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June 12 BTC/ETH Míshén Strategy
Currently, the credibility of the news is too low; perhaps the U.S. side will release positive news one second, and the next second, the Iranian side will deny it.
The night trading session canceled a planned strike operation, and the market experienced a brief rebound.
Although there was a statement about ending the fighting, it was immediately clarified by Iran.
Such repeated back-and-forth makes it unclear when a result will be seen.
In short, I hope both sides can reach a binding agreement soon.
BTC: Riding on the positive news, Bitcoin attempts to push for the high of 64,100, the first recovery level from June 8.
Unfortunately, the momentum is insufficient.
Currently, it is trading within a narrow range of 62,888-64,100, oscillating sideways.
In terms of operation, use 64,100 as a cautious defense level for high positions, and consider waiting for signals on the right side for low positions.
Pay attention to the support zones in the point chart.
The overall pattern is more sideways now, without the previous large directional move.
It mainly needs a trigger for emotional recovery.
In a choppy market, both directions have opportunities.
Don’t blindly stick to a pattern.
ETH: The only confirmed resistance levels are 1669-1715, which are obvious.
During the night session, the price faced resistance around the midpoint of this range at 1690.
It has now broken below 1669.
Today, watch whether it can stabilize above 1669.
In terms of operation, use the night session high of 1690 as a defense level to attempt to go long.
Pay attention to the support at 1639 below.
A choppy market is relatively simple; the key is not to have overly high expectations.
Don’t always expect extraordinary moves; breakthroughs are not that easy.
In a sideways market, rely on support and resistance levels for flexible trading.
If the rhythm doesn’t suit you, you can also rest.
Wait for a breakout in the volume-driven direction before entering.
(See the chart for details) $BTC