Did Iran back down? There won’t be much force behind the price rebound—keep shorting instead! July 11 BTC & ETH trading ideas

Senior U.S. officials said that Iranian officials privately told advisers to the Trump administration that Iran’s firing on commercial vessels in the Strait of Hormuz was a “mistake,” and that the incident came from the “hardliners’ wrong factions”—their attempt to sabotage the negotiations. Reports say Iran hopes to continue the talks. The Trump administration also required Iran to publicly declare by Saturday at the latest that the Strait of Hormuz will remain open, and to pledge to stop firing on commercial vessels. This Iranian response was indeed too small; a prolonged standoff may follow, and with economic sanctions in place, Iran can’t afford it. The short positions entered in batches are still underwater—if there’s an opportunity, take a shot and do a breakeven stop-loss, then cut the losses!

Two consecutive green candles on the daily chart: the price is moving near the upper rail. The closing candle comes with a little upper wick, and the push higher was blocked. Neither BTC nor ETH has broken down or made a new recent high—so you can wait near the highs to set up short positions. If there’s a mid-course change in the U.S.-Iran situation, you could grab a big profit!

July 11 short ideas:

For BTC, short at the current price of 64000-64500. Defense is around 65500. Targets are near 63000-62500-62000. If it breaks down, watch 61000-60500-6万. Continue to move the stop-loss and take profit—adjust based on the situation!

For ETH, continue to short at the current price of 1790-1820. Defense is above 1860. Targets are near 1730-1700. If it breaks down, watch 1650-1630-1600. Continue to move the stop-loss and take profit—adjust based on the situation!

July 11 long ideas:

For BTC, add one long on a pullback to around 6万. Defense is around 59000. Targets are near 61000-61500-62000. If it breaks out, watch 62500-63000.

For ETH, add one long on a pullback to 1600-1630. Defense is around 1570. Targets are near 1650-1700-1720. If it breaks out, watch 1750-1780.

With the U.S.-Iran and Russia-Ukraine situations this tense, it’s very difficult for the coin price to bounce sharply under these circumstances. Any positive news will only be good for safe-haven assets and strategic assets. So if it escalates again, it will most likely be bullish for gold and oil—so everyone, be cautious about chasing pumps in the crypto market! #美伊战争阴云再起