May 3rd BTC/ETH Mí Shen Strategy

It's a holiday again, and it's 5 a.m. at the same time. Bitcoin and Ethereum are both pulsing to make moves, quickly surging high + quickly falling back, which can easily lead to double stops. But when such an important watershed level shows abnormal movement, as participants, we should get excited.
The news is that both the US and Iran are not backing down, and the atmosphere is becoming increasingly tense. Continue to monitor the subsequent developments of both sides.

BTC: This morning, after surging to recent highs, it quickly pulled back. Remember, if Bitcoin pushes higher, it will hit the highs since February. A new high is a signal and a sign. This looks more like a test of the market. No need to worry too much; there is plenty of room above. With time, if the US and Iran reconcile and the Strait is reopened, the market has great potential.
Watch whether Bitcoin can return to 78,500 today. If it still can't stabilize, consider shorting at 78,500-78,800, using the morning high of 79,200 as a stop. You can try to participate in short positions.
First, note the support at 77,800 from yesterday, and the second support at 76,666-77,300. If 75,555 is broken, then we need to reconsider the integrity of the overall structure. (See the chart for details)

ETH: In the morning, it attempted to break through the 2,330-2,355 zone again but failed, quickly falling back and breaking the upward channel.
Today, watch whether it can return to the 2,310-2,320 zone. If not, use that as a short-covering area, with 2,330 as a stop.
Look for opportunities in the 2,268-2,299 range.
It faced pressure and pulled back. The market looks quite intimidating, but I want to say, be patient. Historically, breakthroughs of major resistance levels often happen after accumulation, following a fake move to shake out weak hands before launching upward.

DOGE can be used as a barometer.
It is a popular indicator in the near term.

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