The situation between the U.S. and Iran continues to escalate, and Iran has no intention of negotiating! 7.16 thoughts on big-pie and ETH

After Huangmao listened to multiple rounds of briefings from senior advisers, he is currently leaning toward expanding military actions against Iran, but he has not yet made a final decision. The White House is discussing high-risk plans such as expanding the scope of airstrikes, striking nuclear facilities, and seizing control of key islands in the Strait of Hormuz. Although Huangmao has publicly stated that he hopes to resolve the contradictions between the two sides through negotiations, an Iranian foreign ministry spokesperson said, “Our armed forces have made it clear that any aggression against Iranian territory will inevitably be met with a corresponding, proportionate response. We currently have no plan for negotiations; we are focusing on defense. A memorandum of understanding is a set of mutual commitments—if the other side violates it, our side will also stop fulfilling its obligations. This is a principle, and we will continue to follow the same path in the future.” The contradictions between the two sides are now very difficult to resolve through negotiations; it remains to be seen which side can’t hold out and is forced to compromise. Yesterday, the coin price surged again, and short positions with 65500/1900 have already regrettably been stopped out.

The daily chart shows big-pie closing with a bearish candle, while ETH closes with a bullish candle. This may also be because big-pie is consolidating, giving ETH a chance to catch up. However, the candles’ bodies all come with long upper wicks, which also indicates that the strength behind the upward push is insufficient—so on an intraday basis, Conan still favors the bears! The reason we’re seeing this is mainly because there are too many short positions; it’s clearly trying to lure longs in to scare the shorts out.

7.16 short ideas:

For big-pie, short on the rebound at 65000-65500. For the more conservative, enter at 66000-66500. Defend around 67500. Targets are around 64000-63500-63000. If it breaks through, watch around 62500-62000-61500. Continue to move the stop-loss and take profit based on the situation!

For ETH, short on the rebound at 1920-1950. For the more conservative, enter at 1980-2010. Defend around 2050. Targets are around 1850-1800. If it breaks through, watch around 1750-1700. Continue to move the stop-loss and take profit based on the situation!

7.16 long ideas:

For big-pie, buy on the pullback at 61000-61500. Defend around 60,000. Targets are around 62500-63000. If it breaks through, watch around 63500-64000-64500.

For ETH, buy on the pullback at 1670-1700. Defend around 1640. Targets are around 1750-1780-1800. If it breaks through, watch around 1830-1850.

Iran won’t simply back down like this. Even though it has incurred huge costs, it will still insist on resisting the pressure from the U.S. side. The current situation is tense: although it hasn’t pulled the coin price back, it has clearly been suppressing the longs—so everyone, be cautious about chasing pumps! #BTC反弹触及65000美元