Master Discusses Hot Topics:

With the closing of the US stock market last night, the final day of the Biden era has officially come to an end. Even SEC Chairman Gary released a farewell message on this day, suggesting that even the financial sector is quietly changing hands. When it comes to the future of cryptocurrency, the Master cannot say it is definitely bright.

But one thing is certain: Trump is still, at least for now, expected by cryptocurrency users, and this expectation itself has become a driving force in the market. This trend has been mentioned many times in the Master’s articles last year, starting with the election, exploding during the transition, and its conclusion may not be too far off.

Since the news in June 2023 about BlackRock applying for a BTC spot ETF, the Master has been bullish on the overall trend as the ETF progresses. Even during last year's lows, the Master did not change the long-term bullish outlook.

Regarding the upcoming market trends, a pullback may occur over the weekend. But for the Master personally, this does not affect the overall trend. Even if the price drops back to around 90k, as long as there are no substantial negative factors, it will not be overly concerning.

Even if the price of Bitcoin reaches above 120k, I still believe the trend has not ended. To me, price is far less significant than trend. When the trend ends, the price will naturally revert. This is also why the Master has consistently advocated for the principle of "K-line as king, trend as emperor" over the years.

Additionally, currently, eight states in the US have proposed plans to use Bitcoin as a strategic reserve. From a long-term perspective, who can say for sure, Bitcoin may welcome a long upward cycle like gold. However, this path may be limited to Bitcoin, with Ethereum possibly tagging along a bit.

As for other cryptocurrencies, they may follow the old path of cyclical fluctuations, which is also the moment the Master begins to consider the transition between bullish and bearish. I remain bullish on compliant cryptocurrencies, but the entire market will inevitably have moments of adjustment.

Trump's inauguration next Monday may drive the market up. A couple of days ago, the Master also mentioned in an article that Japan's interest rate hike on Friday usually brings significant volatility. The market may have already reacted on Thursday; during this period, short-term volatility is high, but it is also an opportunity for low buying.

One can enter long positions during interest rate hikes, holding until the fifth or sixth day of the Lunar New Year. The market tends to be quite volatile before the Spring Festival, and it is common to see a rally on New Year's Eve over the years. The Federal Reserve meeting may remain inactive, with limited market reaction. Overall, with significant volatility, it is still essential to closely follow the trend and operate steadily.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 107000

Second Resistance Level: 104700

Support Levels Reference:

First Support Level: 103200

Second Support Level: 102200

Today's Suggestions:

If Bitcoin breaks through 107K with increased trading volume, it may enter a new high phase, and there could be a rapid rise in the short term. However, weekends usually see some consolidation, so it is advisable to be cautious and observe rather than expect a breakthrough to new highs; it is recommended to enter at an appropriate time.

Currently in the overbought zone, if a pullback occurs, one can consider entering at the first and second support levels. Pay attention to the fluctuation in the 103.2K to 104.7K range during the day and respond flexibly. Entering the market now may not be ideal, considering the overbought zone; it is better to wait for a pullback to find a suitable entry point.

1.18 Master’s Band Trading Plan:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the 104700-105500 range, Target: 103200-102200

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). Master Chen is the same name across the internet. For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and knowledge about K-lines, 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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