May 17 BTC/ETH Miken Strategy


According to news, next week the U.S. may restart strikes on Iran, risk aversion sentiment soars, and the focus will be on the Federal Reserve's release of the April meeting minutes at 2 a.m. on May 21 (Thursday), and Nvidia's earnings report on the evening of May 20 (Wednesday).
Feedback on the US-Iran conflict has actually been reflected in the market in advance; it’s not ruled out that after the "boots drop," there could be a new opportunity window.
Since there are so many known potential risks, the saying "a gentleman does not stand under a dangerous wall" applies—trading should be cautious.
You can look for technical entry points with good risk-reward ratios to test the waters; to increase position size, certainty is needed.

BTC: After three consecutive attempts to push above 81,700 failed, combined with next week's negative news impact, a clear trend of continuous correction has emerged.
The support at 77,800 given yesterday did indeed cause a rebound after the first touch, but it failed to recover 78,500.
The night session saw a pullback again, with another support zone at 76,666–77,300.
Pay attention to the performance here.
If it accelerates downward toward the lower boundary of the big box at 74,400, there is hope for a bottoming signal.
To change the current downtrend, simply stopping the decline is not enough; a recovery to the upside is necessary for hope.
Therefore, focus on the signals of breakout acceleration caused by the pinpoints above and below. (See chart for details)

ETH: The key zone for this round of the "two pancakes" is between 2,330 and 2,380.
Only when this level is reactivated can there be hope for a new high.
Due to the feedback from potential risks next week, it has already broken through support levels consecutively.
Near-term support is at 2,139–2,171.
Near-term resistance is at 2,197–2,233.
If an acceleration pin occurs around 2,070 today, it is recommended to enter the position.
The reason for adjusting the pin position downward here is because the "two pancakes" are moving in a slow decline, and without acceleration, energy cannot be released.
Previously, when above 2,233, the channel at 2,139 was suggested; the short-term space of about 100 points is enough to release energy.
The strategy of breaking the small horizontal platform of the bears is likely to lead to a large downward move. (See chart for details) #Gate广场五月交易分享 $BTC
BTC-1.03%
ETH-1.59%
NVDAX-0.14%
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