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March 6 BTC/ETH Mishi Strategy
The live low-entry positions should have already captured value. After the session, I emphasized that this position can be held overnight. Bitcoin (BTC) at 70,250-70,600 and Ethereum (ETH) at 2,038-2,055 can yield good profits. For larger timeframes, we still look for confirmation after a breakout of the box range. If it’s a true breakout, then aim for higher targets. If it pulls back and breaks below key support, then switch to an adjustment.
Bitcoin: 71,400 is the intraday pressure point. Last night, we failed to hold this level, touching near the middle axis of the big box range. Currently, it’s attempting to return to the upper band. A high probability zone to consider is 71,400-71,800. Today’s focus is on the night session’s data release. If it can rebound back to 72,200-73,000, then keep the goal of pushing towards 74,400 and higher. This is well explained with my point level chart.
$ETH
Ethereum: It has returned to the main camp of this round at 2,038-2,075. The pullback to the middle axis of the main camp still faces resistance. Once the 2,100 level is broken, it creates resistance. After a breakout, look for room up to 2,139. Last night’s plunge started from 2,139. If the main camp is broken, be cautious, as the current rebound might end early.
Currently, the copy trading positions are fully booked. More positions will be opened later.