$BTC Wednesday, the rebound is not broken, so don't establish long positions; test the highs and go short!

In the past two days, influenced heavily by the US and Iran situation, it's hard to know which news to trust. Everyone says they’ve gained an advantage, and that the fighting will end soon. A small trigger can cause a big reaction, and the crypto market has been greatly affected. Yesterday, it directly rebounded from 67,000 to 720,000. The reasons are twofold: the news of a ceasefire and the impact of the Strait of Hormuz closing, which has triggered global inflation fears and led to expectations of rate cuts.

However, today Iran launched another attack, the largest one yet, targeting US military bases directly. The market responded quickly, pulling back after reaching the 72,000 level. If there are two more rounds of back-and-forth in the next couple of days, the trend could return to the 65,000 range. For today, short-term bearishness suggests not chasing rallies; a decline is inevitable! Overall, the range-bound pattern remains unchanged. Resistance at 74,000, support at 65,600. In the afternoon, it’s recommended to short in the 70,600-71,200 zone, looking for a pullback to 67,600-65,800.

Ethereum, compared to Bitcoin, shows a relatively weaker rebound strength and has not exhibited a rally to catch up. In the short term, focus on the 1,960 support level. It’s not eager to rise on its own, so mainly follow Bitcoin’s trend and go short together!

Due to health issues these days, I’ll share only text updates for now, and live streams will be temporarily paused. Once I regain my energy, I’ll be back, friends! $ETH #伊朗在霍尔木兹海峡布设水雷