Master Discusses Hot Topics:

Yesterday's so-called Black Tuesday had everyone outside shouting that it was collapsing, as if the end of the world had come. The S&P and Nasdaq took a hit, and Bitcoin fell below 100K. On the surface, it looks like panic, but in reality, Wall Street is slapping the table at Trump, saying you can't keep playing dead.

This is exactly how it played out on April 7th, when the U.S. stock market took a plunge that left Trump stunned. The attitude towards tariff negotiations softened immediately; isn't this a typical case of the market forcing political action? Now this situation has started again, and it's not surprising at all.

Don't be fooled by the news saying emotions are exploding and investors are panicking; the essence of capital is not that of an emotional child; they are voting with their money. Fiscal bloodsucking, mutual tearing, and a downward spiral of efficiency— the market is directly telling you: if you keep this up, we all die together.

Pension shrinkage and rising polling pressure can keep the White House awake at night. Once Trump's team feels the backlash of the wealth effect, they often change their tune in no time, stabilizing the market first before discussing principles.

Back to the market, yesterday's drop was quite clean. Bitcoin and Ethereum fell in line with the U.S. stock market, while other mainstream coins had little room left to drop, so they actually performed better than Bitcoin and Ethereum. In simple terms, Bitcoin and Ethereum had risen too comfortably before, and now it's time for a correction.

The real key for Bitcoin is the 100K level; you can see that the bulls are still holding on around 100K and haven't given up yet. But before it completely breaks below 98.2K, don't get impulsive and chase shorts around 100K; it's like banging your head against a wall.

The daily support is at 98.1K, and there's a chance for a rebound as it approaches this level. Last night, breaking below 102K became resistance; if it can't reclaim this level, then heading towards 88.2K will be a very normal trend.

Moreover, the monthly chart has already formed a death cross; the last time this happened was in November 2021, which was when the last bull market peaked. Every four years, there's never been an exception. Now it's happening again, indicating that this round of the bull market has officially ended.

To put it bluntly, looking back from the end of this year, we are currently at the top range. If you're still thinking about making money from spot trading in the next few months, it's not the market that is trapping you; in the coming months, you can only do some short-term contracts.

And this is the current market situation; if the rebound around 100K can't hold, then the bulls will have to give up their defense. If it breaks below 98K, I wouldn't find it exaggerated to see 92K; the contract market still has this gap unfilled.

Ethereum is similar; levels like 3336, 3088, and 3050 are not just pretty numbers; they are key points. Today's rebound from 3280 to 3336 is where the bears are covering; just play it safe back and forth.

Don't chase shorts below 3280; only if 3050 truly breaks can you short all the way down to 2926 or even 2750. The market isn't without opportunities; it depends on whether you dare to take action. The opportunity is there, so don't chicken out!

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 104800

First Resistance Level: 102500

Support Levels Reference:

First Support Level: 100800

Second Support Level: 98800

Bitcoin has formed a short-term double bottom pattern near 99K, with long lower shadows indicating that someone is firmly supporting it below. This area can be treated as a short-term bottom for now, with short-term pressure around 102.5K, which has been a crossover zone for highs and lows multiple times.

If the lowest point of yesterday at 101.4K is broken again, be cautious of another round of selling. The daily RSI has reached 32, which is close to the oversold area, and according to technical probabilities, there may be a slight rebound. However, this rebound is likely to be a trap for bulls, meaning it could bounce back slightly before continuing to drop.

The first support at 100.8K is the support from yesterday's daily close, and the second support at 98.9K is the long lower shadow point from last night's sharp drop. If 100.8K can hold and a stop-loss pattern appears, then the strength of the short-term rebound will increase. At this stage, you can treat 99K as a temporary bottom, but it is only a temporary bottom.

The first resistance at 102.5K is a historical crossover zone, and the second resistance at 104.8K is the previous low from July. Once it breaks through 102.5K, the rebound space will open up again, but this is just the main force trying to give you hope before pulling the rug out from under you. If the breakout comes with increased trading volume, it may test 105K.

11.5 Master’s Band Strategy:

Long Entry Reference: Not currently applicable

Short Entry Reference: Short in the range of 102000-102500, Target: 100800, if broken, continue to look at 98800

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 their long positions, and tomorrow they summarize their shorts, making it seem like they "always catch the tops and bottoms," but in reality, it's all hindsight. A truly worthy blogger will have a 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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