Hello comrades, I am your good brother Old Chen, also known as Deng Tu, full name Chen Deng Tu.
When Old Chen makes a move, you can tell if it works or not! After enduring the trials of bull and bear markets, Old Chen has honed a unique trading system with strength and experience.
Whether it's spot trading or contracts, Old Chen can always accurately capture the market pulse with Golden Dog's strikes.
As an old retail trader who has gone through countless cuts, Old Chen has finally become a master in versatile trading.
If you don't believe it, come see for yourself on the highway tonight.
Preface
On the night of June 22, the Iranian Parliament's National Security Committee stated it was considering closing the Strait of Hormuz. As soon as the news broke, BTC plummeted from $102,810 to $98,200 (a drop of 4.5%), now rebounding to around $100,800. ETH dropped to $2,111 (four consecutive daily declines), SOL reported $126 (a 24-hour drop of 3.45%), and altcoins generally fell.
The contract market saw liquidation of $658 million in 24 hours (with long positions accounting for $526 million), the largest single liquidation reached $35.45 million.
Core Suspense: Will Iran really close the Strait? The market alarm has not yet been lifted.
One: BTC Today's Trend Analysis
From the weekly perspective, $BTC it hasn't really broken the oscillation range, but there hasn't been significant capital entering the market.
The next 7-8 months are likely to enter a "garbage time"—poor liquidity, low volatility, Bitcoin may gradually test 93,000, altcoins need to be careful of halving.
Strategy Suggestion:
Don't think about making big money in these two months; just survive! Wait for Bitcoin to drop to the 97,000-94,000 range (there's not much support in this interval), and once it breaks 97,000, 93,000 will come in the blink of an eye—only then will it be a good opportunity to buy the dip.
Two: ETH Today's Trend Analysis.
$ETH This dog house is really insidious! A surprise attack at 4 AM directly poked down to 2111 (BTC hasn't dropped as hard as it). But now the daily green channel support is confirmed, it just depends on how high the rebound can reach.
Technical Analysis:
In the rebound from overselling, there are many liquidation positions at 2293 above, expect to touch 2320 first.
If strong, it could reach 2385, but afterwards there is a high probability of a pullback.
Current Strategy:
Don't bet on this price for longs or shorts! The US stock market opens tonight and will still stir up trouble; just watch the show honestly.
Three: [Geopolitical Crisis] Iran's blockade of the Strait threatens to shake the globe! Bitcoin plummeted 4.5% overnight, losing the $100,000 threshold!!!
The Strait of Hormuz, as the global oil lifeline (accounting for one-third of seaborne crude oil), gives Iran the ace of blockade—West Coast islands + missile positions can build a "fire blockade network" at any time. However, experts believe:
✓ Historically, 6 threats have not been executed.
✓ Cutting off their own financial lifeline (energy exports account for the lifeblood of Iran's economy).
✓ Will lose international sympathy.
The US warns: Blockade = Economic Suicide.
[Crypto Market Bloodbath Scene]
BTC: $102,810 → $98,200 (currently rebounding to $100,800).
ETH: Four consecutive daily declines to $2,111.
Total liquidation across the network is $658 million (with long positions accounting for 80%).
Traders are divided:
▶️ Bullish faction: "Panic has been overdone, I bought the dip!"
▶️ Bearish faction: "55% ETH is still profitable, the bottom hasn't been reached yet."
▶️ Wait-and-see faction: "Waiting for Iran to take action within 72 hours."
[Key Support Level]
Bull Market Defense Line: $92,000.
Line of life and death: breaking 81,000 or declaring the end of the bull market.
