The US’s threat against Iran will only expand the scope of the war, and the daily (chart) doji warns of a shorts pullback! 7.23 BTC and ETH trading ideas

The US-Iran situation continues to escalate, and many countries in the Middle East have been drawn into this conflict. If the US follows through on its threats, Iran will cut off all oil flow in the Gulf region, and strike the region’s oil, natural gas, power, and economic infrastructure. The statement also said that the US’s repeated threats will only cause the war to expand to the region and even beyond. But the coin price just won’t drop—clearly, it’s due to continued outflows of funds from the spot ETF market, which is the result of 🐶 whales teaming up to shake out retail investors.

On the daily chart, BTC closes bearish, while ETH closes bullish. ETH prints a clear doji. Even though BTC’s lower wick is relatively long, it’s also a doji. With BTC closing near the upper band of the Bollinger Bands on the daily chart, the doji warns of a shorts pullback and a short-seller counterattack. Keep positioning to short from the high level—wait to take a big bite of profit!

7.23 short order ideas:

For BTC, short on the rebound at 66,500-67,000. Defend around 67,500. Targets are 65,000-64,500-64,000. If it breaks down, watch 63,500-63,000-62,500-62,000. If it keeps breaking down, move the stop loss and take profit based on the situation!

For ETH, go long at the current price 1,940-1,960. Defend around 1,990. Targets are 1,850-1,820-1,800. If it breaks down, watch around 1,750-1,720. If it keeps breaking down, move the stop loss and take profit based on the situation!

7.23 long order ideas:

For BTC, go long on the pullback at 61,500-62,000 (one position). Defend around 60,500. Targets are 63,000-63,500-64,000. If it breaks, watch 64,500-65,000.

For ETH, go long on the pullback at 1,700-1,730 (one position). Defend around 1,640. Targets are 1,750-1,780-1,800. If it breaks, watch 1,830-1,850.

The US-Iran situation continues to escalate, but the coin price keeps consolidating at high levels and slowly climbing. It’s clear that 🐶 whales are working together to eat the shorts—or at least try to scare off the shorts. Chasing longs will only get you a little bit of room, while only shorting has a chance to take the big bite. So short it and that’s it!