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11 April BTC/ETH Mishi Strategy:
Weekend main points: Islamabad time morning ( Beijing time afternoon ), the delegation will meet with Pakistani Prime Minister Shabaz as scheduled. According to the White House's previous release, the first round of US-Iran negotiations is also planned to take place during this period, and the special envoy stated that the negotiation results will be clear within 24 hours. Mishi looked in many places but did not see a specific timetable, so stay tuned for real-time news then. Anyway, both sides are making tough statements before the negotiations, no success means risking everything! Failure will be met with double retaliation, and the market is also waiting for the shoe to drop; neither side dares to push aggressively for fear of collapse, nor to sell off for fear of peace. However, after the meeting starts, some information will definitely leak out; at this level, we cannot get first-hand news, just watch the market signals.
BTC: Currently, the bullish trend is complete and has reached a new high for this phase. It is not willing to go further for now, mainly because the news-related shoe has not yet dropped. Both bulls and bears are holding steady. Pay attention to the pressure near the upper boundary of the large box at 71400-74400. Below, watch the support at yesterday’s consolidation platform of 71800-72250. The final support is of course the lower boundary of the box at 714; if it is broken, it is highly likely that the negotiation results are not optimistic.
Trading idea: Currently, going long is trend-following, but the difficulty is controlling costs; at high levels, it’s only a gamble on a breakout. If you are confident in your judgment, just click to chase the long. For short positions, refer to Mishi’s point chart; when you see signals at recent highs, add a short below the recent high, using the high as a defense, and then infer internally, trying small positions. It is recommended to wait for the news to come out before adjusting positions.
ETH: The bullish trend is also complete, currently inside the pressure box at 2233-2268. The highest point of good news on April 8 was also here, so intra-day look at whether the price can break 2268. After that, look at the 2299-2330 area (verified historically). Support was formed at 2215-2233 during the night session; if broken, look at yesterday’s and the day before yesterday’s consolidation platform at 2170-2200.
Trading advice: Bulls should pay attention to the rebound effect at support levels and consider adding positions (see chart). For short positions, use the recent pressure as a defense, for example, the recent 2268 is a pressure level, or wait until reaching 2299-2330 to participate in shorting. $ETH #美伊停火协议谈判再生变故 #Gate广场四月发帖挑战