Master, let's talk about hot topics:
Yesterday, the total trading volume of 9 Bitcoin spot ETFs exceeded 2 billion US dollars again. Among them, BlackRock's IBIT broke a personal record with a trading volume of 1.3 billion US dollars, exceeding the trading volume of most large US stocks. Wall Street is going crazy with FOMO. Under this trend and background, I believe that it won't be long before we break through the historical high.
Behind Wall Street's FOMO, the market-level USDT also experienced a premium. The OTC price of USDT rose to 7.3744 yuan, while the current exchange rate of the US dollar to the RMB is 7.2 yuan, resulting in a premium rate of 2.42% for USDT.
On Monday night, the stock price of MicroStrategy surged by 10% at the opening of the US stock market. Then, MicroStrategy revealed that it had bought 3,000 BTC at an average price of 51,813 during February 15-25. This news once again stirred up the emotions of the majority of American retail investors. MicroStrategy now holds 190,000 BTC and is still increasing its position.
As a result, American investors are crazily buying Bitcoin spot ETFs, leading to a frenzy of net inflows of 516 million US dollars. Although Grayscale is still selling off, having sold over 1,000 BTC, BlackRock's increased holdings alone exceeded 3,000 BTC. Therefore, Grayscale's selling pressure has no impact on the market.
According to historical experience, since institutions are choosing to sprint for BTC at this time, it means that they have set a sufficiently high target price for BTC. Or they have set a high enough lower limit for BTC to ensure the safety of funds. Regardless of which one it is, this round of market is definitely not going to end too soon.
Although there may be a pullback in the future, the trend has been established. There is a high probability that this wave will surge to the previous high of 69,000. Based on the current cost-return analysis, the probability of breaking through the new high of 100,000 in this round is definitely over 70%. Because there will be a halving in April, I personally think that this round of halving will lead to the final large-scale rise of Bitcoin.
The halving effect in 2028 or later may not be so obvious, because the future increase in computing power may reach a turning point. After the halving, there may be a decrease in computing power, which will ensure the balance of miners' income and expenses without the need for the price to double, thus reducing the price pressure. Therefore, we must seize the opportunity of this bull market, otherwise, there may not be so many opportunities after the bull market reaches its peak.
Master's Trend Analysis:
The current daily chart shows a bullish trend, and the four-hour chart also shows a bullish trend. Currently, the four-hour chart has just stabilized around the 56,000 level. According to the current trend, the bullish trend is still strong.
Pay attention to the range of 56,000-58,000 for fluctuations. If it breaks through 58,000, we will directly look at the range of 60,000-62,000. The current span is calculated as a standard of 2,000 US dollars, and the price fluctuation is still very large. The support on the four-hour chart is in the range of 54,600-55,000. If there is a pin insertion situation, touching this support will continue to look for a rebound.
ETH has stabilized around 3,200 in the early stage, but has not yet challenged 3,600. It is also a stage of the market absorbing funds. From the beginning of this year to the present, I believe it is still the beginning of a bull market. It is not a market in the middle or at the end of the bull market. According to the current trend, 3,600 is a must-reach level in March.
On the four-hour chart, there is a small-scale fluctuation according to the current trend, with 3,280 as the current small high point on the four-hour chart. After breaking through, we will directly look at the range of 3,360-3,400, and the market will step by step to reach 3,600. We are now directly looking at the position of 3,600 because the market has stabilized at 3,200. The current support level on the four-hour chart is in the range of 3,160-3,200. If touched, we will also look for a rebound.
Master's Short-term Pre-buried Orders on 2.28:
BTC Operation Suggestions:
Long near 55,800-56,000, defend at 300, target 56,500-56,900
ETH Operation Suggestions:
Long near 3,190-3,210, defend at 300, target 3,260-3,280
For more strategies, you can add real trading.
Candlesticks are king, trends are emperor. I am Master Chen, focusing on BTC and ETH spot contract for many years. There is no 100% method, only 100% following the trend. Daily updates on macro analysis articles and technical analysis review videos are available on the entire network. 
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