June 25 BTC/ETH Mi Shen Strategy

This round of adjustment was entirely within Mi Shen’s predictions. Those who followed the train of thought should feel confident and not panicked. On the news front, Trump continues to pressure Iran, reiterating that inspectors will enter Iran at an appropriate time. US-Iran negotiations are still progressing but at a slow pace, and the verdict has not fully landed yet. This explains why after the good news was fully priced in, the market chose to continue its downward move to complete a shakeout of positions. On the positive side, BlackRock once again deposited 2,700 BTC and 52,956 ETH into Coinbase yesterday. Institutions are consistently and firmly scooping up assets in this zone, completely aligned with the logical direction of Mi Shen’s double-bottom add-long strategy. JPMorgan simultaneously raised its year-end target for the S&P 500 to 7,800 points, indicating that the market outlook is approaching a "blue sky" scenario, with a moderately friendly macro environment in the medium term. Proceed according to plan and wait patiently for signals.

BTC: Last night’s post reminded everyone to consider the huge gap between Bitcoin and Ethereum, so the planned add-long at the support zone of 60,800–61,800 was canceled. Why is this gap valid? Because the sentiment of these two assets is highly synchronized—when one rises, both rise; when one falls, both fall. In the early morning, Bitcoin and Ethereum simultaneously completed a large-scale double-bottom move, with Bitcoin hitting a recent low of 59,066, which exactly echoes the low from June 6. The current focus is to confirm whether this double bottom holds. The key to confirmation is that the long-side recovery must reach the neckline—the starting point of the previous three zones at 62,888. Intraday operation is simple: use the overnight low of 59,000 as a defense and look for an add-long in the 595–600 range. If the double bottom holds, the upside space is sufficient, and the risk-reward ratio is favorable. If you are not convinced and expect further downside, you could use 62,888 as defense and add short below this level to bet on lower prices. The next downside target is 55,800, a level confirmed multiple times from August to September 2024. (See the chart for details.)

ETH: The predicted level last night was perfect—1550–1575 accurately bottomed out. Congratulations to those who kept pace. The technical picture is clear: 1533–1575 is the core support zone. A positive reaction at this level is a good sign, and we are aiming for the same large-scale double-bottom pattern. During intraday trading, watch for add-long opportunities around 1575–1607, using the overnight low of 1550 as a defense to isolate risk. The upper neckline targets are 1669–1715. Mi Shen’s recent strategies have been consistent; as long as you follow the train of thought, you will be perfectly in sync with the current market rhythm. The double-bottom idea was also shared in advance: if the recovery falls short of expectations, you can short first and then wait for a second retest to add long. If you don’t understand, feel free to ask me. (See the chart for details.)
#BTC下探60000美元关键关口 $ETH ‌