Master Discusses Hot Topics:
The early market was like a one-man show, and now it has upgraded to a duet. One is Musk and the other is Trump, one plays the good cop and the other the bad cop, both throwing insults at each other, making you feel pumped up. But what’s the result? Tesla drops, US stocks drop, and Bitcoin follows suit.
However, at the end of the day, these two are still tied together by interests; it’s unrealistic for them to truly tear each other apart. The show is for you to watch, while behind the scenes, they have already divided the profits. Musk is using verbal warfare to force Trump to compromise. In simple terms, the troublemakers are emotions, while the money-makers are capital.
That said, last night’s drop in Bitcoin was indeed a bit fierce, but I noticed some people in the market shouting “it’s crashing, it’s crashing.” Isn’t that a bit too sensitive? When it was up 30,000 points, you kept quiet, but now that it’s down 5,000 points, you’re panicking? You really don’t deserve to be in this market!
Right now, it’s the market makers, KOLs, shady exchanges, and media working together to wash the market. Don’t be foolishly mocking their actions; the show is for you, but they are genuinely out there to take your money!
Let’s get back to Bitcoin. Technically, we need to repair the short cycle today. The RSI and 4-hour MACD are oversold, and there’s hope for a rebound based on tonight’s non-farm payroll data.
The current 100,000 mark is crucial. Last night it fell below 101,400 (which is the 0.382 retracement level), and now we’re waiting for it to recover strongly. The important support below is at 98,200 (0.5 retracement level), which is the cost-effective area for medium-term buying. There’s no rush for spot trading.
But can you buy at 95K? It’s actually a bit difficult; large funds generally won’t let the price drop to the golden ratio 0.618 level, so it’s normal if you can’t get a spot order there. Haven’t you learned anything in the crypto space over the past few years? If it doesn’t drop to what you want, and doesn’t rise to what you want to chase, that’s just how it is.
Let’s get straight to the conclusion: calling for a bottom now isn’t wrong. But remember, it’s for a short-term rebound. The real medium-term buying area is at 98,200. Those who panic watching Musk and Trump argue, wake up! Don’t be such compliant fodder.
Master Looks at Trends:
Resistance Levels Reference:
Second Resistance Level: 104,200
First Resistance Level: 102,800
Support Levels Reference:
Second Support Level: 101,000
First Support Level: 100,000
Today's Suggestions:
The downward momentum has eased, and from the RSI indicator, it has entered the oversold range, so we can expect a short-term rebound. It’s suggested to use 101K as a psychological support level for trading.
Although the RSI is already oversold, the probability of a short-term rebound remains high. However, resistance is forming around 102.8K. If the price is constrained in this range, we need to pay attention to whether the lows can gradually rise before testing the upper resistance.
There’s a considerable probability of reaching the first resistance, but if tonight’s non-farm payroll lacks new positive news, we may see adjustments near the second resistance at 104.2K. Until we break the downward trend line, we cannot rule out the possibility of further declines.
During the day, we can use 101K as a psychological support level. If it fails to hold, the 100K level will be threatened. To stop the current downward trend, this area must be defended.
If it doesn’t drop below 100K, it will signal that bulls are starting to defend this area. However, if it drops again, it will trigger an N-shaped downward trend. Since the RSI has reached the oversold area, we can look for a brief rebound opportunity. After confirming new pressure above during the rebound, we can switch our strategy to short, following the bearish downward rhythm.
6.6 Master’s Wave Strategy:
Long Entry Reference: Not currently referenced
Short Entry Reference: Short in batches in the 103,700-104,200 range. Target: 102,800-101,000
If you truly want to learn something from a blogger, you need to keep following them, rather than making hasty conclusions after just a few market observations. This market is filled with performers; today they screenshot long positions, and tomorrow they summarize short positions, making it seem like they “always catch the tops and bottoms,” but in reality, it’s all after-the-fact. The bloggers worth following have trading logic that is consistent, coherent, and withstands scrutiny, rather than jumping in only when the market moves. Don’t be blinded by flashy data and out-of-context screenshots; long-term observation and deep understanding are necessary to discern who is a thinker and who is a dreamer!
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