April 21 BTC/ETH Mí Shen Strategy

Currently, the news is scheduled; the results of the US-Iran negotiations progress before April 23, the expiration of the ceasefire agreement, the reopening of the Strait of Hormuz, and other events will be announced in the next couple of days. The intraday trend is mainly volatile, all waiting for the shoe to drop, betting on whether the negotiations will be positive or negative.

BTC: Recently, Bitcoin has had a positive signal of accumulation, so it has been relatively strong recently. The technical aspect has already reached the first consolidation box of 76,600-77,300, which was a rebound zone last Friday. Just now, I took a leading position with Mí Shen on Gao Kong, so there's no need to panic. The defensive position is very clear, and the risk-reward ratio is good. Those who haven't entered the position yet can wait for a clearer direction to get a better entry point. The target for Dōtóu is to push for 78,500 to open the large upper box of 78,500-81,700. The bearish target is to break below 74,400 and attack the large box of 71,400. The bullish target is the entry point for long positions, and vice versa. Tonight, focus on whether last Friday's high of 78,300 can be broken (see the chart for details).

ETH: Slightly weaker than Bitcoin, overall also in a box consolidation, waiting for the news to settle. Near-term resistance is at 2,330-2,380 (Resistance 1), and last Friday's high of 2,380-2,460 is Resistance 2. There are two attempt zones for shorting here: the first is around 2,380 with 2,400 as support; the second is near 2,430 with 2,460 as support. For Dōtóu, the sideways range can be entered at any time, just confirm the support position. Be cautious if 2,230 is broken, as it may trigger a sharp decline (see the chart for details). $ETH ‌#Gate13周年现场直击