#美军打击伊朗 Bitcoin market is still running into unexpected twists and turns!
In the crypto space: On May 25, according to monitoring, a certain giant whale used $16.71 million to buy 7,908.3 ETH at a price of $2,113.
On May 26, according to monitoring, a certain whale opened more than $100 million worth of ETH short positions yesterday and closed them out after incurring a loss of $260,000. After that, it switched to going long on BTC, opening a 175.04 BTC long position worth approximately $13.43 million, with an average price of 76,725.
Market:
1 On May 26, according to Iranian official media cited by a Monday official report, after nearly 90 days of network disruptions, Iranian President Pezeshkian has ordered the restoration of international internet access. It is still unclear what mechanism Iran will use and when it will reconnect to the global network. Most Iranians have already been unable to access the global internet for 87 days.
2 U.S. Central Command: In southern Iran, in self-defense strikes, the U.S. military struck targets including missile launch sites, and also Iranian ships attempting to lay mines. At present, it is reported that two Iranian mine-laying ships were sunk in the Strait of Hormuz.
3 On May 26, according to CCTV, both the U.S. and Iran in recent days have said that negotiations have made progress, but it is uncertain whether an agreement can ultimately be reached. Experts believe that neither side has made substantive concessions on key issues, and there remains significant uncertainty as to whether the negotiations can yield results. Overall, the macro market sees unexpected twists and turns in U.S.-Iran negotiations, and the market has fallen into tension.
Against this backdrop, Bitcoin buying actions need to be cautious. You should wait to enter only after the retracement has been backtested and digested. Shorting near resistance levels better fits the current market environment!
Daily level: The coin price’s attempt to break through 78,000 failed and it fell back again. The current price is also below the 5-day moving average, further increasing the risk of downside. The Bollinger Bands’ three lines also show a downward tilt. The 76,000 psychological integer level is currently an important psychological line of defense for the bulls. If that level is broken, the scenario of the price accelerating into a sharp plunge must be guarded against. Overall, shorting is the primary approach; buying actions should at least be near support levels and with a light position!
On the upside: For initial resistance, watch around 78,430 near the 30-day moving average. For further resistance, watch around 80,000 near the 8万 integer level.
On the downside: For initial support, watch around 74,741 near the lower Bollinger Band. For further support, watch around 73,666 near the April 20 low!
In the crypto space: On May 25, according to monitoring, a certain giant whale used $16.71 million to buy 7,908.3 ETH at a price of $2,113.
On May 26, according to monitoring, a certain whale opened more than $100 million worth of ETH short positions yesterday and closed them out after incurring a loss of $260,000. After that, it switched to going long on BTC, opening a 175.04 BTC long position worth approximately $13.43 million, with an average price of 76,725.
Market:
1 On May 26, according to Iranian official media cited by a Monday official report, after nearly 90 days of network disruptions, Iranian President Pezeshkian has ordered the restoration of international internet access. It is still unclear what mechanism Iran will use and when it will reconnect to the global network. Most Iranians have already been unable to access the global internet for 87 days.
2 U.S. Central Command: In southern Iran, in self-defense strikes, the U.S. military struck targets including missile launch sites, and also Iranian ships attempting to lay mines. At present, it is reported that two Iranian mine-laying ships were sunk in the Strait of Hormuz.
3 On May 26, according to CCTV, both the U.S. and Iran in recent days have said that negotiations have made progress, but it is uncertain whether an agreement can ultimately be reached. Experts believe that neither side has made substantive concessions on key issues, and there remains significant uncertainty as to whether the negotiations can yield results. Overall, the macro market sees unexpected twists and turns in U.S.-Iran negotiations, and the market has fallen into tension.
Against this backdrop, Bitcoin buying actions need to be cautious. You should wait to enter only after the retracement has been backtested and digested. Shorting near resistance levels better fits the current market environment!
Daily level: The coin price’s attempt to break through 78,000 failed and it fell back again. The current price is also below the 5-day moving average, further increasing the risk of downside. The Bollinger Bands’ three lines also show a downward tilt. The 76,000 psychological integer level is currently an important psychological line of defense for the bulls. If that level is broken, the scenario of the price accelerating into a sharp plunge must be guarded against. Overall, shorting is the primary approach; buying actions should at least be near support levels and with a light position!
On the upside: For initial resistance, watch around 78,430 near the 30-day moving average. For further resistance, watch around 80,000 near the 8万 integer level.
On the downside: For initial support, watch around 74,741 near the lower Bollinger Band. For further support, watch around 73,666 near the April 20 low!
