The Iranian Supreme Leader is succeeded by the son of Khamenei; beware of the continuation of the bear market! 3.9 Bitcoin Auntie's Trading Strategy



As Mujetaba is appointed as Iran's new Supreme Leader, Tehran sends a message to Washington through a power transfer: resistance has no end. As the preferred figure of the Revolutionary Guards and a "mini Supreme Leader" for years, 56-year-old Mujetaba ascends with family and national grievances, locking Iran onto a hard confrontation trajectory. In the short term, the Iran situation is unlikely to ease, but the cryptocurrency prices don't seem to be falling much; perhaps due to instability, institutional big players are treating virtual currencies as safe-haven assets!

Daily chart shows four consecutive bearish candles; the price has already broken short-term support. After closing lower this morning, it rebounded, breaking below the hourly Bollinger lower band, but the four-hour indicator is clearly bullish, so weekend longs can be held, and those who haven't entered can retrace and continue to position!

3.9 Long Entry Strategy

Buy Bitcoin at current price of 66,000-66,500, conservative traders can enter around 65,500, with a stop around 65,000. Target near 68,000-69,000, and if broken, look at 70,000-71,000. Continue to move stop-loss accordingly based on situation!

Buy Ethereum at 1900-1930, with a stop around 1860. Target near 1950-1980-2000, and if broken, look at 2030-2050-2080. Continue to move stop-loss accordingly based on situation!

3.9 Short Entry Strategy

If Bitcoin rebounds to 70,500-71,000, consider shorting; conservative traders can enter around 71,000, with a stop near 72,000. Target near 69,000-68,500-68,000, and if broken, look at 67,000-66,500-66,000. Continue to move stop-loss accordingly based on situation!

Ethereum short at 2030-2060, with a stop around 2170. Target near 1970-1950, and if broken, look at 1930-1900. Continue to move stop-loss accordingly based on situation!

Over the weekend, all Bitcoin short positions are closed. The long strategy can also hit targets precisely, but the volatility is not high, so profits are limited. Long positions with a break-even stop can be considered if opportunities arise. Without positive support, the bulls are temporarily powerless. Although the market performance is decent, the unstable Middle East situation remains a big risk!#2月非农意外负增长
ETH4,32%
BTC2,8%
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ConanTrendIsKingvip
· 15h ago
Weekend Bitcoin short positions have been closed. Providing a bullish strategy can also hit accurately, but the volatility is not significant, and the gains are limited. Long positions may have the opportunity to include a breakeven stop-loss. Without positive news to support the bulls, they currently appear weak. Although the market performance is relatively decent, the instability in the Middle East is a major risk!
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