The impact of the US-Iran conflict, cryptocurrencies weaken while gold and silver break out. Bitcoin is consolidating into a triangle pattern, with a battle around the midline of 657-658. On the 15-minute chart, it is under midline resistance, showing a slightly weak trend.
In contrast, precious metals, gold and silver, both break out of their consolidation ranges, slowly rising from high levels, with risk aversion sentiment increasing. Trading plan: Buy long at 630-635, take profit at 685-690, stop loss below 62 Sell short at 688-695, take profit at 635, stop loss above 700 Focus on large-range oscillations, riding the trend.
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The impact of the US-Iran conflict, cryptocurrencies weaken while gold and silver break out. Bitcoin is consolidating into a triangle pattern, with a battle around the midline of 657-658. On the 15-minute chart, it is under midline resistance, showing a slightly weak trend.
In contrast, precious metals, gold and silver, both break out of their consolidation ranges, slowly rising from high levels, with risk aversion sentiment increasing.
Trading plan:
Buy long at 630-635, take profit at 685-690, stop loss below 62
Sell short at 688-695, take profit at 635, stop loss above 700
Focus on large-range oscillations, riding the trend.