April 27 Crypto Market


🔹Strategy: Short + new high stop loss. Currently, trading is still driven by the news: the U.S.-Iran talks and Kevin Worsh taking the chair at the Federal Reserve. Unless the news plays out, it’s hard to break through.
🔹News: Iran is looking to open the strait first, then discuss its own nuclear issue. If the U.S. agrees, then this battle is pointless. With Kevin Worsh topping the Federal Reserve, there’s basically no obstacle. U.S. 2-year Treasuries fell on cue, and the market still believes Worsh is in the interest-rate-cut camp.
🔹Technical: Price has moved up to the daily pressure level, but it’s being suppressed by the weekly chart. Here, it definitely needs volume to break through. The momentum over the past 3 days has clearly been insufficient. Unless the news materializes, making new highs will be difficult.
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