April 29th BTC/ETH Mi Shen Strategy

Super Week Key Day, focus on the data release at 2:00 AM Beijing time on April 30th, and Bao Shifu's speech content at 2:30.

BTC: The current market situation is relatively simple, only needing to focus on two points: 1. When will the downward channel be broken? 2. The direction choice after the break. The key support area for the day is tentatively around 74,400, which is near the lower boundary of the current large box. Assuming the impact of news causes an acceleration downward, reaching the previous gap area of 72,200-73,000 would be an excellent entry point for a quick dip. If there is a lead-in, one can appropriately set up a pattern, using floating defense to check the trend's integrity. For example, after breaking through 76,666-77,300 yesterday, if it cannot recover within the day, it indicates the downward trend continues, and the space is downward. If it can recover, then try to take a contrarian position based on the market signals. I have marked this in the chart because the current market is heavily influenced by news, which cannot be ignored. The strategy is to prepare for both sides and make specific judgments based on real-time signals. (See the chart for details)

ETH: Although there was resistance to decline at 2,268, the key issue is that simply stopping the fall without recovery is not enough, indicating the downward trend is still ongoing. The short-term recovery key is to regain the 2,299-2,330 platform. Only by returning above 2,330 can we consider the dominance of the bullish trend; otherwise, it must break below the early April range of 2,171-2,233 for low buying to be cost-effective. Mi Shen personally does not favor sideways trading that uses time to exchange for space, such as establishing a long-term horizontal platform at 2,268, then later pushing up strongly to break the downward channel. This is possible, but personally I find it less satisfying. The specific approach is marked in the chart. (See the chart for details)

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