Is Trump being played? He admitted defeat yesterday, but Iran is not backing down! They’ve started fighting again. How should Bitcoin be handled? Let’s take a look.

1. Just now, believing the rumors of Trump’s surrender, the 3 oil tankers attempting to pass through the strait were attacked by Iran. All crew abandoned ship and fled. Nearly two weeks into the war, no Western oil tanker has been able to pass through the strait. Is oil prices about to surge again?

2. Now, Bitcoin’s trend is basically no longer following the candlestick charts; it’s moving daily with Trump and oil prices. Yesterday, Trump admitted defeat, oil prices plummeted 30%, and Bitcoin surged 10%. But when the market looked back, the situation hadn’t improved; countries’ oil reserves are nearing depletion.

3. Our more rational approach now is to set short positions at multiple resistance levels for BTC. Although the Middle East is highly uncertain, the Federal Reserve not cutting interest rates on March 18 is a definite negative, making it a good opportunity for us to position.

4. Currently, Bitcoin’s resistance levels are around the previous peaks at 72,000 and 74,000. Reaching 77,000 is uncertain unless Trump truly declares a ceasefire. Strong support levels are around 68,000; if it drops to this level, I’ll add a long position to catch a rebound. The current support at 69,200 is somewhat helpful but not strong enough; 68,000 would be a safer choice.

5. The market has been extremely chaotic these days, stirred up by Trump and Iran, causing turmoil not only in Bitcoin but also in oil and US stocks, which have been wildly fluctuating. Truly exhausting for everyone.

Our trading should also be more conservative, operating with lower leverage. But the overall logic remains unchanged: it’s still a bear market. The rebound can be used to gradually set up some long-term short positions. I have patience; a further decline is just a matter of time. When that happens, it will be our moment to harvest!#伊朗在霍尔木兹海峡布设水雷