On the 23rd, a senior Iranian official stated that the U.S. President has no authority to set conditions or deadlines for negotiations. The official indicated that Iran and the United States have been exchanging messages through Egypt and Turkey to ease tensions, but the U.S. has not yet accepted Iran's two core conditions: compensation for losses and acknowledgment of violations against Iran. The official also stated that the issue of closing the Strait of Hormuz and laying mines remains among Iran's preparation options for responding to potential actions. On the 23rd, Iran's Foreign Ministry spokesperson Baghaei said that Iran received messages from some friendly nations in recent days regarding the U.S. request to end the war through negotiations, and responded appropriately based on principled positions, without conducting any direct negotiations with the United States. Yesterday, after Iran's response indicated no direct U.S. contact, a short selling strategy was provided that could easily capture 50-60 points on Ethereum and over 1,000 points on Bitcoin!

The daily chart printed a positive candle this morning, with the rebound blocked at the 60-day moving average. The coin price has been running below the 10-day moving average this morning. Combined with unsuccessful negotiations, the bearish outlook remains unchanged. For intraday operations, it is recommended to focus mainly on shorting on rebounds, with long positions as secondary strategy!

3.24 Short Strategy

Bitcoin rebound 71000-71500 go short, conservative traders enter near 72000, stop-loss above 72500, targets around 70000-69500-69000, if broken, watch 68500-68000, continue to move stop-loss to protect profits based on conditions!

Ethereum rebound 2170-2200 enter short, conservative traders enter near 2230, stop-loss above 2270, targets around 2120-2100, if broken, watch 2070-2050-2020, continue to move stop-loss to protect profits based on conditions!

3.24 Long Strategy:

Bitcoin pullback 67500-68000 long one position, stop-loss near 67000, targets around 69000-69500-70000, if broken move stop-loss to protect profits based on conditions!

Ethereum pullback 2000-2030 long one position, stop-loss near 1960, targets around 2070-2100-2130, if broken move stop-loss to protect profits based on conditions!

Trump unilaterally announced it's about to end soon, but Iran immediately contradicted him afterward. Iran is being very tough this time, just waiting to see if Trump will compromise. Once he compromises, coin prices could very likely surge again, so pay close attention to the negotiation developments! #Gate13周年全球庆典