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The US is preparing to escalate sanctions on Iran within 24 hours, and the cryptocurrency prices are rebounding strongly, benefiting long positions! Thoughts on the March 3rd Bitcoin Auntie Strategy
After the execution of Iran's Khamenei and others, they did not choose to remain silent. Instead, they launched a strong counterattack, heavily damaging Israel. Multiple US military bases abroad were also attacked. It did not go as the "懂王" (Trump) expected. Today, high-ranking US officials hinted to CNN: "Major escalation" attacks on Iran could occur within the next 24 hours. Trump also personally predicted, "A big one is coming soon," and Rubio added, "The most severe blow has not yet arrived." Yesterday, the price of cryptocurrencies did not collapse due to the war; instead, it rebounded strongly, providing a long-entry retracement strategy for big profits. Bitcoin and Ethereum long positions were also executed precisely, currently making small profits!
If the US truly suppresses as strongly as announced, the price of cryptocurrencies is very likely to correct downward. Therefore, intra-day, a bullish outlook is not excessive. Short positions can be attempted at high levels, and after a second bottom test, long entries can be considered! If you have orders on your phone, you can slowly move stop-losses to lock in profits!
Although the conflict is tense, the crypto prices are defying the trend and rising. Once the US escalates the conflict, gold will definitely surge again, so stay alert! #伊朗局势升级