Negotiations are still ongoing; frequent changes in position mean the bulls are not persisting—waiting quietly for the deal to be finalized! 6.1 Trading Plan

According to Iran’s Tasnim News Agency, Iran will make new revisions to the text of any possible memorandum of understanding. U.S. media reports say “Trump,” the “deal maker,” has proposed new revisions to the existing text, but Iran says: “The exchange of texts is still ongoing. Iran may make its own revisions to the text. Right now, nothing has been finalized.” An insider emphasized: “For Iran, the standard is the text we accept ourselves. The fact that the ‘deal maker’ implements revisions does not mean Iran accepts those revisions.” At the same time, it was emphasized that Iran has made sufficient preparations in case misunderstandings arise. The negotiations on both sides are still continuing, and the market is clearly showing signs of stopping the selloff, but the negotiation process has stalled; the bulls have not gained momentum. On Friday and Saturday, long positions were able to take a bit of small profit. They had intended to hold with a bigger mindset, but even with the use of Poly for protection and stop-loss, they were still swept out!

The coin price on the daily chart is consolidating in a low-range, but bullish support has not been sustained—there’s no continuing positive catalyst. The KDJ’s three lines are diverging downward after a bearish crossover, and the MACD is trending downward in both directions, but volume has only slightly contracted. Bearish pressure has eased somewhat. In the near term, it may be worth continuing to lie in wait with longs at low levels, quietly waiting for the negotiations to send out positive news to boost the market!

6.1 Long Position Ideas

For Bitcoin, if it retraces to 72500-73000, continue going long. If you have a position, enter in batches. Place defense below 71000. Targets are around 75000-76000-77000. If it breaks through, look at 78000-79000-80000. Continue moving the stop-loss to Poly depending on the situation!

For Ethereum, if it retraces to 1960-2000, continue going long. If you have a position, enter in batches. Place defense below 1900. Targets are around 2050-2100-2150. If it breaks through, look at 2200-2230-2250. Continue moving the stop-loss to Poly depending on the situation!

6.1 Short Position Ideas

For Bitcoin, short one position at the rebound 78000-78500. Place defense near 79000. Targets are around 77000-76500-76000. If it breaks through, look at 75500-75000. Continue moving the stop-loss to Poly depending on the situation!

For Ethereum, short one position at the rebound 2200-2230. Place defense near 2260. Targets are around 2150-2100. If it breaks through, look at 2070-2050-2030. Continue moving the stop-loss to Poly depending on the situation!

For now this year, the crypto market has no clear bullish catalyst. The probability of the Federal Reserve cutting interest rates is too low. Although the labor market performance is good, inflation is still high, and the Fed’s current dilemma has not been satisfactorily resolved. So, it’s best to focus more on the Iran-U.S. negotiations. If they succeed, the coin price will definitely see a fairly large rebound! #成长值抽奖赢金条