Warsh pushes for "Fed" reform, situation escalates – cautious on chasing gains! 7.10 BTC and ETH strategy

Warsh assembled Nobel laureates, former central bank governors, former Walmart CEO, and even top Silicon Valley venture capitalists to form five "reform strike teams." The goal is clear: overturn most of the operational rules the Fed has accumulated since the 2008 financial crisis. Warsh has stated his priorities include: reducing the scale of Fed intervention in financial markets, weakening forward guidance on policy paths, and reassessing the statistical methods the Fed uses to interpret economic conditions. What signal this sends remains unknown, but it is certain that every reform will have a specific impact on the market. What effect the actual implementation will have on the investment market is yet to be seen.
The US-Iran situation is escalating, and the Russia-Ukraine situation is also rising, but crypto prices have not continued falling. Yesterday saw small consolidation moves. The short idea given for BTC was executed, but ETH was not. The previously held short order with a trailing stop was force-stopped at a profit. Currently, the technicals remain weak, with highs and lows moving lower. Although the escalation did not accelerate the decline, it clearly suppressed bulls. So, wait for a rebound within the day to continue positioning!
7.10 Short strategy:
BTC: Current price 63,200-63,500 continue short; add positions at 64,000-64,500; stop loss around 65,500; target 62,500-62,000-61,500; if broken, see 61,000-60,500-60k; if further broken, trailing stop loss based on situation!
ETH: Rebound to 1,760-1,790 continue short; add positions around 1,830; stop loss above 1,860; target 1,730-1,700; if broken, see 1,650-1,630-1,600; if further broken, trailing stop loss based on situation!
7.10 Long strategy:
BTC: Pull back to 59,500-60k enter long; stop loss around 58,500; target 61,000-61,500-62,000; if broken, see 62,500-63,000
ETH: Pull back to 1,600-1,630 enter long; stop loss around 1,570; target 1,650-1,700-1,720; if broken, see 1,750-1,780
The US-Iran and Russia-Ukraine situations are so tense. Under such conditions, a significant rebound in crypto prices is very difficult. Only safe-haven and strategic assets will benefit. So if the situation escalates further, gold and crude oil are likely to benefit. Therefore, everyone should be cautious about chasing gains in crypto!