Middle East tensions ease, and crypto prices rebound again—be careful not to chase the rally! 7.27 BTC and ETH trading ideas

The opportunity for a new ceasefire agreement between the US and Iran seems to be rising again, as reports say Trump has decided to pause recent strike actions against southern Iran. In the prediction market Polymarket, traders believe the probability of achieving a ceasefire before August 31, 2026 has reached 75%. But now, Conan thinks it’s difficult to resolve the conflict through negotiations—although both sides are finding it hard to keep dragging things out, there are just too many issues involved. Admitting defeat is absolutely not the usual way these two countries do things. So everyone, be cautious when chasing!

It has to be said that for more than two months, it has been rising every Monday. Today is no exception. Ethereum has already recovered last week’s losses, and BTC has also recovered most of the “territory lost.” But the MACD basically has no volume expansion—if prices rise on weak volume, watch out for a bearish rebound!

## 7.27 Short-sell ideas:

**BTC:** Short at 65,500–66,000. For steadier traders: enter at 66,500–67,000. Defense around 68,000. Targets around 64,000–63,500–63,000. If it breaks down: look around 62,500–62,000. If it continues to break, move the stop-loss and take profit as appropriate!

**ETH:** Short at 1,960–1,970. For steadier traders: enter at 2,000–2,030. Defense around 2,060. Targets around 1,900–1,850. If it breaks down: look around 1,820–1,800–1,770. If it continues to break, move the stop-loss and take profit as appropriate!

## 7.27 Long ideas:

**BTC:** On a pullback, go long 61,500–62,000 for one lot. Defense around 60,500. Targets around 63,000–63,500–64,000. If it breaks through: look around 64,500–65,000–65,500.

**ETH:** On a pullback, go long 1,730–1,750 for one lot. Defense around 1,700. Targets around 1,780–1,800–1,830. If it breaks through: look around 1,850–1,880–1,900.

Crypto prices are tough/strong, but there’s no real positive catalyst to lift the price. So shorting at high levels is undoubtedly the best opportunity. Going long now won’t have much room anyway. Better to wait until there’s a big positive catalyst (for example, if the US and Iran have talked it out) before chasing longs! If no big positive news comes out, just short at the highs!