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US-Iran tensions escalating could only expand the war's scope; on the daily chart, the doji cross star warns shorts of a pullback risk! 7.23 BTC & ETH outlook
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 flows 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 within the region and even beyond. But the coin price just won’t drop—it's clearly due to continued outflows of funds from the spot ETF market, meaning the result of 🐶 whales coordinating to squeeze retail traders.
On the daily chart, BTC closed in the red, while ETH closed in the green; ETH formed a clearly visible doji cross star. Even though BTC's lower wick is relatively long, it still falls into the doji cross-star pattern. BTC on the daily is closing a doji cross star near the upper band of the Bollinger Bands, warning of a short-term rebound and a possible counterattack by shorts! Keep laying plans to short from the high and wait to “eat meat”!
7.23 short setup:
BTC short on a rebound at 66,500–67,000, with defense around 67,500. Targets at 65,000–64,500–64,000. If it breaks down, look at 63,500–63,000–62,500–62,000. Continue to move the stop-loss and take profit as appropriate!
ETH enter at the current price 1,940–1,960, with defense around 1,990. Targets at 1,850–1,820–1,800. If it breaks down, look at 1,750–1,720. Continue to move the stop-loss and take profit as appropriate!
7.23 long setup:
BTC pullback buy at 61,500–62,000, one lot, with defense around 60,500. Targets at 63,000–63,500–64,000. If it breaks down, look at 64,500–65,000.
ETH pullback buy at 1,700–1,730, one lot, with defense around 1,640. Targets at 1,750–1,780–1,800. If it breaks down, look at 1,830–1,850.
The US-Iran situation keeps escalating, but the coin price has stayed in high-level consolidation, slowly climbing. It’s clear that 🐶 whales are jointly trying to eat up the short positions—or at least trying to scare shorts out. Chasing longs will definitely only grab a bit of small space; only shorting has a chance to take a big “meat” move. So, shorts only!