May 9th BTC/ETH Mí Shen Strategy

Last night's non-farm data didn't cause much turbulence; sometimes calmness isn't a bad thing. Recently, the altcoin index has performed remarkably well. A few veteran tokens that Mí Shen personally favors are doing quite well, such as SUI/PEPE/DOGE, which have recently shown active strength. Everyone can keep an eye on some veteran tokens that had dominant positions in the market in 2024 and 2025. The newly launched altcoins are not within the scope of this consideration.
On the news front, even if there is substantial conflict between the two sides, it hasn't worsened. The market doesn't want to be as panicked as it was in the past two months, so we can temporarily look forward to a reconciliation expectation with optimism.

BTC: Yesterday, it consolidated within the support zone of 79,300-79,750. Currently, it still shows some hesitation, not ruling out the possibility of re-confirming the lower half of the big box. Today, focus on the support levels at 78,500 and 79,300. If there is a recovery upward, it mainly targets the upper half of the big box at 80,700-81,700. If it can reclaim this area, it can reopen the upward channel and look forward to higher space. The next big box is 81,700-85,150, which is the target of this round of correction. Previously, I divided this area into upper, middle, and lower parts, and I still view it with this idea. For intraday trading, use 81,0-81,7K as a defense zone, hoping for a chance to break below 78,5K. Conversely, look for opportunities around 78,5K to bounce back and recover. (See the chart for details)

ETH: Recently, the technical setup of ETH has been very orderly. Using Mí Shen's point level chart makes it easy to operate. Yesterday, it retested the 2,268 level, with little difference in the chart pattern. Then it moved to the 2,299-2,330 range, and further up are the familiar levels of 2,330-2,355-2,380. Once above 2,380, the next targets are 2,400-2,420-2,460, and higher. In terms of operation, those who don't trust can use the previous resistance levels for trading, for example, at the current price of 2,315, use 2,330 as a defense. For a lower correction, first watch the support at 2,268; if broken, look for opportunities around 2,197-2,233. (See the chart for details)