Escalation of the Israel-Iran Conflict, Be Cautious of Short Selling! 6.17 Bitcoin Trading Strategy

In the early hours of the 17th, news from Iran reported explosions in the eastern part of Tehran, with the air defense system activated to intercept aerial targets. Shortly thereafter, reporters in Tehran heard intense gunfire. Around 7 AM, explosions were also reported in Ukraine's Zaporizhzhia region. It seems Iran has begun to counterattack. Last night, the cryptocurrency price broke through the stop-loss level provided, and seeing the situation, this trade has already had its stop-loss removed; this morning's waterfall can be considered as having been held back. Ethereum's stop-loss at 2580 was swept, while Bitcoin is still being held!

Geopolitical risks are increasing. Although US stocks were strong yesterday, cryptocurrency prices also rose, mainly due to significant inflows in the ETF market. Capital has controlled the entire market; the daily close is undoubtedly a signal of a trend change. The Bollinger Bands are still slowly contracting, and combined with the weekly doji star, if there is no interest rate cut this week, the price could break through the daily 60-day moving average near 101600. Therefore, we firmly hold a bearish outlook this week! Key resistance levels to watch are 109200, 110000, and 111000. Key support levels to watch are 106000, 105000, 104000, 103000, 102000, 101000, and 100000.

6.17 Bitcoin Trading Strategy: Aggressive traders should short at 107700-108000, and conservative traders should enter at 108500-109000, with a stop-loss near 109500, targeting around 106000-105000. If broken, watch for 104000-103000-102000. Continue to hold based on the situation!

6.17 Ethereum Trading Strategy: Aggressive traders should short at 2600-2630, and conservative traders should enter at 2650-2680, with a stop-loss near 2700, targeting around 2550-2500-2470-2450. If broken, watch for around 2430-2400. Continue to hold based on the situation!

Long Position Strategy: For Bitcoin, enter one position long during intraday dips at 102500-103000, with a stop-loss at 102000, targeting around 104000-104500-105000. If broken, continue to hold based on the situation!

For Ethereum, enter one position long during dips at 2430-2450, with a stop-loss near 2400, targeting around 2480-2500-2540. If broken, adjust the stop-loss based on the situation!

Geopolitical risks are increasing, and protests against Trump's unilateralism are also escalating. It is still unknown how this will evolve. The market expects that the Federal Reserve's decision this week will remain unchanged. Therefore, the main outlook is bearish; the higher it goes, the harder it will fall! $BTC #Metaplanet增持比特币 #以色列伊朗冲突