April 18 Evening BTC/ETH Míshén Strategy

The news still revolves around the progress of US-Iran relations and the opening of the Strait of Hormuz. Currently, there are some worsening relations, so continue to stay attentive. Unpredictable news can be countered by focusing more on technical analysis; the target levels and high points mentioned in the previous live broadcast have been successfully reached. If you haven't entered the market yet, don't rush. The latest strategy has been updated.
BTC: Last week, it was indicated that the key level for Bitcoin to break upward was 78,500. The highest in the early morning was 78,272. The trend is strong but the shape is not, meaning the target has been achieved. The bulls have reached the goal, so take profits (stop gains) and hand over the chips. For a pullback, look for support confirmation. Currently, it’s still within the 74,400-78,500 big box. However, the area between 74,400-75,550 can be considered a support box. Pay attention to feedback in this zone; if there are signals, consider going long (which is against the trend). If it recovers upward, 77,300-78,500 will be a major resistance zone. Near this area, consider shorting with the upper band as a target. (See the chart for details)

ETH: The target of 2,460 has been reached, originally set within the 2,460-2,505 big box. After touching the lower band, it started to adjust. Currently, it’s testing the consolidation box of 2,330-2,380. If it breaks below 2,330, be cautious of acceleration downward. For upward recovery, consider shorting at 2,380-2,400-2,430. Last night, after reaching the target, the short signals were quite clear, and the news was also bearish. (See the chart for details) $ETH ‌#Gate13周年现场直击