TraderMonster

The current outcome of Iran and the United States' negotiations is that Iran is not in a hurry to negotiate, and the U.S. is also unwilling to compromise. A single remark from U.S. Vice President Vance about preparing to leave has caused the market to plummet. Right now, the news-driven market can be influenced by just one person's words, causing it to rise or fall sharply. The major rebound trend has not been broken, and the focus remains on shorting at high levels. $ETH $BTC

ETH also has a situation where neither the bulls nor the bears dare to make a move and attack, but instead, they range sideways until the CPI data is released at 8:30 PM, then decide the outcome.
Just a guess, and it's hard to say whether the bulls and bears will try to battle it out before the CPI data.

From the perspective of funds and candlestick charts, the rebound has not ended; it is merely a retracement during the rebound. However, the news sentiment has been consistently bullish, and with the Strait of Hormuz closing again today, major funds are once again on the sidelines. Currently, the liquidity in the crypto market is very poor, and the market is driven mainly by news. A single explosive piece of news could either push the price up by 10% or drop by 10%. Trend and swing traders should be cautious when opening positions. Brothers who are trapped or want to open positions can comment

Today’s news: On April 8th, local time, the Strait of Hormuz was closed again. Maritime traffic tracking systems show that the oil tanker "AUROURA," which was originally heading toward the strait exit, changed course near the coast of the Musandam Peninsula in Oman and turned back into the Persian Gulf.
Earlier, the United States and Iran announced a ceasefire. Shipping agencies reported on the 8th that most of the over a thousand ships stranded in the strait are still "waiting and watching," with only a few ships passing through. According to international freight information platforms, a Gre

Took a walk around the square, and it seems like many short positions have been trapped. Big Bitcoin’s “second wife” can stay strong for a whole day—that’s already very impressive. It’s currently judged as an uptrend continuation, so don’t add to your positions easily. And don’t open short positions easily either. If you want to ask for advice, join the fan group—the host has been watching the market the whole time. There won’t be a live stream today; if you have any questions, ask in the group $ETH $BTC

Many people in this circle are pressured to go long or support short positions, but they can't see the direction clearly or make firm decisions to cut losses, leading to holding on and losing more and more.
Market opportunities are fair, and the real difference lies in whether you can see through the fluctuations to understand the underlying logic, seize opportunities precisely when they appear, and achieve stable profits through strict discipline.
When you see a good opportunity, focus on taking action and steadily ride each wave of the trend.
When it's time to rest, exit calmly, relax