Market trends, after waiting overnight, it seems to have successfully broken down the 71000 level. Currently, gold has actually started a downward trend, which somewhat synchronizes with both. Still, a reminder for everyone, contracts are different from spot, and the entry positions every day or even during each time period will show different trends. The trend updated in yesterday's article will definitely be different, so please pay attention to the publication time of the article. Recent short-term contracts are extremely easy to predict, given the overall financial environment, along with military conflicts being temporarily set aside, the market trends are relatively stable. Everyone should definitely seize the opportunity. Back to the market, the new high yesterday was at 73137, and the low was at 70505, the overall prediction is almost the same as our entry point, whether it's the long position entering at 71000, taking profit at 500-1000 points has already exited, as for shorts, there's no need to mention they all took profit. For today's trend, the core observation remains on the military aspect and the short-term support levels.

The fourth round of negotiations between the US and Iran regarding the control of the Strait of Hormuz has not reached a consensus, which has led the Americans to officially blockade the strait to strengthen their negotiating position. This has also caused the price of crude oil to begin to surge in the short term, with international crude oil significantly opening higher on Monday, WT! oil rising by 9.4%, quoted at 104.54 USD/barrel. Let me remind everyone that the Americans have not yet fully blocked, the official blockade time will start on April 13 at 10 AM Eastern Time (22:00 tonight, UTC+8), implementing a blockade on all maritime traffic entering and leaving Iranian ports, affecting all Iranian ports in the Arabian Gulf and the Gulf of Oman. Non-Iranian port vessels navigating the Strait of Hormuz will not be affected. With both sides' shared blockade, almost all vessels will be unable to pass, which will continue to drive growth in the crude oil market. Interestingly, after the rise in oil, the cryptocurrency market has instead received short-term support; why is this? It is also because of the settlement method, which has switched to stablecoins. From Old Cui's perspective, this conflict has instead broadened the application scenarios of cryptocurrencies, which is a significant positive message in the long run.

Old Cui summarizes: Contract users observing short-term data are currently in a recovery state, and the upper limit will definitely not be too high, so today, it is best not to focus on short-term long positions; the short position is the short-term trend, especially if the strait issue is not resolved tonight, it will definitely drop again to below 70k. Therefore, the short position given by Old Cui is near the short-term support of 71000 from yesterday. The core question remains whether there can be a turnaround in the blockade of the strait? Without a second round of negotiations, the advantage for bears remains significant, and the profit-taking position should still aim for 500-1000 points. By the way, regarding Ethereum, its recovery strength is greater than Bitcoin's, recent performance can be considered the best choice. Although it is low at 2173, it also recovered above 2200 in the morning, currently quoting 2189. To take a short position in Ethereum, the profit-taking position can only be in the range of 20-30 points, and it is highly likely to drop below 2150 today, with the entry position trying to control around 2200. The recent contract points provided are extremely clear, and the gains over four consecutive days have been considerable. Also, I remind everyone not to blindly trust Old Cui, as any disturbance in the military aspect may cause a reversal in short-term trends. It is best to ask Old Cui before entering the market, and if possible, message privately, if there’s no reply, try to find a way yourself.

Original content from WeChat public account: Old Cui Talks about Currency For assistance, you can contact directly.

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