June 27 BTC/ETH Mi Shen Strategy

Happy weekend, we've reached the tail end of June. As the saying goes, "May is poor, June is desperate, and July turns the tables." The first two have matched, so let's see if July can bring a turnaround and keep our expectations up. On the news front, there are a few points worth noting today. BlackRock's ETF address deposited another 2,700 BTC and 41,996 ETH into Coinbase, sweeping up purchases for consecutive days, and institutions' intent to bottom in this area is becoming increasingly clear. On-chain, there's an interesting divergence: a whale that had been dormant for 8 months re-emerged to short Ethereum, with a short position valued at $19.7 million, while another whale chose to sell 464 Bitcoin and switch to 17,750 ETH, valued at $27.56 million. For the same asset, the directions of major players are completely opposite, indicating extremely high speculative value at the current level. On the macro level, AI application software stocks in the U.S. market rose against the trend, with ServiceNow and Figma up over 5%, followed by Palantir and Microsoft, showing that the AI narrative still has support at the application layer. The optical communication sector continued to weaken, with LITE down nearly 9% and COHR down over 8%, and the valuation compression on the hardware side is not over yet. Weekend liquidity is thin, so slow down the operation pace and execute as planned.

BTC: Let me emphasize again that it's currently in easy mode. The technical picture is very clear. What readers need to do is figure out which direction you lean toward, then use Mi Shen's defense levels to enter and verify. Yesterday, I mentioned that a short-term triple test is trustworthy. Last night's re-entry level at 59,500, as it stands now, this bit of space is the maximum value that can be captured. The target remains unchanged, look toward 60,800-61,800. The core goal for the bulls is to reach the neckline and reopen the upward channel. For those looking to short high, it's also simple: the first defense level is 61,800, the second is 62,888. In short, the bulls' target is the entry point for the bears. BlackRock's continuous sweeping aligns with Mi Shen's judgment—institutions do not repeatedly build positions in the wrong place. (See chart for details)

ETH: Last night's post mentioned that 1,550 is the best re-entry level. Here, we continue to aim for a double bottom pattern. 1,533-1,575—no break, no establishment. After multiple retests confirmed effective, it remains the core support zone at this stage. Worth noting is the switching signal on-chain, with a major player choosing to reduce BTC and add ETH at this level, indicating that ETH's appeal at the current price is being repriced by some institutions. For intraday re-entry, watch the range midline at 1,550, with the lower rail at 1,533 as defense. Intraday bull recovery targets are 1,639-1,669. For shorts, use the upper rail of the box as defense. (See chart for details) #美光市值超越Meta跻身全美前十 #BTC下探60000美元关键关口