April 10 Night BTC/ETH Mishi Strategy

CPI data is coming with a bang, are you ready? The main focus of tonight’s 8:30 PM data is whether the CPI annual rate, affected by rising energy prices, will exceed expectations, leading to increased Federal Reserve rate hike expectations and putting pressure on risk assets. Meanwhile, over the weekend, the US and Iran will hold negotiations in Pakistan. Whether this can further strengthen hopes of ending the war and restore normal passage through the Strait of Hormuz is also a key factor influencing the next market trend.

BTC: Intraday retraced to the lower boundary of the 71440 range, currently back near the lower boundary of the 72250-73000 range. Tonight’s trading will depend on how this area performs; breaking through could lead to new highs, while failure to do so might mean a second top test, with shorting being a viable option—remember to use the upper boundary as a stop-loss. Personally, if negotiations happen over the weekend, the upcoming CPI data might cause short-term significant volatility, and the direction may only become clear after the weekend events settle. For those with an early position, a proper setup is available; for those without, it’s recommended to wait until after the 8:30 PM data release to trade during the session.

ETH: Two days of correction have formed a W-bottom pattern on the hourly chart. The resistance level remains unchanged. In the morning, it tested the 2233-2268 resistance zone, and intraday it retraced to the 2171-2197 consolidation range, reorganizing its offensive stance and approaching the resistance zone again. Before and after the data release, the key focus is whether 2233-2268 can be broken. Support remains at 2171-2197. In terms of trading, if you don’t have an early position, entering a high short at around 2252 with 2268 as a stop is a gamble—this is a high-risk, high-reward approach. Without an early position, those wanting to add to their position should enter near the current price to gamble on a breakout caused by data, using 2197 as a stop-loss to limit risk. This type of operation is not recommended for large positions. $ETH