May 4th BTC/ETH Mishi Strategy

Recently, everyone has been advised to watch for a breakout of the head and shoulders pattern, paying attention to the synergy between altcoins and mainstream cryptocurrencies. At 6 a.m., there was a sharp rise followed by a pullback, but just now, there was another reversal move. Mishi has always emphasized that a reversal is a sign of strength. Here, we respect the market and temporarily avoid shorting on the left side; focus on completing the head and shoulders target first before considering other actions.

BTC: 78,500 has become historical, and the intraday new high has been reached. According to the previous strategy, Bitcoin should follow the target lines of 79,300-79,750-80,400-81,050-81,700. The larger target is the super-large box between 81,700 and 85,150, with the ultimate goal at the super resistance level of 87,300. For intraday monitoring, just watch whether 78,750 will be broken or not. As long as this level is not broken, we remain optimistic about Bitcoin. Those aiming for higher profits can look for opportunities at the target lines, for example, short at 79,750, with a stop-loss moved to 80,400, and so on.

ETH: After a quick pullback following the pulse at 23:55, ETH has again reversed and moved above 23:55. The next target is clearly 23:80, with subsequent targets in the large box of 23:80-24:60, just follow the chart. #美国寻求战略比特币储备