April 19 BTC/ETH Mishi Strategy

The downward channel has opened, and the adjustment trend is still continuing. This kind of weak consolidation that isn’t ranging is actually very difficult to trade. Getting on now to top up means you can only do it proactively by chasing; if you want to passively wait for a rebound, or wait for an oversold move after acceleration, you need enough patience. Also, the parts of the market you miss can easily trigger FOMO, so at this moment, adjusting your mindset matters first. On the news front, both rounds of negotiations produced no good results, and there may even be the possibility of further deterioration again—so here, pay attention to developments.

BTC: Intraday, it still tests the 74,400-75,500 support box. If it breaks below the lower rail, it will move to test 73,550-74,400. The target for this cycle is to go back and fill the gap in the 72,250-73,000 area. Watch for opportunities to fill and top up these areas. The shorting opportunity last night didn’t give a chance at 76,600-77,300. For today, see whether there is still a possibility of returning to this area; otherwise, if you want to get into shorts, you can only chase the direction. When chasing a direction, the most important part is never technical analysis—it’s whether your psychology can accept the cost. Otherwise, it’s not recommended to chase while anxious. (See the chart)

ETH: The 2,330-2,380 box didn’t attempt to repair itself all night. As of the time of this post, touching the lower rail at 2,330 still hasn’t brought bulls into action. Here, all longs are based on left-side trial and error done at effective support levels; until clear bullish signals come out, you need to stay cautious. Below, there’s another support at 2,300-2,330. In the ideal scenario today intraday, there would be an acceleration to fill the gap at 2,230-2,268—this would be a good, cost-effective area to top up longs. The shorting top-up position given last night didn’t work out, so intraday, first look to see whether 2,380 will refill. In the ideal scenario, getting back to 2,400-2,430 to top up shorts would feel very comfortable. (See the chart) $ETH ‌#Gate13周年现场直击