June 18 BTC/ETH Miken Strategy

Tomorrow is the Dragon Boat Festival; I wish all readers a peaceful and healthy holiday.
Last night’s FOMC content, simply put, was hawkish-led, meaning they might raise interest rates to curb inflation, so after the FOMC meeting last night, there was a correction, combined with renewed friction in the Middle East.
Multiple factors have completed the current round of target achievement, leading to a downward search for a bottom.
Don’t panic or rush here; compared to earlier panic, this is a cycle full of opportunities.

BTC: The big pancake has formed a textbook-level W double bottom structure, with two tests near 59,100 being supported by the core support zone.
The value of this position is unquestionable.
It has already completed two rounds of recovery.
From last weekend’s confirmation of the 62,888-64,100 as the starting platform, to this week’s highest recovery reaching the early June strong trapped position, which is also the highest of the three major resistance levels I mentioned.
After the recovery, a normal pullback to find support and confirm is expected.
If it doesn’t confirm for a long time, respect the trend.
If you want to try on the left side, use last week’s starting platform as support.
If there’s a spike and recovery, then enter on the right side, using the spike’s low point as a defense.
For example, a spike at 63,000 can be defended with 62,800.
To add to a short position, look for the upper band of the three major resistance levels, with the recent pressure point being the second zone’s upper band at 65,400.
High positions near this level are suitable for adding tickets. (See chart for details)

ETH: The second pancake has risen from the core support, and the entire recovery trend started there—this is the foundation of the dip head, not to be lost.
Last weekend, a consolidation box was formed between 1607-1669, and after a breakout, it accelerated recovery, reaching a target around 1825.
It also encountered selling pressure in early June, causing a pullback.
Currently, it’s turning around to find support, with intra-day tests at the small platform of 1714-1732.
For night trading, if it breaks below here, try to go above 1669 and attempt a left-side spike, using 1669 as support.
In principle, avoid touching the main dip head zone; if it’s really given to the main zone for recovery, then position on the right side, using the lower boundary of the main zone at 1607 as dip head support.
The high position defense is recommended at 1796; for adding tickets, try to approach here. (See chart for details)