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Thursday, weak oscillation and adjustment, continue moving northward
The arrow is on the string, it must be released. The long position at 71200 from yesterday is still in hand, so don't ask me how I see it today. Intraday short-term strategy relies on the overnight retracement low at 70400 to go long and look bullish.
Currently, there's an extreme tug-of-war between the US and Iran, with all kinds of news flying around. The longer it drags, the smaller the impact will be. Once a ceasefire occurs and oil prices decline, funds will flow back to US stocks and the US dollar index—this is absolutely bullish for crypto!
Bitcoin: Reference the 70000-70500 zone to go long, target 72500, enter with light position, reserve position for additions.
Ethereum: 2120-2145 zone to go long, target 2250, enter with light position, reserve position for additions.
That's all for today, wishing you all the best.