March 5 Night BTC/ETH Misen Strategy


Long story short! Currently in a chaotic phase, the first round of rebound targets have all been achieved, marking a sort of conclusion. The new direction will emerge in the next couple of days. Tomorrow is Friday with non-farm payroll data; the market will be watching whether the "Strait of Hormuz" can be navigated smoothly, whether crude oil prices will fall back, and whether tomorrow’s data will favor the next wave of Federal Reserve interest rate hikes. These news factors will play a significant role in shaping the new direction. Keep a close eye on these areas.

BTC: The technical analysis provided this morning is very clear. It is recommended to look for opportunities around the lower boundary of 71,400-74,400, with the lowest near 71,700, which is exactly the lower boundary of my point level chart’s box. The upper boundary has nearly 2,000 points of space, making it quite valuable. The lower boundary has support, and the upper boundary will face resistance at 73,550-74,400. For now, observe how this box consolidates—both bullish and bearish opportunities exist. If it breaks through 74,200, it could reach the larger box at 78,500. If it falls below 71,400, the support levels below have been analyzed previously; just refer to the chart.

$ETH

ETH: The technicals just broke through the first rebound high point of early February at the 2100 integer mark. After nearly a month of wide-range consolidation, the chip structure should be very stable. Looking back, the fluctuations over this month have been large. Those who are not confident in this breakthrough might not see it, but for strong chips, I am inclined to be more optimistic. Today, the market is also testing 2100 as support. The morning tweet suggested that 2075-2100 is a good entry point. Those who entered are also gaining good value. Currently, I still see a consolidation range of 2100-2170. The upper resistance is at 2170, with last night’s high around 2197. If 2100 support is lost, support will shift down to the main camp at 2038-2075.
ETH-2.46%
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