May 20th BTC/ETH Mǐ Shen Strategy

Today is 520, wishing everyone with loved ones around, everything goes smoothly.
The news overnight still revolves around the US and Iran, on one hand, the Secretary of State expressed a desire to end the conflict quickly, on the other hand, Iran emphasized they will not make concessions. The direction of the conflict is like the Damocles sword hanging over the global markets; only when this sword falls can we see the true outcome.
This week’s key focuses: ① Nvidia and Walmart release earnings reports; ② Thursday early morning Federal Reserve meeting minutes; ③ Friday, the new Federal Reserve Chair officially takes office.

BTC: Yesterday’s tweet mentioned that here, the head is just sideways trading without breaking out, so beware of a head and shoulders reversal. The overnight session still maintains weak consolidation around 76,666, with no change in range or levels. The lower target remains the big box’s lower boundary at 74,400. The head is striving to repair the upper boundary of the big box at 78,500.
In terms of operation, neither the bulls nor the bears have a clear advantage, making participation difficult due to obvious news-driven influence. It is recommended to wait for the right-side signals before looking for range-based trades. For specifics, check out Mǐ Shen’s level map.

ETH: Similarly, sideways weak consolidation, with no clear direction, but the range is already determined: the support zone is at 2,038-2,075, an old friend. The first recovery target is at 2,139-2,171, hoping that the news will materialize to stimulate a breakout.
Please refer to Mǐ Shen’s level map for details. Keep your strength in reserve and participate decisively after signals appear. #TradFi交易分享挑战