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Iran shuts the Strait of Hormuz again—hold spot shorts patiently! 7.12 BTC/ETH trade ideas
The Iranian Islamic Revolutionary Guard Corps Navy announced in the early hours of the 12th that the Strait of Hormuz will be closed immediately, and no ships may pass. The statement said that, following the Iranian side’s prior notice, any actions by foreign forces to interfere in affairs of the Strait of Hormuz and illegally designate shipping routes will be met by Iran with a “firm and resolute response.” Given the unsafe situation caused by foreign forces’ illegal interference, the Strait of Hormuz will be closed starting immediately until further notice and until the United States stops interfering in the region. The statement also warned that if the U.S. uses this incident as an excuse to launch new attacks on Iran, Iran will respond forcefully and strike more U.S. bases in the Middle East. But then the U.S. war minister publicly said, “Iran is paying for its wrong choices.” After that, multiple places in southern Iran were hit by U.S. military strikes. Just hold the empty orders patiently—any rebound that hasn’t caught you should be continued to lie in wait!
7.12 short order ideas:
For BTC, rebound to 64,000–64,500 to short, with defense around 65,500; targets at around 63,000–62,500–62,000. If it breaks down, watch around 61,000–60,500–60k; continue to trail the stop-loss and take profit as appropriate!
For ETH, continue to short at 1,790–1,820, with defense above 1,860; targets around 1,730–1,700. If it breaks down, watch around 1,650–1,630–1,600; continue to trail the stop-loss and take profit as appropriate!
7.12 long order ideas:
For BTC, add a long on a pullback to around 60k, with defense around 59,000; targets around 61,000–61,500–62,000. If it breaks, watch around 62,500–63,000.
For ETH, add a long on a pullback to 1,600–1,630, with defense around 1,570; targets around 1,650–1,700–1,720. If it breaks, watch around 1,750–1,780.
With the situation between the U.S. and Iran and the Russia-Ukraine conflict so tense, under this premise, any rebound in coin price is only a brief spike—so please be cautious about chasing gains!