May 5th BTC/ETH Míshén Strategy

On the last day of Labor Day holiday, let's review today's Míshén strategy. Last night, the volatility was quite large, but fortunately, the follow-up correction strategy I suggested was effective. After buying the dips in Bitcoin and Ethereum, the night session didn't cause any further chaos, allowing us to secure a good early position and plan accordingly. Although both sides have been arguing loudly in the news, the missile launch yesterday didn't reverse the trend, so we should remain bullish. Continue to monitor the progress of the peace talks on the double reversal.

BTC: Last night, I pointed out the low buy-in level at 79,300, which was very accurate. Many people got shaken out after a back-and-forth move and didn't know what to do next. Míshén teaches everyone that when your mind is confused, you must learn to simplify. The more information you have, the harder it is to make judgments. After our first correction strategy was stopped out, everyone was worried, but since the dip was quickly bought back, Míshén immediately indicated the opportunity to add to the dip. Simplifying means reducing unnecessary thinking, only respecting the market signals. When a bullish signal appears, just buy in directly. In this market, there's no need for so-called loyalty; you only need to be responsible for your positions. This is also one of the reasons many experts can quickly switch between long and short positions! Simplify.

Technically, after confirming the support zone at 79,300-79,750 in the night session, BTC is now pushing towards the upper boundary of 81,000-81,700. If it breaks through, it can open the larger box of 81,700-85,150. When going short, look for target levels to attempt. For example, if a signal appears at 81,700, you can add a short position with 81,700 as your stop. If you didn't chase the dip early, just need to get over that mental hurdle—click to enter the position. If you don't want to chase, you'll have to wait for a better entry point. (See chart for details)

ETH: The correction at 2,346 that I pointed out last night also yielded good value. The position of Ethereum is quite clear now. Bitcoin is at a new high, with distant resistance levels that are hard to reference. Conversely, Ethereum has multiple reference resistance levels ahead, making the chart analysis simpler. Intraday, the market is in three zones: 2,380-2,420-2,460. Currently, it's in a consolidation zone between 2,330-2,355-2,380. As long as it doesn't break below 2,330, the bullish trend remains intact. After consolidation and gathering strength, there's hope for a push higher. For short positions, look for resistance levels in the chart to attempt. (See chart for details) $BTC ‌#美国寻求战略比特币储备