Iran Drafts Strait of Hormuz Transit Agreement, Both Bulls and Bears Benefit Yesterday! April 3 Bitcoin Strategy

Iran has announced that it is working with Oman to draft a transit agreement for the Strait of Hormuz. Reports indicate that Gharibabadi stated that the critical global oil transportation route "should be supervised and coordinated by both countries." Following this news, international crude oil prices plummeted significantly. Spot gold temporarily rebounded above $4,700. Non-U.S. currency pairs surged quickly, and the three major U.S. stock indices shifted from decline to rise. The precise short-selling strategy provided on Wednesday night was spot-on, and the bottom-fishing strategy given last night also met expectations—join the bullish and bearish trades!

The market with pinbar patterns indeed performs well when both bulls and bears benefit; poor execution can lead to being stopped out. The daily chart closed yesterday with a high-level doji, but this morning closed with a long upper shadow and a lower wick, indicating fierce competition between buyers and sellers! Overall trend remains bearish. Although recent highs and lows have moved lower, the downtrend has not been broken. Therefore, the current strategy remains mainly to short on rebounds, with low buy positions as a supplement!

April 3 Short Strategy

Bitcoin rebounds to 68,000-68,500, continue shorting; conservative entries at 69,000-69,500, with a stop around 70,500. Targets are around 67,000-66,500-66,000; adjust stop-loss accordingly if the level is broken for profit-taking.

Ethereum rebounds to 2,100-2,130, continue shorting; conservative entries at 2,160-2,190, with a stop around 2,220. Targets are around 2,050-2,030-2,010; adjust stop-loss accordingly if the level is broken for profit-taking.

April 3 Long Strategy:

Bitcoin retraces to 65,500-66,000, buy one lot; stop around 64,500. Targets are around 67,000-67,500-68,000; adjust stop-loss accordingly if the level is broken for profit-taking.

Ethereum retraces to 1,980-2,020, buy one lot; stop around 1,930. Targets are around 2,030-2,070-2,100; adjust stop-loss accordingly if the level is broken for profit-taking.

Iran closes the Strait of Hormuz, with good news being that it is only targeted at hostile countries. The proposed transit agreement may later be opened gradually to other non-hostile nations, so please operate cautiously. The key factor is whether a ceasefire agreement can be reached. Tonight's Non-Farm Payrolls report—let's wait patiently for the data! #加密市场行情震荡