Master talks about hot topics:

Hello to all my old friends, it seems like it's been three months since I last updated my analysis articles. Most of my friends who know me have been in continuous contact with me during this time.

That's right, during these three months, I have been trading on my own. The outcome is predictable; I have consistently expressed my bearish view on Bitcoin from my articles written in December last year to January this year.

In these three months, I predominantly held a mid-term short position, aside from some short-term longs, and the market has basically validated my own views. It has been a process of proving and practicing my ideas, and fortunately, the market has not let me down.

Now that I have more personal time, I have decided to update my articles whenever I have a free moment. I will also rebuild the "village" for both new and old fans. Once it's ready, I will notify everyone. Alright, enough chit-chat, let’s start today’s sharing.

This weekend’s pile of news is, put simply, a bowl of porridge. It looks lively with discussions about whether Vance will go to Pakistan, whether Iran will negotiate, whether the Americans will close the ports, a series of trivial matters being dragged back and forth.

I believe the essence can be summarized in one sentence: market sentiment is being walked like a dog by people. You might think it's the fundamentals at play, but most of the time, it's just capital using these news items to find reasons to hit retail investors hard.

So the coming week will be interesting, with tech stock earnings reports, the Federal Reserve's meeting minutes, and the added layer of issues in the Middle East; market sentiment could turn on a dime. Don’t fantasize about stability; this is the time when the market slaps faces back and forth.

Back to the market, I have always seen Bitcoin's trend as weak. The weekly chart shows a standard downtrend structure; 58.9K is not a bottom, and there’s no need to fantasize about it. Many people like to find hope at such positions, claiming it’s about to reverse, but that’s just self-deception.

Therefore, while the trend has not changed, all rallies are merely corrections, meant for you to escape or short, not to act as a bag holder. The range from 48.8K to 58.9K is, to put it bluntly, a large slaughterhouse.

If it really falls to that range, there will definitely be a decent rebound, but that's just to give a little sweetness after capital has harvested a round, not an indication that the market has improved. Don't mistake rebounds for the bull market returning; that's a typical sign of being harshly educated by the market.

Regarding the daily chart, any triangular false breakout or ascending channel is essentially a consolidation. Many people like to complicate patterns, but it boils down to one sentence: a buffer before a decline.

This slow grinding downtrend might not look stimulating, but it’s the easiest to let people's guard down, and then suddenly one bearish candle will bring it down hard.

For spot traders, it's easier, just gently and slowly accumulate, no rush. Wait for a decent adjustment at the 8-hour level before considering adding. Going all-in to catch the bottom now is just using yourself as fuel.

As for Ethereum, this is even more awkward. The momentum has begun to weaken but has not completely collapsed, which will lead many to misjudge. If it can't get above 2550, stop dreaming. If it’s oscillating below 2400, it’s just holding its breath. Once the market aligns with a bearish factor, it can drop directly down; you won't even have time to react.

Master sees the trend:

Bitcoin is currently in a downtrend after hitting a high near 74.5K. It is now in the testing zone of the 200-day moving average and key support. In the short term, it is a rebound, but overall it remains in a downtrend.

After peaking at 77K, the highs have been decreasing while the lows are also getting lower. This is the formation of a standard downtrend structure, with a downward trend line continually suppressing prices. Even if a rebound occurs, it is merely a weak one.

The current movement has reached the support testing area of the 200MA. Key attention should be paid to whether Bitcoin breaks below the 200MA on the hourly level. The main support is in the 73.6K area (an important support level verified many times in history), and the key point is whether the 200MA can hold; this will be the watershed for bulls and bears moving forward.

The first resistance at 75.3K is a trend resistance, while the second resistance is at 76K. If it breaks above 75.3K, it needs to see a volume increase; otherwise, it is likely to create a false breakout in a consolidation.

The first support at 73.6K is the core support, and the second support at 72.6K. The level of 73.6K is a crucial defense line, as well as the historical low and prior low area.

If the price breaks above 75.3K and the trend line, the short-term structure would strengthen, leading to a continuation of the rebound. If the price drops below 73.6K, support will fail, and the market may quickly plunge to 72.6K.

Currently, it belongs to a downtrend within a short-term rebound. The 200MA on the hourly level is key for judging short-term direction. Therefore, within the day, the 200MA and 73.6K should be used as key areas.

4.20 Master’s pre-planned trading:

Long entry reference: 73200-73600 range long Target: 74200

Short entry reference: 74700-75300 range short Target: 74000-73300

If you truly want to learn something from a blogger, you must continue to follow him, not just make hasty conclusions after a few market views. This market is full of show-off players; today they screenshot a long position, and tomorrow they summarize a short position, making it appear that they "always catch tops and bottoms," while in reality, they are just making after-the-fact statements. A truly worthwhile blogger’s trading logic must be consistent, coherent, and stand up to scrutiny, and they shouldn't wait for the market to move before acting like experts. Don’t be dazzled by exaggerated data and fragmented screenshots; only long-term observation and in-depth understanding can distinguish who is a thinker and who is a dream builder!

This content is exclusively planned and published by Master Chen (public account: Coin God Master Chen). Master Chen has the same name across the internet. For more real-time investment strategies, solutions, spot trading, short, mid, and long-term contract trading methods, operational skills, and knowledge about candlesticks, you can join Master Chen for learning and communication. A free experience group for fans has now been opened, along with community live broadcasts and other quality experience projects!

Warm reminder: This article is only written by Master Chen on the official account (as shown above). Any other ads in the comment section are unrelated to the author!! Please carefully distinguish between true and false, thank you for reading.

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