The US-Iran situation continues to escalate. Wanting to short too much is unrealistic—bold short thinking! 7.20 Big Pancake & Ether strategy

The US and Iran have launched a series of retaliatory attacks with accelerating momentum. In the past two days alone, three US service members have already died. Trump had previously warned that if Iran killed American troops, it would face an even stronger response—now US troops are dying one after another. As both sides escalate their attacks, the situation in the Middle East is once again approaching a dangerous critical point. This kind of contradiction is too hard to resolve through negotiations; the next phase is likely to be another long game. The short orders from yesterday are still open—be patient and hold, waiting for the shorts to explode! If you didn’t get on the train, you can enter when the timing is right!

There wasn’t much movement over the weekend. This morning, the attempt to rally Big Pancake was blocked at the daily 60-day moving average. Ether is stronger than Big Pancake, but the daily Bollinger Bands on Ether are severely squeezing—this shows that the bulls’ strength is insufficient—so maintain the high-level shorting idea and just wait to take the meat (profit)!

7.20 Short strategy:

For Big Pancake, continue short at the current price of 64800-65200. For those who prefer steadier setups, short 65300-65600. Defend around 66500. Targets: 64000-63500-63000-62500. If it breaks down, look at 62000-61500-61000. Continue to move the stop-loss and take-profit as appropriate!

For Ether, continue short at the current price of 1880-1890. For those who prefer steadier setups, enter short at 1920-1950. Defend around 1980. Targets: around 1820-1800. If it breaks down, look at 1750-1700. Continue to move the stop-loss and take-profit as appropriate!

7.20 Long strategy:

For Big Pancake, buy one position on the pullback at 60500-61000. Defend around 60,000. Targets: 62000-62500-63000. If it breaks through, look at 63500-64000-64500.

For Ether, buy one position on the pullback at 1670-1700. Defend around 1640. Targets: 1750-1780-1800. If it breaks through, look at 1830-1850.

The US-Iran situation keeps escalating, but the coin price has been consolidating at high levels the whole time. It is clear that 🐶’s group is working together to eat the short positions—or trying to scare the shorts away. It’s too hard for retail investors to make extra profits. The crypto market is already moving in the opposite direction of decentralization…