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May 11 BTC/ETH Mishi Strategy
As early as April, Mishi kept reminding everyone to pay attention to established altcoins, and by May, many were actively making moves, with the long-praised target SUI surging 50% in three days—very impressive. Including PEPE/SOL, which also performed quite well. Many new followers might not know what an established altcoin is; simply put, it's a batch of altcoins that collaborated during the 2024 super bull market alongside Bitcoin and Ethereum. Moreover, this isn't just a simple altcoin season; behind it is a flow of capital voting on the future market with their positions.
Subsequently, with the US-Iran reconciliation, Russia-Ukraine peace talks, President Xi's visits, and potential positive opportunities, there are still many factors to consider. It's important to grasp the medium-term rhythm.
BTC: Finally back to 81,700. The medium-term target remains optimistic at 87,300. Currently, there are two major ranges above: 81,700-85,150 and 85,150-87,300. Last week, I divided the first range into three zones: upper, middle, and lower. After the first achievement, I chose to adjust, but moving forward, I will continue to look upward along this idea.
Pay attention today to confirming the small platform at 81,000-81,700, which may also involve cleaning up some of last week's chips.
In terms of operation, watch for short-term breakout signals; you can use nearby highs as a defensive point for small positions, and patiently wait for opportunities to add positions at dips. (See the reference chart)
ETH: Last week, the highest touched around 2,420 before starting to adjust. After hitting a deep dip at 2,268, it chose to consolidate between 2,299-2,330. During the night session, it surged to 2,380.
On the news front, US-Iran differences re-emerged, and technically, there was repeated cleaning of the 2,330-2,380 range. If the push toward 2,500 occurs later, then currently, 2,330-2,380 is the main base for the dip.
Today, expect some volatility and chip cleaning; short-term opportunities are available. The difficulty of trading has increased, but the rewards for correct actions are very objective.
Operationally, it is recommended to try multiple confirmed solid points for dips. (See the specific chart) #BTC重返8万 $ETH