May 6th BTC/ETH Miken Strategy

During the holiday, I took a look at some long-established low-cap altcoins, and I could vaguely smell a bullish vibe. All of the DOGE/SUI/PEPE/SOL I mentioned last week were rushing out in front—this is a good sign. Plus, all the various news and events this month, from the perspective of expectations, are potential positives. After BTC and ETH’s correction in January and February, their consolidation and reorganization have already lasted more than 3 months. The depth and width of the technical trading range are sufficient. The timing, location, and people are all in place—now it just depends on how the price action performs.

BTC : The first target of 81,700 that I had set in advance has already been achieved, but it still hasn’t managed to push further and open up the larger range of 81,700-85,150. If repeated attacks fail to break through, be cautious that there may be another recent “fake breakdown” to test the market. As for intraday charting, first look at how the lower boundary of that upper large range holds. If after the 81,700-82,680 area you see a high-and-fade move, you can position in that area with the target placed at the lower side’s round number level at 80,000. The bullish trend continues; for now, I don’t see a good opportunity to buy the dip. If you want to add a bit more, only consider it if you get a pullback into the 78,500-79,750 area—then you can use 78,500 as protection and buy the dip to top up. (See chart for details)

ETH : The technical issue is similar: 2,380 still hasn’t been able to break through strongly, but there haven’t been any “top formation” signals either. The repeated inability to break is, for now, treated as building up momentum, but you also need to be mindful of the bulls’ fragile mindset—one small change in the wind can easily make them change their stance. Intraday, use 2,330-2,355-2,380 as three staged targets. The bulls’ targets are 2,400-2,420-2,460 (corresponding to the three prior highs). In terms of execution, adding and buying the dip can only be done by waiting; chasing just needs a bit—reduce unnecessary thinking. When a signal appears, participate. Believe first, then verify. (See chart for details) #比特币站稳8万关口 $BTC ‌