Master Discusses Hot Topics:

Waking up, Bitcoin has reverted to its original form again. Those shouting that the bull market has returned, is this it? After a day of pumping, it deflated again; calling it a "pig slaughter" is not an exaggeration. This market is exactly like the violent surge from the night before, where it jumped from 85k to 95k, and within a day, all the funds rushed out and it crashed back to 85k. The operator is quick and ruthless.

Last week, the Master mentioned in an article that the adjustments at the 5-day and weekly levels are not over yet, and there may be 1-2 more accelerated declines ahead. If Bitcoin drops to between 74.6k and 73k, that will be the next opportunity to buy the dip. In the past, bull markets lasted four years; now, a single day counts as a cycle. Yesterday it was a bull market, and today it has turned into a bear market.

The worst part is that many people's faith has been worn down by this terrible market. Watching Trump perform every day, I want to see what tricks you can pull at this week's crypto roundtable. You shout about tariffs every day, and the US stock market is about to collapse, yet everyone is still waiting for your favorable crypto policies!

Why does the Master say that the US including certain coins in its national strategic reserves is just hype? Because this is clearly a long-term project of boasting, claiming a trillion-dollar reserve in cryptocurrencies.

Others are not foolish; they definitely prefer lower prices and will not blindly chase Bitcoin at 90k or 80k. They will surely accumulate in batches at lower levels. So from this year to next, prices may gradually decline layer by layer, and the bear market cycle may have arrived.

However, from an indicator perspective, Bitcoin has not truly entered a bear market yet. The technical basis for this judgment is that the weekly MACD must break below the zero line, which means that if the price falls below 73k, it can be confirmed.

Therefore, the Master personally suggests that before Thursday, one can buy the dip in batches. On Friday night, there will be non-farm payroll data and a White House crypto summit—one is an objective negative, and the other is a man-made positive, which is likely to cause some fluctuations, and a significant movement could be a good opportunity for a rebound.

But the overall trend is bearish; don’t be fooled by occasional short-term surges. Prices will continue to drop until the major adjustments are over, and this process may be quite grueling. This week will definitely see new lows, so spot traders should prepare in advance. The Master will outline a buying range, but this "buying the dip" is only for short-term rebounds, so don’t think too big.

Bitcoin is just one hurdle away from breaking below 80k; any news could easily trigger that. The new low range is set at 74666-73300, and support points below 78200 at 77300, 76850, and 75750 can also be tested with small positions.

As for Ethereum, it has no support left; the next step is just to wait for it to break down. The new lows are set at 1928 and 1866. Don’t think this is a solid wall; it’s naive to believe it can’t break. It’s not impossible for it to drop to 1600-1480 before May. Right now, it’s in a wide range of fluctuations with significant volatility.

Both the pump and dump depend on the information flow; the technical analysis is basically useless in this context, and most people can’t hold on. You wake up feeling like the sky is falling, and every time it hits a new low and then violently pumps, you feel like the bull market is back. This fast-paced switching can easily break one’s mentality.

Therefore, before the trend reverses, that is, before it stabilizes above 98k, it’s safer to only take short positions after a violent pump, and short-term longs must set stop losses. Cautious friends can try to buy the dip in small batches in the current stage; fluctuations will be significant from tonight to Friday.

Today, you can buy 10% of your position. If it drops below 83k from noon today to Thursday, add another 10%. If it drops below 78k, add another 10%. But this buying the dip is still only for the short term; when the next big rebound comes, you must clear your positions and secure your profits.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 86200

Second Resistance Level: 84100

Support Levels Reference:

First Support Level: 82000

Second Support Level: 80400

Today's Suggestions:

First, the first resistance level is based on the previous low point area generated by the daily line. Therefore, if the price rises again to the first resistance, it can only break through 86.2K to open up the upward space to 92K.

The second resistance is an important resistance level for sustained rebounds. Currently, attention needs to be paid to the movement of the 200-day moving average on the daily line. A short-term rebound can be expected, but the gradual breakthrough of resistance levels needs to be monitored.

The most important support today is 82K. Therefore, under the support of 82K and the 200-day moving average, one can look for ultra-short-term rebound opportunities and set it as a short-term low point area.

If 82K is lost again, one can directly turn to a bearish view because 82K and the 200-day moving average will become resistance. The last drop touched 78K, but the current drop is supported near 82K, indicating that the low point has risen. In this raised low point range, operations can be conducted from the perspective of short-term rebounds.

Although the current situation has seen a significant drop, the CME gap formed yesterday has been filled again. If it closes in the form of a raised low point, one can look for ultra-short-term entry opportunities.

3.4 Master’s Wave Strategy:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the range of 88700-90000, Target: 86200-84100

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). For more real-time investment strategies, solutions, 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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