July 4 BTC/ETH Mith Strategy

Happy weekend, congratulations to the double-bottom long players who fully followed along this time. Now we've reached the stage of rewarding contributions. If you want to show determination and make achievements, you'll have to wait for the next market cycle. Looking back at this round of the long battle, Mith formulated a complete strategy, from the establishment of the double bottom, the judgment of core support, to the confirmation of chart signals—everything was explained in detail. Remember, divergence creates entry value, and the subsequent gains are your reward for correctly judging that divergence. Take ETH as an example: starting from early June, the 1533-1575 range was marked as the core support zone. After a sufficient large time span, the third retest confirmed it again, and the double-bottom pattern was very obvious. Therefore, it is recommended to act based on this expectation. Any trading involves making predictions, but you need logic behind those predictions. Many readers blindly believe in hearsay without ever paying attention to the underlying logic. For example, someone casually says ETH will break below 1000 or BTC will reach 100,000. It's fine to believe, but what is the logic? Is it a black swan, a Great Depression, or some other issue? In short, don't go with the flow without any logic. I hope all readers will slow down. If you choose to read my posts, they are long, but please persevere. Slow is fast, and you will surely reach the value you desire.

BTC : The technical picture is especially clear and simple, fully running according to the strategy. The key to the double-bottom logic working is reaching the 62888 level. You can clearly see that the price has now entered this range. During the rebound in early June, Mith identified three zones. At that time, they were captured but later lost. The current resistance remains the three major zones formed by the 62888-64150-65300-66750 range. The difficulty is increasing because the selling pressure from trapped positions ahead will clash head-on with the long positions taken from the bottom. Currently, the long trend is intact, with no adjustment signals yet. For the day, pay attention to the performance of the first zone 62888-64150. If there is a wick pullback within this zone without breaking the upper track, you can use 64150 as a defense and then take a short position. For those already holding longs, it is recommended to continue holding and wait for a pulse signal for a change. Of course, if you think the neckline has been reached and want to lock in value, you can exit. Re-entering is not ideal because the resistance is too close. A wise man does not stand under a hazardous wall. Knowing the resistance is right in front, do not take low risk-reward trades. (See chart for details)

ETH : The mid-June recovery left three resistance levels: 1790-1825-1850. The long recovery’s target ahead is this area. Currently, there is no short signal. All short logic is based on left-side attempts at resistance levels being valid—do not push heavy positions. The current situation is that the price is at the city gates. The longs may go straight to hit the upper resistance in one go. It is recommended to wait for a right-side signal (a spike and pullback, a large bearish candle engulfing the long, or other signals) before adding shorts. The current position for longs is also awkward; the resistance is very close, and the risk-reward for those without an entry is low. You can watch for a pullback to the 1669-1715 range for a re-entry opportunity. It is recommended to study the chart carefully. If possible, view it on a computer—all the content is in the chart. All points and lines were drawn in advance and have successfully worked many times. (See chart for details) #非农爆冷打压加息预期 $BTC ‌