April 22 BTC/ETH Mishi Strategy

A Rebirth of Uncertainty! The news backdrop is no longer simply pushing things left or right; more often, it’s stuck in mid-swing. In the overnight session, the U.S. extends the ceasefire deadline, and Iran agrees to pause fighting, but states that the battle has not ended. Neither side has reached an agreement for face-to-face talks; this kind of tug-of-war and fragmentation atmosphere is sweeping up the global markets. As participants in the market, we still need to stay patient—burrow down in this thick fog, wait for the first ray of dawn to fall, and seize the opportunity at daybreak.

BTC: Benefiting from the news of the extended ceasefire, Bitcoin once again attempts to sprint into the key zone of 76,600-77,300. Although the direction on the chart remains unclear, Mishi still believes this zone is a high-value, high-probability position. In short, use last Friday’s high of 78,300 as your defense; below the defense area, taking shorts in the higher timeframe is worthwhile. For intraday shorts, there are two ideas. The first is the left-side approach mentioned earlier: defend with 78,300 to take shorts. The second idea is to patiently wait for price to sprint after it hits the upper rail of the box at 78,300-78,500, then pay attention to whether the market continues pushing higher or sells off after spiking. A sell-off after a spike will, together with last Friday’s high, form a double-top pattern—then taking shorts will be even more convincing. As for Dots (shorts): you’re not currently in a relatively low position. The only logic for taking shorts is the combined strength of both sides—wagering on a breakout. In the box range of 74,400-76,000, anyone who wants to short can jump in anytime. Mishi subjectively hopes to be given an opportunity for another pullback below 73,000 before considering adding to shorts.

ETH: Even if there is overnight news about the extended ceasefire, ETH still has not been able to break through the 2,330 resistance. At present, the 2,330-2,380 area is the strong resistance zone. Since ETH has been ranging in the short term, the visible trading range is not large enough for a favorable move; if you don’t have the first entry, it’s still suggested to wait until volatility increases, then supplement the short positions in a timely manner. For short positions, pay attention to the first zone: 2,355-2,380. Second, pay attention to the 2,400-2,430 zone. For long positions, watch for opportunities below 2,200-2,230. (See chart) $ETH ‌#Gate13周年现场直击