ fast line has slowed down, and all three lines are turning downward from high levels, showing signs of forming a death cross. Therefore, intraday strategy remains to short on rebounds; everyone should be cautious about bottom-fishing!
7.8 Short Position Strategy:
Bitcoin current price 63500-64000 continue short, 64500-64800 add to short, stop loss near 65500, target near 62500-62000, breakdown targets 61500-61000-60500-60k range, further breakdown move stop loss and trail profits depending on the situation!
Ethereum current price 1780-1800 continue short, 1830 add to short, stop loss above 1850, target near 1750-1730-1700, breakdown targets 1650-1630-1600 range, further breakdown move stop loss and trail profits depending on the situation!
As I said yesterday, Trump's forced pump was just a flash in the pan. I've also mentioned it in previous posts. The US-Iran negotiations will definitely not be easy to conclude; it's a major hidden bomb. Sure enough, they started fighting again. Iran will not let this go either. Those who have entered short positions should hold patiently; those who haven't should enter at an opportune time! #USIranWar