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BTC/ETH news roundup
Geopolitical risk (combined reminder)
1. Jintou Data: Geopolitical risk: According to Iranian media Fars News: a person familiar with the matter from the Navy of Iran’s Islamic Revolutionary Guard Corps said that as long as the United States’ bad behavior continues, the Strait of Hormuz will remain closed.
Impact: Bearish to high volatility. War, attacks, and sanctions will boost safe-haven sentiment, and BTC/ETH is prone to sharp drops and sharp rebounds. First, look to see whether support breaks.
Strategy: Lean toward defensive first. Short only after a rebound fails and cannot hold above the resistance level; for longs, wait until after a breakdown and then quickly reclaim it. Set stop-loss below the prior low before the reclaim.
For reference only