June 5 Night BTC/ETH Míshén Strategy

The market's pessimistic sentiment is obvious, and misfortune keeps piling up—ZEC's backdoor incident has once again plunged the already fragile crypto market into panic. Originally a privacy-focused category, it was found to have an infinite inflation bug. When one day the underlying logic of the entire circle no longer makes sense, participants will vote with their feet. The final result is what we see now—no panic selling has emerged yet, and the market remains weak. To break the deadlock, watch whether under strong external forces, a reversal of the situation will occur. This kind of energy can only be observed through news, as the market will only move in the direction of least resistance. Currently, the stampede effect is obvious, with continuous liquidation of chips.
It's better to stay alive first, hold your chips patiently, and wait for the cheapest bloodied chips before considering entering. If you have an early position, adjust your layout accordingly. Once the trend boat is steady, don’t easily abandon ship.

BTC: Be a bit pessimistic and look at the area between 50,500 and 55,800, which is the core support zone for 2024. In February 2024, it briefly consolidated here, confirming the support effect of this area. For a more extreme view, consider the 45,000 level. This is the high point of the consolidation platform at the end of 2023. In the near term, watch whether the 55,800-59,500 area shows signs of a V-shaped reversal; otherwise, don’t try to buy on the left side easily. The resistance levels above are 62,900, 64,100, and 65,400.

ETH: It has already reached the position of the US-Iran conflict in April 2025. The first support zone here is 1,533-1,669, and the second is 1,383-1,533. First, see if 1,533 can resist; if panic occurs, and it doesn’t break below 1,383, then buy above 1,383, using 1,383 as a defense. Short positions only require enough courage. Here, the big trend is bearish. If you don’t have an early position and want to add, just click once. For those with an early position, set a floating stop-loss and adjust your layout accordingly. See the chart for details.