Good morning everyone, a new week, a new beginning~



Following the failure to reach a basic consensus in the first round of US-Iran negotiations on Saturday, the market has pulled back accordingly, and now it has entered a quiet state, waiting for further developments from the US-Iran situation. This week, attention should be on Lebanon's negotiations in the US; personally, I don't expect much positive outcome.

At the same time, the two-week ceasefire between the US and Iran has also passed the halfway point. I believe that due to many disagreements, it will be difficult to organize a second round of negotiations. The market has expectations, but we need to be prepared: once the ceasefire pause ends, how will the US and Iran proceed? Will they continue the war or extend the ceasefire to push for a second round of negotiations? We have to watch as things unfold. The current US-Iran situation remains not very optimistic.

Therefore, I strongly recommend maintaining a cautious stance in trading this week. With no clear signals from the US and Iran and many uncertainties, our trading strategy remains unchanged—short-term swing trading only. By the way, the market has been oscillating sideways for these months. Without the impact of US-Iran conflict, honestly, it might be about time for a rally, and holding steady is not easy.

Today, the market continues its oscillating trend, with a short-term fluctuation range of 69,500-72,500. Ethereum's fluctuation range is 2,130-2,250, and SOL's is 79-84.

Short-term contract strategies:
BTC: Buy on dips around 70,000, take profit at 72,000
Otherwise, short at 72,000 or sell on rallies, take profit at 70,000

ETH: Buy on dips around 2,150, take profit at 2,250
Otherwise, short at 2,250 or sell on rallies, take profit at 2,150

SOL: Buy on dips around 80, take profit at 84
Otherwise, short at 84 or sell on rallies, take profit at 80

Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Don't be greedy; lock in profits and avoid holding onto losing positions. Better to take small losses than fight against the trend. If the direction is correct, hold on.
BTC4,79%
ETH5,66%
SOL4,44%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin