Master Discusses Hot Topics:
Last night, the Nasdaq rose 12% in a single day, and MicroStrategy surged by 26%! It's been a while since we've seen such a strong market. Today, I guess no one dares to short anymore, but although this rebound has reached a high point, the trend still hasn't reversed.
Currently, the CPI and PCE data for May do not yet reflect the impact of tariffs. Tariffs take time to ferment, and we might not see any signs until June.
The market is now focused on how Trump will define reciprocal tariffs in 90 days, and the Federal Reserve is also watching closely, with their eyes wide open, definitely keeping a close eye on these changes.
During this time, I've seen many friends think that Trump is not very reliable, with policies changing back and forth. But everyone can see that the risk market loves this kind of thing!
Last night, the Nasdaq and S&P 500 made up for the declines of the past three days, and the fear index dropped from 57 to 33. The market suddenly caught its breath, welcoming a 90-day buffer period.
The key point is that if the GDP data for the first quarter is disappointing, there is still the second quarter to take a chance. However, I must remind everyone again that we are still in the rebound phase, and the conditions for a reversal have not yet arrived.
From the Federal Reserve's March meeting minutes, they currently have no plans to cut interest rates. Unless the unemployment rate suddenly spikes or there are signs of economic recession, they will just continue as is.
Therefore, the data for May and June will be the main focus. Why was April's market difficult to navigate? Because it wasn't a one-sided trend; it was more led by various news.
Today, I expect a bunch of teachers who flipped their positions from short to long yesterday and leveraged heavily to pop up. Their operations are incredibly smooth, profiting from both sides. In summary, just three words: Win! Spicy! Hot! I suggest you unfollow me and pay more attention to these teachers.
My article and strategy from yesterday were all lost, while they probably made 10 times the profit in these three days. The difference is too obvious. Following me only leads to getting beaten up, while following the teachers can lead to soaring profits!
To be honest, I’m just a trader, but in front of these teachers' amazing operations, I really feel a bit inadequate. They are so strong that it makes me feel inferior, and my mindset has collapsed; my logic is no longer relying on technical analysis.
Master Looks at Trends:
Resistance Level Reference:
First Resistance Level: 84500
Second Resistance Level: 83500
Support Level Reference:
First Support Level: 82000
Second Support Level: 81100
Today's Suggestions:
Currently, Bitcoin has broken through the long-term downtrend line. If it can consolidate after rising without a significant pullback, the rebound momentum will continue.
Although the 1-hour level has entered an overbought state and may see a pullback, it is not recommended to chase high prices; wait for a suitable pullback before looking for entry opportunities. The first resistance level is strong because this price coincides with previous lows and highs and overlaps with the 200-day moving average.
So in the short term, don't expect the price to break through this resistance level immediately. If Bitcoin can consolidate and solidify the bottom, then consider the possibility of a breakout.
The first support level at 82k is a short-term support level but could be broken at any time. Therefore, if you want to take a stable short position, you can wait for the 60-day moving average or the 81.1k support level to look for opportunities.
Additionally, pay attention to the trend of the 60-day moving average to see if the long-term downtrend line can hold. If the price breaks below the downtrend line, the trend reversal may fail and lead to further declines.
4.10 Master’s Wave Strategy:
Long Entry Reference: Light long positions in the 80700-81100 range. Target: 83500-84500
Short Entry Reference: Not currently referenced
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