June 8th BTC/ETH Mishi Strategy

The panic sentiment has eased somewhat, and specifically, even though the external markets are adjusting (Korean market adjustments), and the night trading sees geopolitical conflicts re-emerging, the crypto circle is no longer as panicked as before. Since the market sentiment is showing signs of easing, I still emphasize that everyone should not scare themselves. When signals appear, just operate according to the signals. I have repeatedly stressed that this path is about survival, picking up bloodied chips, and obtaining the value of the 60,000+ Bitcoin or 15,000+ Ethereum. The value is very objective. If you want to fully cover the losses from the previous adjustments, you should seize the current window of opportunity, focus more on your operations, and strive to repair the losses caused by irrational adjustments earlier.

BTC: After reaching 62,800 for the first time yesterday, the night session chose to retest support, stopping above the support zone of 60,800 in advance, initiating the second round of recovery, and achieving the first two of the three major targets at 62,880-64,100-65,400. The overall trend shows a very standard and complete recovery pattern. The current trading idea is simple: the 64,100 level touched in the early morning is used as a defensive position for short positions. Below this level, add to short positions to capture distrustful value. If it breaks through, use the next resistance at 65,300 as a defense, and add to short positions below it. There are two ideas for adding positions: ① a trend-following breakout approach, confidently believing that the current 62,500-62,800 platform is just a consolidation, and there will be a push above 64,100, with 62,200 as a defense. ② a retest support approach for adding positions. Since there are multiple supports for this recovery, signals need to be found on the spot, using the lower boundary of the box to defend. For example, I provided several ranges between 60,800-62,300, and if I add around 61,300, then use the next support at 60,800 as a defense for the short position, and so on. It's quite simple. (See the chart for details)

ETH: The long-anticipated 1669 has finally been reached this morning. The current rebound started from the low of 1504, then moved sideways between 1533-1575. After breaking through yesterday morning, the night session saw sideways consolidation between 1600-1640. After reaching 1669 this morning, I will observe whether it mimics the previous two platforms, consolidating between 1669-1714, and then pushing towards the space of 1745-1796. In terms of operations, in the short term, use the high point of 1715 as a defensive position for short positions, and add to shorts below this level. For platform breakout attempts, target 1669 for shorts, with 1639 as a defense. For retest support attempts, I recommend confirming levels between 1575-1610, which will have higher confidence. (See the chart for details)