May 6 Night BTC/ETH Mí Shen Strategy


The morning's established targets were basically achieved, and the altcoin rebound strategy also succeeded greatly. I believe those who followed Mí Shen's strategy can seize this round of rally.
The news still involves two people having an escalating conflict, but it also aligns with technical needs. No need to panic excessively; let's look at the technical analysis for answers.

BTC: It indicates to pay attention to the upper-middle-lower halves of the 81,700-85,100 big box, and the market just reached around 82,680. This is the charm of Mí Shen's point level chart; those interested can review it.
Since the target was achieved and a correction was chosen, tonight's focus should be on two areas: the first is yesterday and today's sideways trading zone, 80,750-81,700. The second is the first confirmed zone of this round's launch, which is also where we added positions on the 4th—79,300-79,750.
If both are broken, then pay attention to the 78,500 bottom; it must be defended. If it can't be held, the trend ends.
In terms of operations, look for opportunities to add short positions around 81,700-82,400, with the stop at the recent high of 82,800.
On the downside, be cautious of worsening news; if panic hits and the price first dips near 78,500, you can boldly attempt a first recovery. (See the chart for details)

ETH: Mí Shen's point level chart has been validated again. The morning tweet indicated three resistance targets at 2400-2420-2460. After hitting the peak precisely at 2420, it started to correct. No need to boast further.
Currently, it retraced to the big box of 2,330-2,380, so operation depends on the strength of the rebound near 2,380 to decide whether to add short positions, with a stop at 2,400.
If 2,330 is broken downward, then watch the performance between 2,268-2,330.
These are old friends at familiar levels; understanding the chart makes trading very straightforward. (See the chart for details)

If you think this is well written, please give Mí Shen a like. Thank you very much. #比特币站稳8万关口 $BTC
BTC0.14%
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