July 8 BTC/ETH Mith Strategy

News: The US strikes Iran again, but the market hasn't shown excessive panic. The story of "the wolf is coming" has been told too many times, and participants are gradually desensitized. This is not a bad thing for those who follow technical analysis. Focus on the FOMC June meeting minutes at 2 AM on July 9, the first meeting hosted by Warsh after taking office. This will echo last week's non-farm payroll data. Given the noticeable rebound in the market after the non-farm data was released last week, it's worth looking forward to whether tomorrow's early morning FOMC meeting minutes will carry forward the trend or change direction.

BTC: If you have drawn Mith's support/resistance lines on the chart synchronously, you can clearly see how accurate Mith's positions are. All lines were published in advance and have been verified by history. Last night's session exactly hit the upper rail of the first box at 64,135, accurate to the last digit. Since the technical picture is so clear, there's no need to worry too much. Pay attention to the content of tonight's news events. The intraday operation logic is also simple. Since the box of 62,888-64,135 is effective, those going short can use the upper rail as a stop, and those adding to longs can use the lower rail as a stop. As for adding positions, it's recommended to wait for a major signal before participating cautiously. The major support below at 60,800-61,800 has not changed, and the three major resistances above for bulls have also not changed. Trade ranges intraday and wait for the news event to land. (See chart for details)

ETH: Last night, ETH tried to shake off the influence of US stocks, but unfortunately failed again to break through the 1809-1825 node, and then retreated. The intraday resistance level is clear at 1809-1825. For those shorting at highs, use this area as a stop uniformly, and add shorts below this range. Supports below: 1755-1730-1715-1669. Focus remains on whether it will retest the near support area of 1669-1715. Adding longs should also consider looking for signals in this area to attempt. For going long, there are still two approaches: 1. After a breakout, add on the first pullback. 2. Buy on dips when it retests the support area. Don't mix in too much subjective speculation; follow the strategy and the chart. (See chart for details) $BTC ‌#Strategy上周减持3588枚BTC