Recently, the tense situation in the Middle East has brought a huge impact on global financial markets. Just tonight, a major piece of news has once again drawn widespread attention from the market: the Iranian parliament has approved the closure of the Strait of Hormuz. The Strait of Hormuz is the only maritime exit for the Persian Gulf, holding an extremely important strategic position, with about 20% of the world's oil and gas exports transported through here. Once this Strait is blocked, international oil prices are likely to soar dramatically in the short term, having a profound impact on the global energy market and economic situation.
However, Iran itself relies on the Strait of Hormuz for about 60% of its oil exports. Blocking the Strait would undoubtedly be equivalent to cutting off its main economic lifeline, which could lead to Iran facing diplomatic isolation internationally and even military strikes from the U.S. Looking back at 2019, Iran had also made similar threats but ultimately did not act on them. This shows that the proposal to close the Strait faces many obstacles and is fraught with uncertainty in terms of actual execution.
Currently, the escalating tensions in the Middle East are continuously driving up the market's risk-averse sentiment. Investors are choosing to sell off risk assets to avoid potential risks, which has directly led to a collective plunge in the cryptocurrency market. In this context, Yan Ling solemnly reminds all investors to ensure proper stop-loss and risk control while conducting investment operations, and to respond cautiously to market fluctuations.
From the analysis of the market trends, the daily level shows that the price has continuously closed in the red recently, consistently retreating from high positions, forming a clear downtrend. Yesterday, the price plummeted significantly, with the K-line showing a long upper shadow and a large-bodied bearish candlestick, indicating the strong power of bears. At the hourly level, the price is currently oscillating around 99,000, but overall it remains in a weak consolidation state after a low rebound.
From a technical indicator perspective, the hourly MACD histogram continues to be negative, and both DIF and DEA are operating below the zero axis, clearly indicating that bear forces currently dominate; the daily MACD is also in a death cross state, continuing the downward trend. The hourly RSI value is 25.74, nearing the oversold range, suggesting a potential rebound demand in the short term; although the daily RSI value has not entered the oversold area, it shows signs of weakness. The hourly EMA7, EMA30, and EMA120 present a bearish arrangement, with prices repeatedly hindered by EMA7, indicating relatively high short-term pressure; the daily EMA is also in a bearish arrangement, with EMA30 obviously suppressing the price.
Considering the current market situation, the market's selling sentiment remains strong in the short term. Therefore, it is recommended that everyone primarily take short positions in their operations, but at the same time remain rational, avoiding greed, taking profit when it is good, and preventing being trapped by possible rapid rebounds in the future.
The following are the specific operational strategies for Bitcoin and Ethereum on June 23:
Bitcoin operational strategy on June 23:
1. When the price is in the range of 101,500 - 100,500, short positions can be considered, with a stop-loss set above 102,500, and a target price of 97,000 - 96,000. If the price continues to break down, look towards the vicinity of 94,000.
2. When the price is in the range of 98,000 - 99,000, a light long position can be taken, with a stop-loss set below 97,000, and a target price of 100,200 - 101,300.
Ethereum operational strategy on June 23:
1. When the price is in the range of 2320 - 2290, a short position can be taken, with a stop-loss set above 2350, and a target price of 2120 - 2090.
2. When the price is in the range of 2050 - 2080, a long position can be taken, with a stop-loss set below 2010, and a target price of 2160 - 2190.
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