June 3 Night BTC/ETH God of Rice Strategy

Congratulations to those who successfully caught the dip today; both Bitcoin and Ethereum hit the upper boundary of the black swan area on the point chart and successfully stopped the fall. The box of the God of Rice is nothing more than the upper boundary, the midline, and the lower boundary. For those who don’t know how to use it, take a look. When the price approaches the upper boundary of the large box, use the midline as a defense; when it approaches the midline, use the lower boundary as a defense. For high positions, reverse this logic accordingly. Although the point chart is precise, going from knowing to doing is very difficult. This round, the God of Rice is also limited by position size. After reaching the target position, there is actually no room for operation, so trading discipline must not be violated; otherwise, there will be a price to pay.

BTC: There’s no need to panic again here. At least a rebound is needed in the near term to do some consolidation. If there is no opposing market force, then it’s over. Since the black swan area upper boundary at 65,400 on the chart has been effective, I will not change this position. Pay attention to a retest in the 65,900-66,700 range during the night session for a second confirmation. It’s recommended to gamble on a double bottom, using 65,400 as a defense. For high positions, refer to the chart’s resistance levels. (See the chart for details)

ETH: The black swan area given in the previous post is 1772-1825. The intraday low was 1816, so this range also proved effective. If you choose to believe in this position, then during the night session, watch for a second retest in the 1825-1845 range to add positions, using 1810 as a defense. If the black swan area is broken below, then there will be no more support levels below. (See the chart for specific levels)