Master Discusses Hot Topics:

From last night to this morning, this wave of market activity really makes one question life. Bitcoin has been on a roller coaster these past two days, and Ethereum is struggling to hold its ground. The price of 2080 seems to have returned to six months ago. Altcoins are faring even worse, basically heading towards zero; if this continues for a few more days, it will really start to feel like a feast of losses.

Currently, market sentiment has plummeted to rock bottom, with the greed index at 44. Everyone is starting to feel fearful, and it seems this round of selling is even cleaner than the one in March 2012, with tens of billions wiped out in a day. The bears are really showing their ugly side, with no bottom line.

But it is often at times like this that sentiment hits its lowest point. After a couple of days when the holiday ends and everyone returns to normal life, market sentiment will naturally begin to recover. The next key point is in March, with the Federal Reserve likely to cut interest rates by 25 basis points on March 19. By the way, how should this be traded?

Master's view is quite simple: first, bet on expectations, then trade on the outcome. This means that if Bitcoin can surge to 120-130k, those altcoins lying on the ground might have a chance to survive; otherwise, they will be sent off to be sold off by the project teams.

However, the current market is still in a trend of fluctuation + decline. In the short term, it may fluctuate in the range of 90-110k, and there is even a possibility of dipping down to 83, or even as low as 78 in extreme cases. It all depends on how the market moves. The CME gap at 102 has not been filled yet, so it might need to take a trip there.

Additionally, this Friday there will be non-farm payroll data, but the core influence still lies with the direction of the U.S. stock market. Especially with Trump's tariff policies, if there are any disturbances there, the U.S. stock market will drop, and Bitcoin will find it hard to stand alone.

Now, let's talk about the recent panic; the market has experienced five consecutive downturns this month. From the issues with DeepSeek, to concerns over power transitions, to CPI data, Bitcoin has been hammered down repeatedly, hitting a low of 89k.

So what happened? A month has passed, and what needed to return has returned; it has stabilized above 100k again. This is quite absurd. The market has been shouting that the bear is here and the bull is gone, yet in the end, Bitcoin is still Bitcoin, with no essential changes. To put it bluntly, the biggest question now is whether the Federal Reserve will loosen its monetary policy.

The market has been worried that the Federal Reserve will not engage in large-scale easing, leading to chaotic sentiment, making it seem like the sky is falling. But the problem is, it is only early February; the yellow flowers haven't even been served yet, and people are already shouting that it's over? U.S. economic recession? Crypto industry collapse? Government declaring crypto illegal?

Come on, the fundamentals haven't changed at all. If one says the market has entered a bear market, Master really can't see it. At most, sentiment has collapsed a bit, and prices have pulled back, but the trend and fundamentals have not changed at all. The current market, to put it simply, is that funds have been absorbed into Bitcoin and the leading assets in various sectors.

Once the interest rate cut is implemented in March, if Bitcoin can surge again, altcoins will have a chance to turn around; otherwise, just wait for the project teams to run away.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 97100

Second Resistance Level: 94800

Support Levels Reference:

First Support Level: 92000

Second Support Level: 89200

Today's Suggestions:

From the current daily chart situation, the downtrend is quite strong, and the macroeconomic environment is not good. Therefore, short-term rebounds should only be treated as temporary operations, and the overall view remains bearish. If the price can regain the first resistance level, then the short-term view can shift to a rebound perspective. If after the rebound the price stabilizes in the 1st zone shown in the chart, then further bullish views can be considered.

In the downtrend range, a short-term rebound may occur, forming a long lower shadow below the candlestick. However, if a trend reversal is not formed on a smaller time frame (like the 1-hour level), Master will continue to maintain a bearish trend.

If the current Bitcoin price forms a large bearish candlestick during the adjustment, one should patiently observe and see if a sufficiently strong bullish candlestick appears for recovery. Given the current strong bearish trend, rather than trying to determine the bottom, it is better to prepare for a short-term dip to 89.2K and use this as a basis for short-term strategy.

2.3 Master’s Wave Strategy:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the range of 94800-95800 93500-92000 If the rebound is strong, after a small loss, short directly around 97100. Target: 95800-94800

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