May 1st BTC/ETH Miken Strategy

Wishing all bosses a happy May Day: making profits as smoothly as free high-speed internet, worries as zeroed out as pre-holiday clearing, happiness snowballing like compound interest! Keep your hands steady, take steps forward, after the holiday let's continue to capture value together!

BTC: The major news this week has mostly settled, the US and Iran are still in ongoing tug-of-war, but the market has become desensitized to the verbal disputes after many false alarms. From a technical perspective, after failing to reach a new high near the short-term on April 27, two quick adjustments were well absorbed by the market, thoroughly testing the lower half of the 74,400-78,500 range. After the FOMC meeting early Thursday, the market sentiment was mostly bearish, but the market absorbed it well. Currently, it has returned to the previous support zone of 76,666-77,300. If this area can be repaired, look toward the upper boundary of the big range at 78,500, and even after breaking through, it can aim for 80,000. The near-term support remains unchanged at 74,400-75,500; as long as this is not broken, the bulls still have strength. For intraday high-altitude trades, it is recommended to attempt near the first touch of the 78,500 level, using 78,500 as a defensive point with a higher probability of success. Considering that since Thursday, the market has been consolidating sideways and breaking out of the platform, and since a bullish signal has just appeared, respect that. Intraday, you can use 76,100 as a stop-loss, with 76,500-76,800 as a re-entry zone, believing in the breakout around 11 am. (See chart for details)

ETH: On Thursday, the 2197-2233 range was removed. This range was mentioned early in previous posts, as it was the first consolidation platform in early April, which provided support. The larger timeframe still uses this level as support, with 2139-2171 being an oversold zone. Over the past two days, it has been consolidating below 2268, digesting this week's continuous adjustments. A quick bullish breakout above 2268 this morning is a good bullish signal, so believe and try to verify by entering the market. It is recommended to add positions near 2268, as after a breakout, there may be a pullback to confirm the breakout. The stop-loss can be placed at 2250. The target zones are 2299-2330, and further up, 2330-2380 are familiar levels. Good entry points do not need to be changed frequently; they are effective long-term. For short positions, try at pressure levels. (See chart for details)

The old altcoins have recently shown some movement; you can pay attention to tokens like Dogecoin, Pepe, Solana, and Sui. $ETH