With the escalation of the conflict in Israel, short positions are coming in, be cautious when buying the dip! 6.17 BTC ETH strategy

On the early morning of the 17th, news was received from Iran that explosions were heard in the eastern part of the capital Tehran, and the air defense system had been activated to intercept airborne targets. Shortly thereafter, reporters in Tehran heard intense gunfire. Around seven o'clock, explosions were also heard in Zaporizhia Oblast, Ukraine. It seems that Iran has begun to retaliate. Last night, the price of coins surged past the stop-loss level that was set; noticing that the situation was not right, this order has already canceled the stop-loss, and this morning's plunge can be considered recovered. ETH's stop-loss at 2580 was swept, and BTC is still being held!

Geopolitical risks are escalating. Although U.S. stocks were strong yesterday, cryptocurrency prices also surged, mainly due to significant inflows into the ETF market. Capital controls the entire market, and the daily close undoubtedly signals a change in trend. The Bollinger Bands are still slowly narrowing, and combined with the weekly doji star, if interest rates do not decrease this week, cryptocurrency prices are expected to break above the daily 60-day moving average around 101,600. Therefore, I maintain a firm bearish outlook this week! Key resistance levels to watch above are 109,200, 110,000, and 111,000, while support levels below to pay attention to are 106,000, 105,000, 104,000, 103,000, 102,000, 101,000, and 100,000.

6.17 BTC trading strategy: Aggressive traders enter short positions at 107700-108000, conservative traders enter at 108500-109000, with a stop loss near 109500. The target is around 106000-105000, if broken, watch for 104000-103000-102000. Continue holding if it breaks down, depending on the situation!

6.17 ETH trading strategy: Aggressive traders can short positions at 2600-2630, while conservative traders can enter at 2650-2680. Set a stop-loss near 2700 and target around 2550-2500-2470-2450. If it breaks, watch for levels around 2430-2400, and continue to hold if it breaks down further depending on the situation!

Long position idea: During the day, buy one lot of BTC on the pullback at 102500-103000, with a stop loss at 102000, and target around 104000-104500-105000. If it breaks, hold and observe the situation!

Buy the dip for ETH in the range of 2430-2450, with a defense near 2400. The target is around 2480-2500-2540. If the position breaks, adjust the stop loss according to the situation!

Geopolitical risks are intensifying, and protests against Trump's authoritarian parade in the U.S. are also escalating. It's uncertain how it will evolve, but the market expects the Federal Reserve's decision this week to remain unchanged. Therefore, the main strategy is to short positions; the higher it goes, the harder it will fall! #Michael Saylor暗示增持BTC