7.8 Wednesday Midday Market Analysis

The U.S. military is taking military action against Iran, but U.S. officials also said they are "still seriously negotiating with Iran to reach a final agreement." Fighting while negotiating. This situation is common in the market. On the candlestick chart, such a pattern usually appears: prices first quickly rally upward, then rapidly decline.
There are three important time points in the next 7 days that need close attention:
July 7: U.S. sanctions against Iran take effect, oil-related licenses are revoked, and the U.S. military has also taken action. Oil prices rose directly by more than 5% on the day, which is the first wave of impact.
July 11: The U.S. and Iran will negotiate in Pakistan. If an agreement is reached, oil prices may fall and the crypto market may rebound; if negotiations break down, oil prices may continue to rise and BTC may continue to fall.
July 14: The U.S. will release June CPI inflation data. This is the last important data before the Fed's meeting at the end of July. If the data is poor, market expectations for a September rate hike will increase. At that time, a rebound may only give everyone a chance to escape, not a signal to load up heavily.
After hitting 64,000 early this morning, it faced resistance and began to pull back. From the 4-hour weekly chart, 64,000 and 1.8k are still strong resistance moving averages being suppressed. There has been no sign of a sustained breakout after this rebound.
Coupled with the fact that daytime volatility itself is relatively small and the market is in a consolidation state, we will still be bearish during the day.
BTC operation suggestion: short above 63,000, add to position around 64,000, stop loss 65,000, take profit 62,000-60,500
ETH operation suggestion: short above 1,780, add to position around 1,810, stop loss 1,850, take profit 1,730-1,650#美终止对伊朗石油制裁豁免