ETH Morning Strategy

Bulls finally crushed underfoot friction, Middle East situation unresolved, strictly forbidden from bottom-fishing

Middle East situation continues to escalate, Israel attacked causing massive casualties, Iran stated that the battle will enter a new phase. Trump issued a final ultimatum to Iran, demanding unconditional opening of the Strait of Hormuz within 48 hours, otherwise will strike its power plants.

Affected by the situation, the crypto market daily line closed with a yin decline breaking through the stage new low, Bollinger Bands contraction slowed down, KDJ death cross moving down, MACD also formed a death cross, bearish momentum emerging, intraday remains mainly taking profits on rebounds through shorting.

Operation Suggestions
ETH - Rebound in 2100-2150 zone go short, target looking down at 2060-2000, if breaks below look at 1960

The above is a personal viewpoint, for reference only. Specific operations shall be as the main body#Gate 13th Anniversary Global Celebration