July 12 BTC/ETH Mi Shen strategy

In the early session, the US launched its third strike against Iran this week, so a sharp drop occurred. This is still pressure of the “hit to force talks” type (both sides don’t want a full-scale war; similar mutual strikes in late June also happened and were gradually cooled down). But this time the scale and intensity are clearly higher than in June. The Strait of Hormuz passage also has issues. However, the market’s follow-through and acceptance are very good. The night session may confirm this early-session pullback. If it can be repaired, it means the bulls are strong; if a repair fails and there is a second drop, it could trigger the bears to reverse and cause an even deeper retracement.

BTC: Yesterday’s tweet strategy was profitable. Using the No. 2 range midline at 64730 as defense is very safe. It’s still trading sideways in a pressure position. Even if there were a favorable break in the early session, it can still slowly repair—this in itself is a strong-bullish (bulls holding firm) signal. So pay attention in the night session to an upward second confirmation of the bulls’ target. First watch the start point of the early-session drop near 64400. If during the day you added some orders midway, the defense should be unified at this position. As long as 644 is repaired, treat it as “a counter-cover means strength” across the board—don’t discuss “maybe,” “but,” or similar content. If you still want to add orders, use 644 as the defense. If bulls don’t take a low-buy entry within the day, it’s very close to the pressure area. “A gentleman doesn’t stand in a dangerous wall” doesn’t require proving your bullishness. It’s better to wait until it breaks and then do a pullback to add orders, or add on a deeper “fake breakdown” before turning up. In the night session, just focus on whether the No. 2 range midline at 64730 can be taken. (See the chart for details)

ETH: You can not believe Mi Shen’s logic, but you can’t ignore Mi Shen’s levels. The accuracy at 1825 should be evident from the chart. After the night session reached this level, it met selling pressure and pulled back. The start point of the early-session drop was around 1810. So in the night session, the pressure that needs to be confirmed is 1810–1825. Therefore, all buy orders (plans) agree: suggest placing defense around 1825. If it counter-covers, then just exit honestly. Hitting a quick “return swing” after it gives a signal isn’t a loss. It only makes people feel annoyed if they get trapped. Below, 1755 (lower rail), 1772 (midline), and 1790 (upper rail) form a dense order/position area. If intraday adjustment stops above the midline, then the night session’s support should first be 1772–1790. If it breaks and moves into the lower half, you can consider a low-buy, using 1755 as the defense. Don’t understand? Look at the chart. If you can read the chart, the logic will be clear.

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