April 16th BTC/ETH Mishi Strategy (Crazy Thursday)

Last night’s live broadcast mentioned positions that have already been reached. I don’t know if the market has reached the target position or if the bulls have already entered the market. You can check out my live replay, where I explained the levels and logic very clearly.

Today’s Thursday trend is very critical. Tomorrow is Friday, followed by the weekend. The technicals are already close to this week’s high below the resistance. It’s a matter of whether it can go higher; if it can, it will continue to expand upward. If it can’t, it’s like rowing against the current—it will need to settle and consolidate. The key levels for intraday trading have been marked by Mishi; please check them.

BTC: The live broadcast mentioned that the bulls might try to reach the 74,869-75,550 range. The target for the bulls is the entry point for the bears. The night session just hit this zone, and having the first move for the bears is very comfortable. Currently, the result shows strong selling pressure, unable to stabilize, and a re-test of the 74,400 support level. Those without the first move should watch whether it will attempt to break this zone again intraday. The defense level is the upper band at 75,500.
If the bulls break above 75,500, they can look toward multiple target levels at 76,000-76,600-77,300-78,500. If 74,400 support is lost downward, the support from yesterday’s horizontal consolidation zone, after being used by the bulls, will weaken and only support small arbitrage trades (a quick lick and run). For those wanting to hold positions, look for larger zones around 72,279-73,000 and other oversold areas. Defensive levels are the lower boundary of the marked box, as shown in the chart.

ETH: During the night session, it reached the 2,380 level as planned. It failed to break above 2,380 twice. The intraday resistance is at 2,355-2,380. Last night, I took a short position with a proper setup, creating a safety cushion that can be adjusted slightly. Those without a first move can look for opportunities within this zone intraday. The stop-loss for those without a first move is at 2,390 to avoid being hit by a spike. If ETH breaks above 2,380, there are multiple target zones at 2,430-2,460-2,505, where traders can look for a follow-through entry after the breakout.
Watch the support at 2,330 below. If it is broken repeatedly, the consolidation chips from yesterday could reverse and accelerate downward. There are three major levels below at 2,230-2,268-2,300. If there’s a spike, it can be used to add to the short positions at these levels. (See chart for details)
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