Master Discusses Hot Topics:

In the last week of March, let’s talk about this week’s market. I’ll be straightforward, no fancy jargon. Last week’s article already laid out the path for this week quite clearly, which means we’re looking at a 2-day line level rebound first.

Then we’ll have a pullback, hover sideways for a few days, and then another 3-day line rebound. If you’re too lazy to short in the short term, just wait for the rebound to get close to the high point before going short, it’s easier and saves effort.

As for how this week will go? Currently, I see a high probability of a rebound from Monday to Wednesday, and a likely pullback on Thursday and Friday. Why do I say this? Because it seems like the U.S., Russia, and Ukraine are going to pause hostilities and start talking.

Such news reaching the market will almost certainly trigger a rebound. Right now, Bitcoin and Ethereum’s 2-day lines have just formed a golden cross, and we just need a bit of news to ignite it, and we can immediately start the rebound.

Additionally, over the weekend, some fans asked me if the Federal Reserve cuts rates in June or July, will Bitcoin hit a new high? Honestly, it’s hard to say. First of all, whether they will cut rates is still uncertain. If inflation suddenly spikes from April to June, that would be disastrous.

It can be almost 100% confirmed that 110k is the peak for Bitcoin this round. If rates are indeed cut in June or July, there might be another wave of market activity from August to November, but whether it can hit a new high depends on whether it can break through 107k.

Looking back at the last bull market, before May 19, the highest was just over 60k, and in the latter half, it only increased a few thousand points. The most exhilarating movement was of course the jump from 73.3k to 100k, breaking through and then surging another 30,000 points.

But I believe that guessing is just wishful thinking; it’s already a consensus that the peak will be capped in the second half of the year. For now, surviving these few months is good enough, and as for whether there will be a bull market in the second half, let’s not think too much about it.

The rate cut is still far off; at least in May, it’s certain there won’t be a cut. The longer it drags on, the more variables there are. If inflation unexpectedly rises due to tariffs or other reasons, a rate cut will basically be off the table.

So 110k is definitely the highest point; even if there are two rate cuts, it won’t go much higher. It might not even exceed 100k and 110k because the lows from May to June are expected to drop to 60k to 70k. I’ve always been a rationalist, and I say it as I see it.

So this year’s trading strategy is very simple: no new lows, no bottom fishing; no reversals, no bullish outlook; no major drops, no betting on rebounds. Focus on solid small waves every day, and don’t always think about long-term grand plans.

Now let’s talk about Ethereum. Although the 2-day line has formed a golden cross, it’s performing very weakly on the hourly level, not keeping up with Bitcoin’s rhythm at all. Every time it rises, someone sells, creating significant pressure.

Ethereum’s weakness hasn’t been just for a day or two, so trading long on Ethereum in the short term is quite torturous; it rises slowly, almost like not opening a position at all. It might be better to just place a short order near the resistance level, which wouldn’t be unreasonable.

For beginners or those with limited funds, at this stage, it’s best to stick to Bitcoin when buying on dips. If you can’t handle the leader, don’t touch other coins. In a volatile market, it’s essential to prioritize risk avoidance and then pick the most stable options. Right now, besides Bitcoin, what else is there? Nothing!

Next, for Bitcoin’s rebound, I personally expect the peak to reach between 91k to 94k, and Ethereum between 2450 to 2850. If your spot or HY is still stuck, I personally suggest taking the opportunity to exit during the rebound. After the golden cross rebound, it will turn into a dead cross, and after a period of sideways consolidation, new lows will follow!

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 88800

Second Resistance Level: 86800

Support Levels Reference:

First Support Level: 84800

Second Support Level: 83450

Today's Suggestions:

During the weekend, the market consolidated sideways and broke through the previous downtrend line, currently attempting to stabilize after the trend reversal. From a technical analysis perspective, Bitcoin is trying to reverse the trend.

Attention should be paid to the resistance level of the 200-day moving average above. Since we are currently in the overbought zone, there won’t be an immediate sharp rebound, but rather a rise after some adjustment in the short term.

The first resistance is in the area of the previous high point. If Bitcoin tests this area again, the probability of breaking through the 200-day moving average and further rising will increase. Currently, the first resistance can be set as the key resistance level above. If the price can stabilize in the range of 84.8k to 86k, further upward movement can be expected.

During the day, if the first support stabilizes, consider entering short-term positions. It’s advisable to pay attention to the rising trend line in the chart and trade accordingly. Additionally, keep an eye on the first support level, the rising trend line, and the moving average line to look for short-term entry opportunities.

3.24 Master’s Wave Strategy:

Long Entry Reference: Light position long in the range of 84800-85500, Target: 86800-88800

Short Entry Reference: Light position short in the range of 88800-89800, Target: 86800-84800

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). Master Chen is the same name across the internet. For more real-time investment strategies, unlocking positions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and knowledge about candlesticks, you can join Master Chen for learning and communication. A free experience group for fans has been opened, along with community live broadcasts and other quality experience projects!

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