June 16 BTC/ETH Míshén Strategy

Currently entering a technically valid red envelope cycle, this cycle requires good rhythm control. The easing of news sentiment combined with panic emotions creates more opportunities for participation. Technical support and resistance levels have all played their roles effectively. The mindset should shift from previous panic and blind trading to proactive engagement now.

BTC: All three major resistance targets have been successfully reached. Going higher, it will challenge the combination of three levels: 67,150 - 69,000 - 71,440, forming two major boxes. The three major support levels below, after breaking through, all turn into support. Watch for pullback effects and look for low-entry opportunities. Treat the box as a whole, mainly seeking support at the lower boundary to add positions. For long positions, use recent highs as a defense, for example, last night’s high was 67,270, so after reaching a new high, exit at the top. (See chart for details)

ETH: Yesterday’s resistance was at 1,825. The strong pulse peaked at 1,848. Use the 1,825-1,848 range as a resistance zone. For short positions, use this area as a defense. The support platform launched last night is between 1,715 and 1,730, so support is in this zone. The three major resistance levels above are 1,859, 1,909, and 1,965, forming the second pattern. If the momentum doesn’t finish, watch whether it pushes toward this zone. If a signal appears, you can also add high positions here. (See chart for details)