April 20 Night BTC/ETH “Mishen” Strategy

Keep an eye on the progress of the U.S.-Iran negotiations, and whether a new agreement can be reached before the final deadline of the ceasefire agreement on April 22. Today mainly focuses on whether the Iran side agrees to the negotiations being played up as a hype.

BTC: In the afternoon, news came out that the Iran side agreed to the negotiations, and Bitcoin’s price bounced back briefly. Although subsequent clarification appeared, the technical chart has still laid out a direction. For tonight, watch whether the 75,500-76,000 small range can be taken out; above that, there is strong resistance at 76,650-77,300. For taking shorts, just look for opportunities at these two levels to participate. The downside 71,400-74,400 is a target area for bears. If talks break down, the price is likely to move into this area (see chart for details). If you feel unsure, you can wait until the last ceasefire agreement expires, after the “dust settles,” before participating.

ETH: The intra-day small double bottom has given more opportunities. The 2,330 level is extremely precise. After the bulls reached it, they immediately called it quits and exited, showing no hesitation. For “mid-tunnel” thinking, continue to see whether 2,330-2,380 can be tested and tried. Bears should watch whether 2,268 will accelerate to break through; then look for room toward 2,170. (See chart for details.) $ETH ‌