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US-Iran situation escalates, US troop casualties increase; crypto price rebounds—still short! 7.19 BTC & ETH outlook
Two US service members died in a ballistic missile attack launched by Iran on a U.S. Air Force base in Jordan on Saturday, with others injured. The strike marked the first time since fighting resumed two weeks ago that US personnel had been killed. This also brings the number of US servicemen killed in this round of war to 16. It’s reported that on Saturday Iran launched at least two ballistic missiles that hit the Muwaffaq Salti Air Base in Jordan. The base hosts US forces and fighter jets. “Yellow hair” once again emphasized in public that Iran “cannot and should not have nuclear weapons.” After Iran announced it would pause fulfilling its commitments under the interim agreement, Trump said he “doesn’t care at all.”
BTC prices didn’t move yesterday all day. This morning it bounced up a bit; in this situation it’s clearly institutions propping up the market. But the bulls can’t push it up too much—so maintain the rebound-to-short play!
7.19 short setup:
For BTC, keep short at the current price range 64,700–65,000; for more conservative traders short at 65,300–65,600. Defense around 66,500. Targets to watch: 64,000–63,500–63,000–62,500. If it breaks down, then watch 62,000–61,500–61,000. Keep moving the stop-loss and take-profit as appropriate after a further breakdown!
For ETH, keep short at the current price range 1,860–1,890; for more conservative traders enter short at 1,920–1,950. Defense around 1,980. Targets to watch: 1,820–1,800. If it breaks down, then watch 1,750–1,700. Keep moving the stop-loss and take-profit as appropriate after a further breakdown!
7.19 long setup:
For BTC, on a pullback, go long again at 60,500–61,000; defense around 60k. Targets to watch: 62,000–62,500–63,000. If it breaks out, then watch 63,500–64,000–64,500.
For ETH, on a pullback, go long again at 1,670–1,700; defense around 1,640. Targets to watch: 1,750–1,780–1,800. If it breaks out, then watch 1,830–1,850.
The US-Iran conflict is continuing to escalate. In this situation, the likelihood of resolving the conflict through negotiations is too low. So just be patient and wait for the shorts. Right now the price is stubborn—unthinkable to pull up too much—so patiently wait for the shorts to pull back! #夏日创作营