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Once news came out that navigation in the Strait of Hormuz has resumed, besides crude oil, US stocks, gold, and Big Pie all surged across the board.
But Mu Feng believes that the positive news is only temporary; before the official talks are completed, it’s basically impossible for the crypto market to see a large, one-sided rise!
For the US evening session, operations still mainly focus on shorting from the high side!
Big Pie: short at 76,600, target 74,000
Ethereum: short at 2,420, target 2,320
The short position entered at 75,750 before the news can be added near 77,000, and continue looking lower!
$BTC $ETH