Master Discusses Hot Topics:

Ah! To be honest, there hasn't been much change in the market recently. It's basically been moving based on news, and at times it really goes against technical indicators. Prices drop when they should rise, and rise when they should drop. Even I don't have the mood to watch the market anymore; short-term trading is tough.

That said, as long as Bitcoin doesn't stabilize above 100k on the daily chart, as long as there isn't a major influx of liquidity, and realistically speaking, as long as there aren't consecutive bullish candles, it will still be a choppy market. Just look at the past few days; it went up yesterday and dropped back today, back and forth, and those with unstable mindsets have already been thrown off the train.

In previous articles, I've mentioned altcoins repeatedly. Why do I keep bringing them up? To put it simply, without a season for altcoins, there won't be new retail investors stepping in. If the main players want to attract fresh blood into the market, they need to pump altcoins; just relying on Bitcoin to sway around isn't quite enough to attract attention.

However, it's worth mentioning that FTX will start its first repayment on February 18, totaling 15 billion USD. There should be some market reaction, right? Especially with over 1.07 billion USDC flowing into centralized exchanges (CEX), this kind of capital movement aligns quite well with market bottom characteristics.

Looking at MicroStrategy, they sold preferred shares at a 20% discount, raising 563 million USD, basically aiming to increase their Bitcoin holdings. But to be honest, this isn't really related to altcoins. Bitcoin is currently bouncing around the 100k mark, while altcoins are being repeatedly manipulated, with prices getting lower and lower.

Many people were expecting a presidential market in the first quarter of this year, including myself. Now, a lot of people have placed their hopes on the second and third quarters, so don't deceive yourself; the trend for altcoins is still downward. Clinging to past logic will only make things more painful; the fundamentals have changed, and without liquidity, there really won't be a season for altcoins.

That said, the U.S. policy towards cryptocurrencies is indeed gradually loosening. Especially for Bitcoin, it may have a more strategic position than we think. However, the pace of progress is too slow, and liquidity hasn't provided many opportunities. Altcoins, especially those that are non-compliant, are facing even tougher challenges.

From the SEC's current proposals, the prospects for Bitcoin, Ethereum, and any coins that can launch spot ETFs in the future are definitely stronger than for other coins. So overall, the trend isn't a big issue; it's just the slow progress that makes people want to curse.

For holding Bitcoin and Ethereum in the long term, there shouldn't be much problem, but in the short term, this choppy market is indeed quite torturous. If you don't manage your positions well, you can easily get hit repeatedly. As for coins other than Bitcoin and Ethereum, it's even tougher; aside from lying flat and waiting, there really aren't many good strategies.

Master Looks at Trends:

Resistance Level Reference:

First Resistance Level: 100800

Second Resistance Level: 99400

Support Level Reference:

First Support Level: 97800

Second Support Level: 96300

Today's Suggestions:

The first resistance level serves as short-term resistance. If it successfully breaks through, the probability of testing 100k will increase. Considering we are still in a downtrend, we need to observe the K-line patterns and attempt short-term shorts at the resistance level.

If a significant rebound occurs, we need to see if it can break through the descending trend line and achieve a trend reversal. Currently, we shouldn't expect a trend reversal too early; it should be accompanied by upward momentum to maintain an optimistic expectation of stabilizing at 100k.

The first support level is only a short-term support that could be broken at any time, so aggressive trading is not recommended. Instead, observe and then look for entry opportunities based on the ascending trend line. The key support for the adjustment range is above the 96.3K level formed yesterday, which can be seen as a short-term entry opportunity.

If the ascending trend line is broken, continue to look bearish and maintain a short strategy. If a strong rebound occurs, consider 99.4K-100K as strong resistance and operate based on the adjustment market.

2.5 Master’s Wave Strategy:

Long Entry Reference: Light positions in the 95300-96300 range, Target: 97800-99400

Short Entry Reference: Not currently applicable

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