Just after one night, the US-Iran talks have once again shown disagreements, and the Strait of Hormuz has been closed again! The market responded with a sharp pullback!

This morning, Persia closed the Strait of Hormuz again, causing crude oil to start a slow rise. BTC/ETH/XAU tested bottom levels overnight. The recent decline in early trading was not accompanied by increased volume. The US-Iran conflict will definitely escalate, but negotiations will also continue. So, for localized conflicts, when news changes three times a day, we just need to watch the indicators closely!
Last night, ETH 2203 long orders hit 2233, securing double profits!
BTC
Support levels: 68800/67135/66050
Resistance: 75475
Currently watching the key level of 70400 from yesterday. It just touched yesterday’s aggressive position. The market is attempting a small rebound in early trading. Those with patience can wait to see if there’s a quick secondary dip opportunity.
ETH
Support levels: 2130/2015
Resistance: 2405
Last night, a small profit-taking move was made within a limited range. Today, continue to follow Bitcoin for trading opportunities.
XAU
Last night, the idea was to short on gold rebound. Currently, gold is consolidating around 4700 after falling back. No short was taken at 4785 last night—too cautious. Reflect on this. The future direction is clearer now. You can take small positions with stop-loss to try for some trades and increase trading opportunities.
For operations: Today, if volume shrinks and a low point is tested intraday, consider opening a small long position. For spot traders holding longer-term positions, reducing positions is optional; long-term holders don’t need to reduce. $BTC $ETH
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