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May 25th Bitcoin / Ethereum Miken Strategy
The retracement and rebound position given in yesterday's tweet was perfectly validated at 5 a.m.
Bitcoin and Ethereum both precisely hit the predicted retracement zones and showed rebound signals. Congratulations to those who entered the market.
The news indicates that both sides may ease relations and sign an agreement; such high-level information cannot be doubted or verified, so we can only choose to believe it first.
The market also reflects this feedback—reducing exposure means not overanalyzing things beyond our control.
Proceed according to the plan.
BTC:
Yesterday's tweet indicated the retracement zone, and Bitcoin just reached around 76,000.
Currently, it’s attempting to push toward the 78,500 range again, but to reach 78,500, it must first pass the 76,666-77,300 zone.
This is the area where it consolidated sideways all last week, and yesterday’s high was also around 77,300.
In terms of operation, if the first attempt at 77,300 fails, a retracement back to near 76,666 can be used to add longs, with the 76,000 low from 5 a.m. as a stop-loss.
If it breaks through, look toward 78,500.
For shorting, use 78,500 as a stop-loss; temporarily avoid 77,300 because it’s very close and could be easily broken. (See chart for details)
ETH:
Night session retraced to the mid-upper zone of 2,038-2,075.
This kind of historically significant zone that influences price over the long term requires caution.
Yesterday’s pulse high was around 2,125.
Today, watch if it can break 2,125 to push toward the old targets of 2,139-2,171.
In trading, if it retraces back near 2,075, consider adding longs, with the 2,060 low from early morning as a stop-loss.
For those wanting to participate in a long position, just confirm the stop-loss position; the immediate resistance is 2,124-2,139.
For shorting, use 2,139 as a stop-loss and look for good entry points. (See chart for details)