Master's Discussion on Hot Topics:

This morning, Bitcoin dropped by 6%. If you must find a reason, it's because the Americans made a statement. They said they wouldn't use taxpayer money to buy cryptocurrencies but plan to hoard some confiscated coins.

Here, the key phrase to note is: confiscated! Previously, there was a lot of buzz in the market about the U.S. buying 1 million Bitcoins for some strategic reserve, but that hype has now burst. Does the U.S. government have money if they aren't using taxpayer funds? It makes me laugh.

Trump is all talk; does he really think he would buy at a high price? Even if he were to buy, he would be looking for low-cost, blood-stained chips—the cheaper, the better. That's why I said the other day that this thing is just a hype-driven project to harvest retail investors, painting a big picture with one hand while swinging a club with the other—both hands are very strong.

That said, I really don't understand how those analysts interpret this news as positive. If this were breaking news, fine, it could be considered positive. But the expectation of a strategic reserve has been speculated for over half a year. When the price was rising before, many people were betting on the U.S. spending money to buy more BTC.

Now that the expectation has fallen through, isn't that obviously negative? If you want to talk to me about long-term benefits, I can only say that you're using an unfalsifiable argument to flatter yourself!

Additionally, some analysts are jumping out to shout that a bull market is coming, and BTC is heading for 170k. Looking at these people, they clearly haven't traded themselves, not even making contracts. They just know how to talk big, with each statement more exaggerated than the last.

Currently, the market is full of gaps, and the space for shorts is clearly larger than for longs, with the bears still in control. Want to boast that a bull market is here? Just wait a bit, until the 5-day and weekly lines flatten or go to zero. Otherwise, can you handle a few thousand points of ups and downs in this short-term roller coaster?

Speaking of last night’s U.S. market, Bitcoin rose to around 91250. This morning at 8 AM, the market switched and dropped directly to 84600. During the day, you can continue to short at highs, and before the European market opens, which is after 18:00, you need to keep a close watch. Tonight, there’s a White House crypto summit and non-farm payroll data—double whammy waiting, be careful of a quick drop after a spike.

That said, the entire crypto market is still tightly gripped by Trump's tariff policies, and the operations of institutions like BlackRock and MicroStrategy also play a significant role. But if we’re talking about a trend reversal, we still have to wait for the Federal Reserve to turn on the tap. Until then, don’t hold any fantasies, and don’t expect a widespread altcoin season.

Master's Trend Analysis:

Resistance Levels Reference:

First Resistance Level: 89200

Second Resistance Level: 88200

Support Levels Reference:

First Support Level: 86300

Second Support Level: 85400

Today's Suggestions:

If the market breaks through the first resistance before the U.S. market opens and stays above the 120-day moving average, there may be a short-term rebound. If the low around 88K rises and shows signs of stabilization, then we can expect a breakthrough of the short-term downward trend line shown in black.

Currently, the price still needs to break through multiple downward trend lines to initiate a short-term rise. Price fluctuations of 2-3K are common, so long-term holding is not recommended. If there is a rapid rise, it’s best to take profits promptly.

Currently, pay attention to the movement of the 200-day moving average, which can also serve as a basis for trading. If the price falls below the 200-day moving average during the day, further declines may occur. At this point, the first and second supports can be used as staggered support, adopting a staggered buying strategy while also monitoring the upward trend line.

Currently, we are in a consolidation range after a decline. As long as the 200-day moving average is not breached, we can maintain a short-term rebound outlook. However, when encountering resistance at the 60-day and 120-day moving averages, we should shift to short-term adjustments.

3.7 Master's Wave Strategy:

Long Entry Reference: Not currently applicable

Short Entry Reference: Short in the 89200-90500 range with small losses and light positions. Target: 88200-86300. If it spikes to around 95000, you can short directly. Target: 2000-2500 points.

This article is exclusively planned and published by Master Chen (WeChat 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!

Friendly Reminder: This article is only written by Master Chen on the official public account (as shown above). Any other advertisements at the end of the article and in the comments section are unrelated to the author! Please be cautious in distinguishing authenticity. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。