Master Discusses Hot Topics:

I have to say that the current market really knows how to play. The Federal Reserve is expected to cut interest rates three times by 2025. As soon as this news came out, retail investors were scared out of their wits, and then the main players threw out some sweeteners to keep the hype going.

However, the Master believes this is indeed the case. The real bull market in the crypto space largely relies on interest rate cuts and quantitative easing, so we need to patiently wait for the Fed's meeting on the 20th of this month to see if the interest rate cuts can actually materialize.

But don’t just focus on the interest rate cuts; we need to be cautious about the negative impact of Japan's interest rate hike on the 19th. Before the U.S. cuts rates, they will definitely need to clean up the long positions thoroughly. Ordinary retail investors are likely to go through another dark period, and even if there is a dawn, they may not be able to enjoy the feast.

The main players need to wash out most people to the point of despair before they can truly drive up prices. As for trying to catch the bottom on the left side, the Master sees the risk as indeed high. Let’s just wait for a healthy upward oscillation, where it rises three steps and falls back one, gradually raising the bottom, rather than a sudden spike to the top triggered by a single statement from Trump.

Speaking of which, from February until now, this market is even more despairing than during the 519 and 312 periods. Back then, at least we knew there was a bull market with a wealth effect to cushion us; now the main players don’t even regard us as human.

Spot and ETF continue to see net outflows, with the top and bottom being completed in a single day. For those without stop-losses, it’s a thin line between heaven and hell, and their mindset is directly breaking down! Additionally, there will be ADP employment data released at 9:15 PM tonight, which is expected to be lukewarm.

However, just this morning, Trump mentioned cryptocurrency again in a speech to Congress, instantly igniting market sentiment. Since he took office these past few months, we’ve only heard him boast about federal Bitcoin reserves, easing restrictions, and how the world should be friendly to crypto, but is this really a scam? It seems he hasn’t genuinely benefited the crypto space; instead, he’s using his influence to manipulate the market, acting like a big player.

Back to Bitcoin, there will likely be significant volatility tonight, so don’t chase the price during the day. The pressure and the European market’s performance are just giving you the illusion of a 9% gain on Tuesday’s strategy; in reality, it has already risen during the latter half of the night. If you enter long positions during the day, you’ll definitely find yourself in an awkward position with no clear direction.

The short positions I set for Bitcoin yesterday were triggered, and the first target was accurately reached. Everyone can take profits after a pullback and look for opportunities to enter long positions at lower prices tonight, then push the short position up to another resistance level.

There will be two more accelerated declines soon; don’t try to catch the bottom unless there’s a new low, and play small positions for low longs. The safest strategy is to short at resistance levels. The sentiment driven by information hype won’t last more than 24 hours; unless we see two consecutive days of 10,000-point gains, the trend will not reverse, but the probability of that is basically zero.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 91100

Second Resistance Level: 88900

Support Levels Reference:

First Support Level: 86200

Second Support Level: 84500

Today's Suggestions:

Bitcoin has temporarily recovered to 87K, but fluctuations of more than 5% during the day are likely to occur, as this is a move to clear positions. If the price breaks through and stabilizes above 88.9~89K in the short term, we can expect further increases. After the breakout, observe whether the K-line stabilizes before choosing to enter short-term positions, which would be more prudent.

If Bitcoin breaks the first resistance, the probability of a pullback to 90K will significantly increase. In the current situation, the bottom low has received support in the short term, so we can expect a pullback to 90K.

The first support is the previous low area mentioned by the Master yesterday, which provided precise support and rebounded after forming a lower shadow on the K-line. Therefore, it can be judged as an adjustment area after the rise, and this should be set as an important short-term level.

If a significant adjustment occurs, then 84.5K and the rising trend line can be seen as appropriate adjustments, which also present potential entry opportunities for short-term positions. Aggressive buying for short-term: 86.2K low, conservative buying: 84.5K and the rising trend line.

3.5 Master’s Wave Strategy:

Long Entry Reference: Light positions in the 84500-85500 range, Target: 86200-88900

Short Entry Reference: Light positions in the 90300-91100 range, Target: 88000-86200

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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