Wednesday, where is the Air Force? Dare you still short?

The US and Iran have already confirmed the time for a new round of negotiations is tomorrow the 16th. This time, do you think you can reach an agreement and talk it through? I think the probability of this time succeeding is still very low, because the root core issue is “enriched uranium.” This is the bottom line for both sides. Iran will not easily give up on becoming a nuclear power, so there’s a chance that a market plunge could be triggered again then.

From a technical structure perspective, Bitcoin is under pressure and holding below the previous high in the 76000 area. This position is strong resistance on the large cycle. The second attempt has also failed to break through and continue—so at this point, you can’t keep blindly chasing higher prices. The upside space is limited before there’s an effective breakout. Today’s thinking is very clear: still focus on going short from the high end. Once a pullback forms as a trend develops, first look at 7w below.

Bitcoin: Refer to the 74700-75200 range to short, target 72600. If there is a breakout, reduce positions and then look at 70200.

Ethereum: Refer to the 2345-2375 range to short, target 2250. If there is a breakout, reduce positions and then look at 2155.

Pay attention: Only for swing shorts choose to reduce positions before looking lower; for short-term trades, when price reaches the target area, you can steadily take profits. I am Xiao Wandong, a professional and steady trader. If you can’t manage your own trades well, you can follow Guang. #Gate13周年