Market Analysis: Sudden News Triggers Cryptocurrency Price Drop, Range-Bound Oscillation with Short-Term Short Selling Strategy

The unexpected news of China-Iran evacuation has heightened market risk aversion, causing the cryptocurrency price to plummet by 1500 points. Short-term downward pressure is significant. Looking back at yesterday's trend, the price faced resistance at a key high level and failed to break through effectively. Combined with technical charts, the overall pattern remains in a range-bound oscillation, and the battle between bulls and bears has not yet broken the current equilibrium.

For swing traders, it is recommended to follow the market’s weak trend and position for short positions: enter a position when the price rebounds to the 67500-68000 range, with stop-loss set above the upper boundary of the range, and target the support levels at 60000-58000. Seize the profit potential within the oscillating range. $BTC $ETH #Gate广场发帖领五万美金红包