Market Outlook:

Last Friday, the Strait of Hormuz opened, and Bitcoin's price surged directly, reaching a high of around 78,300, successfully triggering a lot of short positions. Then it announced closure, and the price dropped sharply from the high, hitting a low of around 73,600 in the morning, also triggering a lot of chasing long positions. The world is just a grassroots stage; no matter how much analysis or how good it is, it can't compare to one unreliable sentence... Manage risks, reduce positions, strictly cut losses, survive first, then seek development!
Weekly K three consecutive positive candles, last week closed with an inverted hammer bullish candle, testing the middle band resistance. Daily K, over the weekend, closed with consecutive bearish candles, KDJ and RSI at overbought levels turning downward, MACD bullish momentum continues to shrink, the overall trend remains bearish. Only when the weekly K level stabilizes above the middle band resistance can a large bullish trend be considered.
In the short-term 4-hour timeframe, retracement tests the lower band support, but failed to break it effectively. Currently rebounding, focus on the middle band resistance during the rebound. For intraday trading, mainly shorting on rallies, watch for resistance at 75,000, 76,000, and 77,000. Enter short positions around these levels. Support levels are at 74,000, 73,000, and 72,000.
Ethereum is currently around 2,300, with resistance at 2,350, 2,400, and 2,450. Short entries around these levels. Support levels are at 2,250, 2,200, and 2,150. #What will be the next development of the US-Iran conflict?