June 28 BTC/ETH Mither Strategy

The news today dropped a bombshell. After the US-Iran ceasefire agreement was implemented, the situation sharply reversed, with both sides engaging in military exchanges for three consecutive days. Iran used missiles and drones to strike US military facilities in Kuwait and Bahrain, prompting Trump to issue his harshest warning, stating that if Iran does not stop the attacks, "the Islamic Republic of Iran will cease to exist." Navigation through the Strait of Hormuz is once again under serious threat. This explains why the market has struggled to recover after three tests of support on the technical side—the uncertainty of the news has severely dampened the willingness of bulls to enter, and panic sentiment continues to suppress buying.

Crypto-related stocks saw particularly severe declines, with Coinbase and Circle down 69% and 72% from their all-time highs, respectively. Bitcoin briefly fell below $60,000, and Ethereum dropped to around $1,500. The large-scale pessimism is real, so don't underestimate it. However, there are also noteworthy on-chain signals: a new wallet withdrew 1,350 BTC from Binance, worth approximately $81.87 million, and SharpLink accumulated a total of 39,196 ETH over three days, costing $62.43 million. Whales are still scooping up assets in this area, indicating that the current position still holds speculative value.

Additionally, there is a classic negative example today: the whale "sat0shi777" got trapped on both long and short positions, with a total floating loss of over $3.09 million on a $102 million position. This story tells everyone that operations without defense will ultimately get hit on both sides. The defense levels that Mither emphasizes repeatedly are not just for show. Follow the plan and stay patient.

BTC: Technically, the 60,800-61,800 range is the near-term resistance. It hasn't broken through, and below is the support platform at 58,000-58,500, which has been confirmed three times. Since resistance has not been broken, look for support on a pullback. Pay attention to whether there will be any bullish resistance in the 59,000-59,500 area. If you want to add longs, look in this zone and use the support as defense. On the news front, the US-Iran conflict has escalated again, and panic selling cannot be ruled out. Below, the 50,500-55,800 range is a large box for 2024, which has been confirmed multiple times. If further panic emerges, this area will come into play. There are currently no trend reversal signals, so don't bring too much subjective speculation into your operations. Just participate based on chart signals. There are plenty of high-value positions available, so maintain enough patience. (See the chart for details.)
ETH: The technical picture is clear, with resistance above and support below, both confirmed. First, let's talk about support. 1,533 has been tested three times on the 1-hour chart, and the 1,533-1,575 area is also the starting platform for the first stop of the decline on June 6. Bulls are looking for support near this area to attempt. The long positions previously suggested have also reached the first target of 1,607 set yesterday. You can review yesterday's tweet—it was almost spot on. After hitting the target, price pulled back for a retest. First, watch whether there is a reaction around the core support pivot at 1,550. If there is a reaction, enter long to test the market, using the lower rail at 1,533 as defense. If there is no reaction, watch the triple-test area of 1,510-1,533. This is the last line of defense. If it fails, below is the 1,383-1,475 range, which was the lowest point during the US-Iran conflict in 2025 and the B2 takeoff. Panic cannot be ruled out. For adding shorts, use 1,607 as defense and look for opportunities around 1,590 to add tickets. The support below is the target for shorts. (See the chart for details.)
$ETH ‌#BTC下探60000美元关键关口