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#夏日创作营 Middle East situation once again tightens, bulls and bears are fighting again—how should retail investors position themselves?
The US-Iran conflict has escalated again. Iranian forces have arrived in Yemen, where Houthi and Saudi forces are directly clashing. The Middle East is getting increasingly lively. The current trend is getting more and more tense—what comes next between the US and Israel and Saudi Arabia against the Houthis and Iran is only just beginning.
Especially if the Houthis block the Strait of Mandeb, oil prices will become even more疯狂! When they previously blocked the Strait of Hormuz, the global economy was badly affected. If this time both the Strait of Hormuz and the Strait of Mandeb are blocked, oil could surge wildly, and the crypto market and US stocks would likely see another big drop—so for now, it’s better to wait patiently. Especially with Trump and Iran all day acting like it’s playing house, opening and locking up on and off to keep harvesting!
Now let’s look at the market. The big cake is still in a consolidation range, oscillating roughly between 63,700 and 64,500. Next, focus on the overhead resistance at 64,800. If it breaks through and holds, it’s highly possible to return and hover above 65,000. On the downside, still pay close attention to 63,500. Once it breaks, it’s highly likely to accelerate the selloff. As for ETH, it’s still ranging above 1,850. Next, watch whether it can break above 1,900. After 1,900 holds, then consider whether it can again “eat” the overhead resistance. On the downside, the support at 1,800 only needs to hold. We’re approaching month-end now—wait for the monthly line close, and then the direction will become clear. The market maker is still waiting for the final round of the bulls-and-bears battle before doing an all-kill. With the overall environment not good, it’s better to take profits when you can. When things are uncertain, take a break and wait patiently for the monthly line to close.
The conflict between the US and Iran has escalated again. Iranian forces have arrived, and there are direct clashes between the Houthis and Saudi Arabia in Yemen. The Middle East is getting even more lively; the trend is becoming increasingly tense. The next show involving the US, Israel, and Saudi Arabia versus the Houthis and Iran is only just beginning.
Especially if the Houthis block the Bab el-Mandeb Strait, oil prices will become even more insane! When the Strait of Hormuz was blocked before, the global economy was already badly affected. If both the Strait of Hormuz and the Bab el-Mandeb Strait are blocked this time, oil will surge wildly. The crypto market and the US stock market will then likely see another big drop. For now, it’s still better to wait patiently. Especially with Trump and Iran playing house all day—opening and then blocking again and again, taking turns to harvest!
Now let’s look at the market. BTC is still trading in a consolidation range around 63,700 to 64,500. Next, focus on the resistance level at 64,800. If it breaks through and holds, it will be highly likely to return to hovering above 65,000. On the downside, keep a close watch on 63,500. Once it breaks, it will likely accelerate the sell-off. As for ETH, it is still oscillating above 1,850. Next, we need to see whether it can break above 1,900. After 1,900 holds, then consider whether it can go back up to eat the resistance above. On the downside, support at 1,800 is fine as long as it doesn’t break. With the month-end approaching, wait for the month line to close and the direction will come out. The operator is still waiting for the final round of the bulls-bears game before sweeping everyone out. With the overall environment not good, it’s better to take profits when you can. When things are uncertain, rest and wait patiently for the month line to close.