Weekend reignites conflict, Iran's Khamenei dies suddenly and strikes back strongly! 3.2 Bitcoin Auntie Strategy

On Saturday, the US launched a surprise attack on Iran, resulting in the deaths of Khamenei and several other leaders. However, Iran responded with a strong counterattack and blocked the Strait of Hormuz. Today, three oil tankers were attacked and damaged along the Persian Gulf coast. Shipping data shows over 200 ships, including oil and liquefied gas tankers, anchored in the Strait of Hormuz and nearby waters. Insurance brokers say that ships sailing into dangerous areas need war insurance, and war insurance premiums are expected to rise by 25% to 50%. Gold, silver, and crude oil opened sharply higher today. After a surge yesterday, crypto prices retraced as expected at midnight, and long positions have been wiped out!

The international situation is unstable, but the retracement in crypto prices is limited. After a downward spike, there was a quick rebound, so it’s not overly bearish for now. Plus, the US seems to want to restart negotiations, so the pullback can still be used to set up long positions!

3.2 Long Position Strategy

Bitcoin retraced to 63,500-64,000. Conservative traders can enter around 63,000, with a stop near 62,000. Targets are around 65,000-66,000-67,000. If broken, look for 67,500-68,000-68,500-69,000, and continue to move stop-loss accordingly based on market conditions!

Ethereum retraced to 1,860-1,900. Conservative traders can enter around 1,820, with a stop near 1,780. Targets are around 1,950-2,000. If broken, look for 2,040-2,080-2,100, and continue to move stop-loss accordingly!

3.2 Short Position Strategy:

Bitcoin rebounded from 70,000 to 70,500. Short near 71,500, targets at 69,000-68,500-68,000. If broken, look for 67,500-67,000-66,500-66,000, and continue to move stop-loss accordingly!

Ethereum rebounded from 2,070-2,100. Short near 2,150, targets at 2,020-2,000-1,960. If broken, look for 1,930-1,900, and continue to move stop-loss accordingly!

Originally, I was planning to take a long position on Saturday’s decline for a long-term hold. Now, I’m mainly watching how Iran’s negotiations with the US develop. If negotiations succeed, there’s a high chance of a rally afterward. So, at low levels, you can try to go long and wait for positive news to push prices higher!