Master Discusses Hot Topics:

Recently, the market has been quite active, with a lot of back-and-forth trading, resulting in only minor fluctuations. In other words, those who are actively trading are mostly short-term players, especially the group that has been bottom-fishing in the past week.

Let's first talk about Trump's signing spree on the 22nd. On that day, he signed four presidential orders, including personnel appointments, issues related to illegal immigration, and a presidential memorandum. At first glance, these seem unrelated to cryptocurrencies, but the last one has a slight connection.

Trump plans to alleviate inflationary pressures by lowering housing costs and expanding supply, while also increasing job opportunities. It sounds plausible, but with the government efficiency department cutting staff significantly, it's uncertain whether this relief plan will succeed.

On a positive note, this move could potentially lead to a decrease in both inflation and unemployment rates, providing some room for the Federal Reserve to lower interest rates. However, these developments have no direct relation to our market, so for now, we can only watch the excitement.

Returning to Bitcoin, although the turnover rate remains high, the overall market sentiment is stable without panic, indicating that people still have confidence in the future market. Particularly, those with a holding cost below 100k have mostly cut their losses, and the remaining holders may form a new support line.

Moreover, BlackRock has acquired 6,200 Bitcoins, demonstrating a long-term commitment. In contrast, the increase in holdings by other American institutions is relatively insignificant, with only Grayscale's two funds managing to reach a three-digit increase, while other institutions are mostly making small two-digit moves.

On the Ethereum side, things are even more interesting. Despite recent turmoil, BlackRock directly purchased 17,000 ETH, significantly boosting last week's buying power by 1.7 times.

Not only is it lively in the U.S., but even Hong Kong's ETFs are joining in, with Bosera directly buying 1,000 ETH. The selling pressure on Grayscale's ETHE is also nearing its end, and it’s likely that we will soon see a surge in ETH spot ETF holdings.

Overall, while market sentiment hasn't exploded in the past few days, it isn't bad either. Short-term players betting on Trump have withdrawn, while long-term capital continues to enter steadily, especially with the actions of major players like BlackRock adding confidence to the market. As for Trump's 200 legislative proposals, we can only wait patiently; perhaps one day they will bring some positive news for cryptocurrencies, and the market might soar again.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 104500

Second Resistance Level: 103700

Support Levels Reference:

First Support Level: 102700

Second Support Level: 101300

Today's Suggestions:

Currently, Bitcoin is still in a rapid downtrend, and due to weak buying power, the bearish outlook will continue. The current support is set in the 100~101.6k range, which is an important support level to prevent further declines.

After breaking through the first resistance level, it is not recommended to switch directly to a bullish outlook; instead, maintain a bearish stance. If it consolidates near the first resistance level, gradually raising the lows, we should observe whether it can break the descending trend line before turning bullish.

Since Bitcoin has already fallen below the previous high point's low, any rebound must be accompanied by increased trading volume from upward momentum. Before reaching the second support, there is still an ascending trend line. Therefore, if it drops to the area of the ascending trend line + second support, it could be an opportunity for a very short-term entry.

1.23 Master’s Band Trading Reference:

Long Entry Reference: 101300 light position long; if it dips near 99500, go long directly. Target: 102700-103700

Short Entry Reference: 104500-105500 range light position short. Target: 102700

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