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The US launched a new round of airstrikes on Iran, shorting for profit continues! 7.8 Bitcoin and Ethereum strategy
The fragile US-Iran ceasefire agreement faces a major test. The US not only launched a new round of airstrikes on Iran but also revoked the sanctions exemption allowing it to sell oil, directly targeting the ship attack incident in the Strait of Hormuz. US military strikes are still ongoing. The scale and intensity of this strike are four to five times larger than the strike ten days ago. The short positions given yesterday were extremely precise, allowing several waves of profit. If you missed it, just wait for a rebound to enter!
After six consecutive daily bullish candles, it closed bearish as expected. The Bollinger Bands are narrowing, the KDJ fast line is slowing down, and the three lines are turning downward from a high level, showing signs of forming a death cross. Therefore, the intraday strategy remains unchanged: maintain a short-on-rebound approach. Be cautious not to catch a falling knife!
7.8 Short idea:
Bitcoin: Continue shorting at current price 63500-64000, add to short at 64500-64800, stop loss near 65500, target 62500-62000, break below look at 61500-61000-60500-60k, continue breaking to move stop loss and trail profits based on the situation.
Ethereum: Continue shorting at current price 1780-1800, add to short at 1830, stop loss above 1850, target 1750-1730-1700, break below look at 1650-1630-1600, continue breaking to move stop loss and trail profits based on the situation.
As I said yesterday, the "King" (Trump) forcefully pumping the market was just a flash in the pan, as previously mentioned in posts. The US-Iran negotiations will definitely not be easy to reach an agreement; it's a big mine. Sure enough, they came and struck again. Iran will never just let it go. Hold your short positions patiently; if you haven't entered, choose the right opportunity to enter. #USIranWar