Wake up and the sky is falling—has Iran and the U.S. not started talks again? Is Bitcoin about to crash? Hurry up and take a look.

1. No one expected Iran to be so aggressive. In the negotiations, they said they would not give up enriched uranium. It still looks like they want to build an atomic bomb. The U.S. and Iran ended up parting ways unhappily—will the conflict keep escalating?
2. There is a possibility of that. But to be honest, Iran’s sanctions issue will gradually be ignored by the market. Just like back then in the Russia-Ukraine war: when the U.S. sanctioned Russia’s oil, oil prices surged to 140 in the short term. But what happened afterward? Other oil-producing countries increased output to make up for the gap, and oil prices fell all the way down, eventually returning to a normal value of 60.
3. So, as a global market, adaptability is extremely high. A 15% reduction in oil supply will gradually be replaced by other producers increasing output, and then users will also cut back usage because of high oil prices. The market will ultimately reach a new supply-and-demand balance, but this will take time.
4. Now let’s get back to current operations. Yesterday, Shuqin told everyone to wait for a relatively deeper pullback near the 715k support to go long, and not to chase the price. And now, the price has indeed stopped right here.
But because there is a lot of uncertainty in the fundamentals, we need to operate more conservatively. I think you can level off most of the positions at the entry price with basically no loss, and only keep a small portion to bet on a rebound. Then I will start rebuilding long positions above the steadier support level of 70k to catch the rebound. If the market changes, we have to make corresponding adjustments.
5. Besides, what Shuqin has been saying is that Bitcoin will enter a high-pressure zone around 74,000, which is very dangerous. So everyone can take a look at the orders in my chart. Personally, I placed 100,000 U worth of short orders under the resistance levels at 7.4, 7.6, and 7.8万 respectively. The first batch of BTC and ETH shorts has already been taken, and the effect is pretty good. Operations every day~