May 22 BTC/ETH Mishi Strategy


Apart from Black Monday hitting a low, this week has been mostly slow-paced.
Not sure if Friday can stir up some waves.
On the news front, both the US and Iran are said to be close to a resolution,
but there's also talk of entering another 30-day tug-of-war.
Currently caught in a strange cycle, no results yet,
but the market has to be cautious and wait patiently for a resolution.

BTC: No change in position.
Immediate resistance is at 78,500; a breakout would target the 80,000 mark.
Immediate support is at 76,666-77,300 in a small range,
below which is the 76,000 low from Monday.
Breaking that would lead to the larger range at 74,400,
all these levels are historically validated, so no need to worry excessively.
In the unlikely event of a small probability,
there's a larger range from 71,440 to 74,400,
which is the main zone from February to April.
At that level, traders can look for entry points based on the chart. (See chart for details)

ETH: Same position, no change.
Immediate resistance is between 2,139 and 2,171.
In recent days, it has failed to stay above the midpoint of this range at 2,155.
So the intraday target is to hold above 2,139 and look for a move toward 2,170.
On Monday, it hit a low near 2,175.
This week, it has mostly been hovering above that low, forming a horizontal platform,
roughly between 2,090 and 2,125, with some smaller levels in between,
see the chart for details.
Operationally, it’s recommended to defend at 2,090,
and during this consolidation, look for opportunities to buy low and expect a rebound.
For those wanting to add positions, the defensive level is also easy to identify—use 2,155 to hedge risk,
which offers a good risk-reward ratio. (See chart for details) #Polymarket每日热点
BTC-0.49%
ETH-0.41%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned