Master Discusses Hot Topics:

This week has been a continuous stream of good news for the crypto world, with positive developments every day. However, Bitcoin still seems quite timid, as these benefits haven't fully reflected in the price.

On Tuesday, a group led by a certain "Chuanzi" casually threw $2.5 billion into crypto, and on Wednesday, 401k retirement funds could even buy BTC. On Thursday, tariffs were suddenly "canceled," which essentially means more liquidity.

The issue is that this series of good news seems to have launched like a rocket, yet Bitcoin didn't even let out a sound. A rise? What rise? Why? Because it has already risen, my friend; the initial rise is just to be smashed down.

The U.S. stock market has just recovered from the tariff-induced drop on February 25, and funds are starting to speculate. And Bitcoin? It has already broken historical highs, overcoming various negative news, and now that it's lost its momentum, isn't it deserved that no one pays attention to it?

What's even more interesting is that last night, while Bitcoin was dropping, MicroStrategy was actually rising. This signal is already quite clear; funds are pulling the ladder and rotating, starting to focus on new targets.

Back to Bitcoin, it precisely touched 105k yesterday. No problem, but it couldn't bounce back in the morning, indicating that there is still significant pressure above. On Thursday, even MicroStrategy didn't follow suit; this trend clearly shows that institutions are working together to clear out the long positions.

Next, we can expect a pullback to the 104500 to 103800 area, especially the critical level of 103800. If it doesn't break, it could bounce back to 106700, and then look for opportunities to short in the medium term.

However, if it breaks 103800, then just give up on any fantasies. The main force wants to smash it down to 101450, or even more aggressively, below 100k is not out of the question. This isn't just a simple dip; it's a serious plunge, targeting 98200, or even 95000.

If the main force suddenly gets a wild idea to push it up, it must first break 106800 before making any moves; otherwise, it's all just a false action. In short: stop constantly looking at those KOLs bragging about a raging bull market; you need to combine that with watching the market and analyzing the technicals, my friend!

If you're still thinking about bottom beliefs and long positions at this time, wake up! The main force is using your beliefs as toilet paper. Holding at 103800? A bounce might let you escape. If it breaks? Don't even think about bottom fishing; you might end up missing the bottom and losing your U.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 107700

First Resistance Level: 106700

Support Levels Reference:

Second Support Level: 105500

First Support Level: 104500

Today's Suggestions:

Bitcoin has failed to rebound quickly after breaking below the lower boundary of the rising channel. It has also faced pressure from the rising trend line, resulting in a significant pullback. Overall, bearish sentiment has intensified, but key support levels need to be reconfirmed. During the decline, it would be more appropriate to buy in batches.

The key support zone of 102.8K–104.5K is a densely traded area where multiple previous consolidations occurred, serving as strong support for a short-term rebound. If it closes below the first support, it means the previous low has been breached. The pullback may accelerate, but a short-term rebound can still be expected. If it quickly breaks below the second support, the price will return to the historical dense trading area, and the short-term low will further decline.

The first resistance level of 106.7k is the previous high after this round of increases and serves as a strong short-term resistance. If the price can stabilize at this level and remain above the 120-day moving average on the 4-hour chart, then more rebound space can be anticipated.

Only by breaking the second resistance level of 107.7k can a larger upward expectation be opened; otherwise, caution is needed for another pullback in this range. Currently, the volatility is low, forming a relatively narrow trading range. It is recommended to gradually position in batches on the 4-hour or smaller time frames.

If you want to effectively break through multiple resistances like 108K–110K, substantial positive news and increased volume are needed. Otherwise, consider positioning for a short-term low buy near the support area.

5.30 Master’s Wave Strategy:

Long Entry Reference: Light long in the 103800-104500 range, Target: 105500-106700

Short Entry Reference: Gradually short in the 107700-108500 range, Target: 105500-104500

If you genuinely 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, tomorrow they summarize short positions, 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 exaggerated 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!

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!

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