140 million barrels of oil are allowed into the global market—yesterday’s shorts profited! 4.15 Bitcoin/ETH trading ideas

U.S. officials said Tuesday that the government will allow the 30-day sanctions waiver for Iranian seaborne oil to expire later this week. The U.S. is currently imposing a blockade on shipments from Iranian ports. This waiver, issued by the U.S. Department of the Treasury on March 20, allows approximately 140 million barrels of oil into the global market, and during the Iran war it helped ease energy supply pressure. And yesterday’s short entry points and approach matched expectations—now with Bitcoin up another 1,000–2,000 points and Ethereum up 50 to well over 100 points, you can follow through by moving your stop-loss to lock in gains!

After the daily Bitcoin rebound touched the 76,000 level and then pulled back, Ethereum also quickly dropped after breaking below the previous high. The bullish rebound was stalled—plus, after the technical level broke and the daily upper trendline continued to roll over, we still see a pullback today. With no positive news support for now, we won’t chase longs temporarily!

4.15 Short Position Ideas

Short Bitcoin on the rebound at 75,000–75,500. Defend around 76,500. Targets to watch are around 74,000–73,500–73,000. If it breaks through, watch for 73,500–73,000–72,500–72,000. Continue moving the stop-loss to protect profit—watch depending on market conditions!

Short Ethereum at the current price 2,370–2,400. Defend around 2,430. Targets to watch are around 2,300–2,270. If it breaks through, watch for 2,250–2,230–2,200. Continue moving the stop-loss to protect profit—watch depending on market conditions!

4.15 Long Position Ideas

Go long Bitcoin on the pullback at 71,500–72,000. Defend around 71,000. Targets to watch are 73,000–73,500–74,000–74,500. If it breaks through, watch for 75,000–75,500–76,000!

Go long Ethereum on the pullback at 2,200–2,230. Defend around 2,160. Targets to watch are 2,270–2,300–2,330. If it breaks through, watch for 2,350–2,380–2,400.

The high and low points gradually move higher, but no key positive catalyst has come out. The coin price can’t hold above the key resistance level. On the 16th of this month, the U.S. and Iran will restart negotiations, but based on the current information, it looks like the two sides won’t be able to agree. It’s also not out of the question that both sides will make concessions to each other. Think about it—according to Iran’s preliminary estimates, the losses have already exceeded $270 billion. Having the U.S. directly take on this loss seems unlikely. The only option is charging ships passing through the Strait of Hormuz—and even the “blond guy’s” eyes are on this big fat prize. In the end, it’s very likely that both sides will end up charging jointly. What do you think? #加密市场回升