May 29th BTC/ETH Mishen Strategy

Yesterday, Mishen's suggested range was perfect; the only minor flaw was that the space for the head expansion was too small. The weak market is just like this, with concerns from the news side constantly suppressing the rebound. If you get a good early position, you can take profits quickly, or use it as a safety cushion for a proper setup. Let's take a look at today's position.

BTC: Bitcoin, according to the plan, faced resistance within the 72,300-73,000 range, with the near-term upper boundary at 738-744 as a resistance zone. The intraday correction ends here. For a short position, try using 744 as a defense. If you want to add to your position, there are two options: the first is to look for a reorganization in the 73,000-73,550 range during the night session, using the low point of 72,500 as a defense; the second is to find a spike above 71,440 to catch the needle, with 71,440 as a defense. (See the chart for details)

ETH: Yesterday, resistance appeared at the 1965 mark. Mishen's suggested range of 1909-1965 was slightly conservative, but it doesn't matter. The near-term resistance is the familiar zone of 2038-2075. During the night session, it also faced resistance near 2038, with a maximum touch of 2029 before starting to fall back. Support is based on yesterday's sideways range of 1965-1989. For adding to the position, continue looking for opportunities to catch the needle between 1909-1965, which offers better value and certainty. (See the chart for details) #美伊谈判博弈