The escalation of the Israel-Palestine conflict, midnight short orders have been executed, patiently waiting for a breakout! 5.6 Bitcoin Aunt's trading strategy

In March this year, after the US-supported ceasefire agreement broke down, Israel resumed its offensive. Since then, it has implemented an aid blockade, and the United Nations has warned that 2.3 million people are on the brink of famine. The Israel-Palestine conflict continues to escalate! The short orders for continued rebounds given at midnight have been executed, Bitcoin at 95000, Ethereum at 1830. Currently, there are small profits!

From a technical perspective, the daily line closed with a gain, settling below the MA10, the MA5 has turned down, the Bollinger Bands are gradually narrowing, the KDJ has a dead cross diverging downward, the KDJ three lines at high levels have initially formed a dead cross downward, bearish volume is starting to show, and the daily outlook remains bearish!

With the escalation of the Israel-Palestine conflict and the market's constantly declining expectations for the Federal Reserve to cut interest rates, Conan believes there is a risk of funds fleeing in the future. Thus, for intraday operations, Conan suggests focusing on shorting at high levels! The upper resistance levels to watch are Bitcoin at 95500, 96500, 97500, and 98000, while the lower supports are at 93400, 92700, 92300, 91600, and 90500.

5.6 Bitcoin trading strategy: Aggressive traders should enter short at the rebound of 95000-95300, while conservative traders should enter at 95500-95800, with a stop loss above 96300, targeting around 94000-93500-92700, and if broken, look at 92000-91000-90500 for further holding!

5.6 Ethereum trading strategy: Aggressive traders should enter short near the rebound of 1830, while conservative traders should enter near 1850, with a stop loss around 1880, targeting around 1780-1750-1720-1700, holding if broken based on the situation!

Long position strategy: The US stock market is relatively strong, and the limited outflow of funds means the price drop of cryptocurrencies is limited. For intraday trading, Bitcoin should be bought on the first pullback to 82700-83000, with a stop loss around 82200, targeting around 84000-84500-84800, and holding if broken based on the situation!

Ethereum should enter on the first pullback to 1730-1750, with a stop loss around 1700, targeting around 1780-1800-1820, holding if broken based on the situation!

This wave of pullback has been precisely controlled, and the cryptocurrency price has already pulled back over four thousand points from the high. Yesterday's trailing stop loss was forced to take profit over three thousand points. Currently, the market remains weak, so it is still primarily focused on shorting. Everyone should be cautious about chasing the rise!