Iran has prepared for the worst. The coin price is consolidating slightly—cautiously chasing the rally! April 11th BTC/ETH trading approach

Iranian Speaker of Parliament Kalibaf said in Islamabad, Pakistan, in the early hours of the 11th local time, that Iran is sincere about negotiations with the United States, but it does not trust the U.S. side because previous negotiations “have always ended in failure and breach of faith.” If the U.S. tries to use this round of talks to put on a show, Iran is prepared to defend its own rights. Kalibaf emphasized that in the upcoming negotiations, if the U.S. truly wants to reach an agreement and respects the rights of the Iranian people, “they will also see our willingness to reach an agreement.” But if the U.S. tries to stage a “show with no results or a deceptive action” during the negotiations, Iran is prepared to defend its own rights. Yesterday, the coin price consolidated slightly and made a round of shorting on a brief dip, only to be swept out while breaking even and stopping losses—at midnight, the idea of continuing to lie in ambush at high levels is currently also in floating profit. Just be patient and hold!

The daily BTC/ETH continues to close with bullish candles. It did not pull back based on technicals, mainly because CPI met expectations, market sentiment began to warm up, and in recent days MicroStrategy has been frequently adding positions to boost sentiment. Although BTC has repeatedly broken through and hit recent highs, the strength of the bulls is also clearly insufficient—possibly because the market does not have too much hope for U.S.–Iran talks. First, look for a small pullback over the weekend!

April 11th Short Position Idea

Short BTC on the rebound from 73000-73500, with defense around 74000. Targets: 72000-71500-71000. If it breaks through, look at 70500-70,000. Continue to move the stop-loss and take profit as appropriate!

Short ETH on the rebound from 2250-2270, with defense above 2300. Targets: 2200-2170. If it breaks through, look at 2150-2130. Continue to move the stop-loss and take profit as appropriate!

April 11th Long Position Idea

Buy BTC on a pullback from 69500-70,000 for one lot, with defense around 68500. Targets: 70500-71000-71500. If it breaks through, look at 72000-72500. Continue to move the stop-loss and take profit as appropriate!

Buy ETH on a pullback from 2120-2150 for one lot, with defense around 2100. Targets: 2180-2200. If it breaks through, look at 2220-2250-2270. Continue to move the stop-loss and take profit as appropriate!

Recently, U.S. data performance has been decent. Market sentiment has warmed up, but liquidity is not large—mainly because the U.S. and Iran are still in negotiations, so the market may also be waiting for specific news. So be more cautious recently: trade with a light position size, and do not hold against the trend! #原油小幅上涨