Master Talks Hot Topics:

Although Trump's inauguration speech did not mention cryptocurrency at all, not even indirectly, the market felt a bit disappointed for a while. As a result, Bitcoin dropped to around 100k at its lowest, as everyone had some expectations based on his previous stance. Fortunately, the market's self-regulating ability kicked in, and after the adjustment, emotions quickly recovered, and overall, it remains relatively stable.

Speaking of Trump, it must be said that his actions are much more interesting than his rhetoric. His company (WORLD LIBERTY FINANCIAL) took advantage of the swearing-in ceremony to directly invest $47 million in Bitcoin and another $47 million in Ethereum, which was quite decisive.

Even more interesting is that the Ethereum he bought was immediately staked on LDO (Lido), a move that can be described as "letting money speak," which is much more convincing than just hinting in a speech. In summary, he didn't mention it verbally, but his actions were very honest. Indeed, under such circumstances, the market's confidence was not completely lost, and the emotional aspect remained stable.

Tonight, the U.S. stock market is about to reopen, which is a critical moment. We can get a glimpse of how investors' emotions will manifest from the stock index futures data. The U.S. dollar index is already showing a downward trend, which is definitely good news for investors' risk appetite in the short term.

If the dollar index continues to decline tonight, the entire market's risk assets should benefit. Specifically for Bitcoin, it surged to a new high during the day yesterday, and today the key is whether the 100k support level can hold. From the current situation, this support level seems quite solid. However, the performance after the U.S. stock market opens may become a turning point, so it’s worth paying close attention.

Now let's talk about Japan's interest rate hike. This was mentioned in a previous article. If Japan really announces an interest rate hike on the 24th, the market will certainly experience some fluctuations, but the actual impact does not need to be exaggerated. It’s important to note that Japan's current interest rate is 0.25%, and even if it increases by 25 basis points, it will only be 0.5%.

In a global context, this interest rate level is still very low, essentially falling within the category of high-quality lending assets. Many people mention that Japan's interest rate hike will lead to a market crash, but in reality, this is more of an emotional reaction. In similar situations before, the market rebounded in about two weeks.

So there may be short-term shocks, but from a medium to long-term perspective, the impact of interest rate hikes on the cryptocurrency market is very limited, more of an indirect emotional transmission. Overall, the current market is still relatively optimistic. Trump has given the market confidence through his actions, and Bitcoin is stabilizing at the 100k support level.

The dollar index shows a downward trend, and the impact of Japan's interest rate hike is only a short-term fluctuation, not that scary. The key now is to see how the U.S. stock market performs after it opens tonight. If it can maintain the current stability, it will undoubtedly be a positive signal for Bitcoin and the entire cryptocurrency market.

Master Looks at Trends:

Resistance Level Reference:

First Resistance Level: 104670

Second Resistance Level: 102300

Support Level Reference:

First Support Level: 99500

Second Support Level: 97300

Today's Suggestions:

Although there has been a deviation in the short-term trend in the shorter cycle K-line, the upward trend is still maintained on the 4-hour and daily levels. Only with continuous rises at high points can we expect further increases; currently, it is in a range-bound fluctuation.

If Bitcoin breaks through the first resistance level, the view of maintaining a rebound can be held in the short term; if it breaks below the lower edge of the wedge, the viewpoint needs to be adjusted. Since it has retested the historical high and pulled back, if it fails to form upward momentum, the market will remain in a fluctuating range.

Currently, although there is some short-term disappointment selling in the market, looking at the lower shadow of the K-line, the market is fluctuating in the 100~101K range. If there is upward momentum when breaking the historical high, trading can be considered; currently, within the fluctuating range, ultra-short-term trading should be the focus.

1.21 Master’s Wave Strategy:

Long Entry Reference: Light long in the 98500-99500 range; if it spikes near 97300, go long directly. Target: 102300

Short Entry Reference: Light short in the 104500-105000 range. Target: 102300

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 K-line knowledge, 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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