May 27 BTC/ETH Miken Strategy

The news has gained momentum again, with both sides sticking to their own arguments. These topics are unavoidable, and I hope this farce ends sooner. Plus, the recent storage concept has been quite eye-catching, with obvious capital flow diversion and average liquidity. Fortunately, recent trends have mostly been moving along key levels, making swing trading more comfortable. If you want to trend trade, it might still need some time to brew; don’t expect it to move too slowly, and take profits when the position looks good.

BTC: Yesterday, it attempted to break above the upper band at 78,500 but failed. After the upward attempt was hopeless, a quick correction followed, and today it might test the lower band at 74,400 again. The near-term support at 76,666-77,300 was broken and turned into resistance. Consider adding a position around this range, with 77,800 as a stop-loss. If it drops further, the first support level is 74,800-75,200, with 74,400 as a stop-loss. If it accelerates downward, look at the second support at 72,250-73,000, using the lower boundary of the larger box at 71,400 as a stop-loss. The technical picture here is very clear, and the stop-loss levels are well defined. Since news cannot be predicted, we should do less and not worry about what hasn't happened. Use market signals solely as entry and exit criteria. (See chart for details)

ETH: It’s a matter of three strikes. Since the pullback near 2,000 on the 23rd, it has failed three times to break above 2,140. Last week’s long-term platform at 2,090-2,125 remains a consolidation zone. Today, see if it can return here; if not, consider adding to short positions around this area, with 2,125 as a stop-loss. The night session retraced to the old friend’s median line at 2,055, which provided resistance. The key is to recover upward; the core of the bullish outlook is to break above 2,140 to open space. Given the long-term support at 2,038-2,075, it’s still possible to use 2,038 as a small stop-loss for the first attempt. There’s also a zone at 2,015-2,038; more conservative traders might consider adding here, with the 2,000 low on the 23rd as a second stop-loss. (See chart for details) #股票交易挑战最高赢17000U #美军打击伊朗