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$ETH $GT This time, the Israel-Palestine conflict has shown Bitcoin's "resilience," no longer just a one-sided decline!
The conflict once triggered BTC to drop to around $63,000, liquidating over $300 million in long liquidity, then quickly rebounded and is now consolidating in the $68,000-$69,000 range.
Oil prices surged by 13% to a multi-month high, while gold and silver also rose. Subsequently, all started to decline!
The impact of the conflict is fleeting; if the conflict does not escalate, volatility will narrow, and the buildup is almost complete, about to trigger a big move!
BTC
Support 57,850-60,000
Resistance 75,475/83,960
Key levels for BTC are 70,900 and 62,800. Orders placed last night are still valid and can be continued until tonight before sleep!
ETH
Support 1,785/1,600/1,385
Resistance 2,225/2,749
Key levels are 2,100 and 1,835. Last night, a real-time long order at 1,930 was directly executed, with a high rebound to 2,089. Partial profit-taking is unnecessary to mention—anyone not making money here deserves a slap;
In review last night, we advised everyone to avoid trading XAU/XAG and that gold and silver are less profitable than trading SOL. The reasons were clearly explained in last night’s live broadcast;
Trading advice: Continue to express confidence in the largest position layout in two years for spot trading. When given the opportunity, go all in blindly. Do not trade contracts without stop-loss; set protective stops when there’s room. Even if you get stopped out 10 times, you must keep it on because you never know when the range will break. Once a big move happens, your core position can break even or take a loss and still profit from the big move!