Wednesday, Iran deceived the whole world, and the shorts were bloodbath

In the early morning, Iran accepted the ceasefire agreement proposed by the US and Israel. Trump posted on social media stating, "I agree to suspend bombing and attacks on Iran for two weeks." Yesterday, the conflict between the two sides was still escalating, but today they are in talks. Iran has fooled the world—didn’t they say they would never admit defeat? This world is truly a big circus.

In the early trading session, Bitcoin jumped over 3,000 points, reaching a high of around $72,700. The sudden surge caused about 120k traders to be liquidated, with a total liquidation amount of $600 million. The shorts were bloodbath. Since this month, the market has been manipulated by the K-line god. Even if prices continue to rise now, don’t chase highs; chasing and then selling off is always a big taboo.

Our short positions were already replenished this morning. Currently, we are trapped about 700-800 points down. The stop-loss isn’t a big issue; it’s just that the Asian and European sessions can be more frustrating. After a big move like this, the market usually consolidates sideways. Be patient and wait for a pullback. Today’s strategy remains mainly short, and the specific plan was given in last night’s analysis. Interested friends can review it.

Bitcoin: Consider shorting around 72000-72500, target 70200, go in lightly, reserve some positions for adding.

Ethereum: Consider shorting around 2270-2250, target 2140, go in lightly, reserve some positions for adding.

That’s all for now. Wishing everyone all the best! #Gate广场四月发帖挑战