If Iran’s conditions are not met, it will directly escalate the conflict—boldly hold your short positions! 8.14 BTC and ETH outlook

An adviser to Iran’s Supreme Leader posted on social media on the 13th that if Iran’s proposed conditions are not met, the Supreme Leader has made a clear strategic decision to respond by escalating the conflict. Mokhber said that the current situation has demonstrated that the United States lacks the ability to protect its Persian Gulf allies. He also said that the most lasting way to establish a new regional order is to promote the implementation of the “Hormuz Economic Security Mechanism” in order to reduce dependence on U.S. military protection.

After four consecutive bearish candles on the daily BTC chart, the price pulled back as expected. However, it formed a very standard doji this morning. The Bollinger Bands are widening, the three KDJ lines have formed a death cross and are diverging downward, and the MACD has formed a downward death cross. Trading volume increased slightly, and coins have frequently been transferred into exchanges, most likely in preparation for a sell-off. However, if it closes as a doji without a sell-off, a rebound is highly likely, so it may be worth placing some long orders near the low.

8.14 short strategy:

Short BTC if it rebounds to 64500-65000; conservative traders can short at 65500-66000, with defense near 66500. The targets are around 64000-63500-63200. If the breakdown continues, look toward 62800-62500-62200; if it breaks down further, trail the stop-loss to lock in profits as the situation develops.

Short ETH if it rebounds to 1900-1920; conservative traders can enter at 1940-1970, with defense near 2000. The targets are around 1870-1850-1820. If the breakdown continues, look toward 1800-1770; if it breaks down further, trail the stop-loss to lock in profits as the situation develops.

8.14 long strategy

Open one long BTC position if it pulls back to 61500-62000, with defense at 60500. The targets are around 63000-63500; if it breaks through, look toward 64500-64500, and if the breakout continues, trail the stop-loss to lock in profits as the situation develops.

Open one long ETH position if it pulls back to 1800-1820, with defense near 1770. The targets are around 1860-1890; if it breaks through, look toward 1900-1920, and if the breakout continues, trail the stop-loss to lock in profits as the situation develops.

The price has been consolidating within this range for more than a month, mainly because liquidity has been deteriorating. At present, there are indeed no major positive catalysts, and the U.S.-Iran situation is clearly a major risk. Therefore, continue to focus on selling into rebounds as the overall strategy! The major market move in the second half of the year is about to begin, and several slots for long-term strategies are now available!