Master Discusses Hot Topics:

After the core PCE data was released last night, the market finally took a slight breath, and the sentiment stabilized a bit, leading to a slight warming of the market. However, the voices of pessimism in the market have not quieted down, as everyone knows that the Federal Reserve has officially entered a phase of monetary easing.

In the next two to three years, whether it’s an economic recession or a soft landing, it will definitely be a loose environment. The problem is that getting through these two to three years is not that simple, especially for those holding altcoins or playing with high leverage in altcoins; it’s simply torturous.

Many people are particularly obsessed with bull and bear markets, as if they need to label them to feel at ease. But Master believes that regardless of whether it’s a bull or bear market, making money is the hard truth; at the very least, minimizing losses is the serious matter.

So, those who are in cash keep asking Master when it’s appropriate to buy the dip, while those with positions are tangled up about when to exit, reluctant to take losses. I won’t pretend to know everything; who can fully predict the market?

Especially with Trump now, it feels like he can always play new tricks within the rules. It’s hard to say whether it’s good or bad in the long run, but in the short term, the market is definitely scared, and there aren’t many surprises. Particularly with high inflation still pressing down, he’s not only not helping to put out the fire but is also adding fuel to the flames.

As March just started, looking back at "Black February," many friends have seen their assets shrink painfully, and the losses in spot trading are truly tragic. Just as the Spring Festival began, the market hit us with a heavy blow, catching us off guard. The market is always right; the wrong ones are always ourselves, but what if reality doesn’t match your expectations?

Just like back in 2022, when Master was shouting to buy the dip in videos every day, saying this round of the bull market would definitely break 100k, and as expected, the comments section was filled with criticism. Who believed it back then? From over 50k at the beginning of the year to around 17k by the end, could it really rise back to 100k?

Bitcoin has risen from 0.000 something to now; who dares to say it won’t fall back in the future? I have nothing good to say about this kind of thinking, as many people heavily invested in Luna in the first half of 2022 went to zero, so it’s understandable to be pessimistic about the market.

When it really hits a deep bear market, the mindset is completely different from now. By the time you see the situation clearly, all you have left is regret. Very few people have the confidence to hold a bunch of Bitcoin.

Watching it drop from 110k to possibly a low point in the next bear market, like below 30k, and still being calm while waiting for the next bull market to surge again. Most of us are ordinary people, with elderly parents and young children to care for, whether playing with coins or trading stocks, we shouldn’t hurt the fundamentals. So when it’s time to cut losses, be decisive; don’t hold on stubbornly.

Therefore, everyone still needs to be responsible for the money in their pockets and not be the fool in the market. Every time you make a trade, you need to be clear in your mind: How is the market moving? What’s the logic behind this trade? Where are the take-profit and stop-loss levels? Is the risk-reward ratio reasonable? Don’t just jump in blindly.

Now let’s talk about Ethereum; its biggest flaw is that it doesn’t pump. As long as it pumps, other issues are not problems; if it doesn’t pump, that’s a fatal flaw. Blockchain needs to pump, and pump hard; coins that can’t pump have original sins. ETFs have helped Ethereum with some advertising, but what’s the use if it doesn’t pump?

Trump has also done some promotion for it, but it still doesn’t pump. Many institutions want to give it a push, but it’s like trying to lift mud. Pumping is the best narrative; if it doesn’t pump, everything is in vain, no matter how beautifully you put it.

At this point, Master wants to express a viewpoint: what I say isn’t necessarily all correct, and I can’t be 100% accurate. The market is too easily manipulated; we must have more respect for the market! Master’s analysis is similar to a weather forecast; I hope everyone can have their own thoughts after reading and discuss with me to improve together.

Additionally, a rebound does not equal a reversal. If you have positions that are underwater, quickly look for opportunities to reduce your holdings as the market rebounds. Don’t think that if the sky clears up, the crisis is over. Minimize risks so you won’t be restless at night.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 87000

Second Resistance Level: 85500

Support Levels Reference:

First Support Level: 83500

Second Support Level: 82000

Today's Suggestions:

The current hourly level has shown a trend reversal, but it is not a reversal. As long as the price can hold the 1-hour support line and moving average shown in the chart, the short-term rebound trend is expected to continue.

The 1-hour level can set 85.5K as short-term resistance, looking at the next formation of a trading range. If it can gradually rise in a stepwise manner and raise the low points, it is recommended to maintain an upward target to 87K.

In the resistance area, it is important to note that the RSI indicator has not yet entered the overbought area, so it is advised not to enter directly with a breakout trading strategy, but to anticipate a short-term adjustment before the overbought area, observing the strength of the adjustment before looking for entry opportunities.

The first support is the resistance line from yesterday’s close, forming a short-term bottom and rebound in the 83.5K range. Since the price is moving to raise the low points, it is recommended to observe it in conjunction with the 120-day moving average.

The orange line marked in the chart is the short-term upward trend line; if it adjusts to this upward trend line, it may be seen as a healthy adjustment, and short-term entry opportunities can be sought.

In today’s trading, one can observe the trend of the 120-day moving average, operating within the range of 83.5K~85.5K. If the upper edge of the range breaks, the support line can be moved up as a response.

3.1 Master’s Band Strategy:

Long Entry Reference: 80800-81600-82400 can be bought in batches at lower prices. Target: 83500-85500

Short Entry Reference: 86600-87000-88650 can be sold in batches at higher prices. Target: 85500-83500

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, liquidation, 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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