The US launches a new round of airstrikes on Iran—shorting to profit continues! 7.8 BTC and ETH outlook

The fragile US-Iran ceasefire faces a major test. The US has not only launched a new round of airstrikes on Iran, but it has also revoked sanctions exemptions that allowed Iran to sell oil, directly targeting the Strait of Hormuz commercial ship attack incident. US military strike operations are still ongoing. This round of strikes is 4 to 5 times larger in scope and force than the previous one 10 days ago. The short entries pointed out yesterday were extremely accurate—those who followed could have captured several rounds of gains. For those who didn’t get on the train, you can simply keep your position for the rebound opportunities!

After six consecutive bullish daily candles, a bearish close came as expected. The Bollinger Bands are contracting, the KDJ fast line is slowing, and the three lines at high levels are turning downward, showing signs of a potential death cross. Therefore, the intraday plan remains unchanged: continue to short on rebounds. Be cautious when trying to pick the bottom!

## 7.8 Short Position Plan:

For BTC: Continue short at 63,500–64,000. Add to the short at 64,500–64,800. Place your defense around 65,500. Targets are around 62,500–62,000. If it breaks down, look for 61,500–61,000–60,500–60,000. Continue moving the stop-loss and take profit based on conditions!

For ETH: Continue short at 1,780–1,800. Add to the short at 1,830. Place your defense above 1,850. Targets are around 1,750–1,730–1,700. If it breaks down, look for 1,650–1,630–1,600. Continue moving the stop-loss and take profit based on conditions!

As mentioned yesterday, the “strong pull-up” is just a brief flash—this was also said in previous posts. The US-Iran negotiations will definitely not be that easy to conclude; this is a big risk. Sure enough, the strikes came again. Iran will definitely not just give up. Keep the patience for your short entries—if you haven’t entered yet, choose the right time to enter! #美伊战争