🔴｜Ceasefire? Structural confirmation point retest
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Ceasefire with Iran? One moment saying strike, the next saying ceasefire. Israel, Trump, Iran, none of you three are trustworthy; I don't believe a word of it.
The overall trend has already moved out of a bearish phase, and it's hard to reverse in the short term. The current rebound and repair provide an opportunity to set up short positions.
Don’t overly focus on news; today they say ceasefire, then tomorrow another few missiles fly. The ones getting hurt aren’t just Iran, but also your wallet.
It’s worth mentioning that Ethereum just made a slight recovery, and now it's weak again. Remember on the 20th when BTC retraced to 106,000, Ethereum followed and retraced to 2,558, and I was short on both sides.
Now BTC has returned to 106,000, while Ethereum is still at 2,400. It's quite clear which is stronger and which is weaker, right? When to go long and when to go short, I don’t need to say more.
Currently, ETH shorts are ambushed at 2,490. Keep an eye on the resistance level at 2,500. If it can’t break through or makes a false breakout, then shorting it will be the end of it.