April 24th BTC/ETH Mishi Strategy

Recently, Mishi's rhythm has been very good, although the market is relatively difficult, but remember "fast is slow." Be sure to wait until your desired signals appear before attempting to enter the market, just like last night’s second coin long position. When the strategy was issued in the afternoon, the market price was 2300, and the order was 2284. After testing 2330 later, some friends might think they missed the boat and can't get in. But the night session still gave 2284, and later it returned to 2330, gaining 16 points of space. The defensive position at 2268 is very cost-effective.
If you chase long at 2300 with a stop at 2268 and a target at 2330, the risk-reward ratio is 32:30, which is not very cost-effective. If you take 2284 as the entry, the risk-reward ratio is 16:46, which is very objective. Even if 2284 is not hit, there's no need to pay for missed trades. Pursuing high-value, high-probability positions is a basic quality of a competent trader.

The recent news is hard to judge; on the surface, both sides' relations are becoming increasingly tense, but the last time similar negative atmospheres were portrayed, the final message was a ceasefire. So we have to consider that this round of negotiations might follow the same pattern. The difficulty lies in the unpredictable statements of certain individuals. Since it cannot be changed, continue to stay attentive.

BTC: The big coin has been quite active recently, mainly influenced by increased holdings. Another factor is some potential benefits on the second coin side. After testing the 76,650-77,300 zone during the night session, it moved more actively. In the short term, 78,500 is an important level. If it can break above, it can challenge the 79,000-79,750-80,650 three major zones. Those trying to go long at higher levels can position around 78,500-79,000, using 79,750 as a stop. The risk-reward ratio is decent, but this is a contrarian move against the trend, so large positions are not recommended. Currently, there are two ideas for the second coin. The first is to use the night session’s low of 77,000 as a stop, and add positions above this level. The second is to wait for a deeper pullback to find opportunities around 74,400-76,000. (See chart for details)

ETH: The intraday target for recovery is between 2330-2380. Last Friday’s starting zone of 2300-2300 is now the consolidation area, and the next step is to choose a direction. The news is too vague, making it difficult to judge the trend. So, prepare for both bullish and bearish scenarios. The specific trading strategy will be updated later; for now, only the levels and ranges are provided. (See chart for details) #Gate13周年现场直击 $ETH