May 2nd BTC/ETH Mishu Strategy

Yesterday, Mishu's Doutu strategy should have all caught gains, seeing signals and sharing the opportunity to add positions in the club. Recently, it's been a relatively simple pattern. When the market is bustling, it's actually harder to capture value. On the news front, it's a true vacuum period, mainly watching General T's attitude. The night trading flow shows dissatisfaction with his latest proposal but leans toward not restarting the bombing of Iran. After all, if Iran falls into a prolonged conflict, the ongoing blockade of the strait and high oil prices could transfer negative impacts to the American people through inflation. Ultimately, this would affect General T's approval rating. With mid-term elections approaching, Iran also faces inventory and economic pressures; both sides are holding back.
Subjectively, Mishu believes both sides hope for a peaceful resolution. The conflict is for their own interests; the conditions just haven't been agreed upon yet. So, since there's confidence in a deal, Mishu is personally optimistic about the repair of Doutu.

BTC: Yesterday, it surged to 78,500. Although it didn't stabilize completely, it achieved the target of testing the level. The trend is quite complete. For short-term trading, use 78,500 as a defense. For those looking to buy low, pay attention to whether there's another chance to re-enter around 76,666-77,300. The target zones of 78,500-79,300-80,400-81,000-81,700 still have plenty of room. If it falls below 76,666 again, trend reversal should be considered. (See the chart for details)

ETH: After breaking through 2,268 yesterday, it also aimed for 2,299-2,330 according to the strategy. The range given was very precise. Some traders don't know how to use Mishu's level chart to open positions. First, understand this phrase: "Resistance is short, support is long." When the given range is a box, generally, you short at the upper boundary of the box. Yesterday's high was around 2,320, which is marked on my level chart. The upper boundary of the big box is 2,330, so short at 2,320, defend at 2,330, with a minimum of 2,280. That's a 10-point defense, ideally bringing a 40-point gain. The risk-reward ratio is 1:4. Participating in high-value, high-probability strategies over the long term, using probability to straighten your profit curve, and adding the power of compound interest makes it easy to achieve results.
Later, Mishu will share more about trading systems, hoping to help everyone.
The night session's attempt to break 2,330 failed, normal retracement for confirmation, no need to worry too much. The market is holding up well; give it more time to digest the previous downtrend. It is recommended to build positions within the 2,268-2,299 range. Those with more time can do more T+ trades to lower their costs. If you prefer not to build slowly, wait for a sharp drop, such as another chance to buy at 2,250-2,268, and jump in decisively.
For those wanting to short, try shorting around 2,310 (the first failed repair point last night). Use the night high of 2,325 as a stop-loss; you can also set it at 2,330 if willing. The stop-loss can be loose but must be in place.

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