Master Talks Hot Topics:
Let’s start by discussing how many friends were eagerly waiting for CX Dog to skyrocket at midnight last night, even treating it as a little wealth rocket. What happened? After a wave, everyone basically returned to zero! The earlier you jumped in, the faster you disappeared.
As soon as midnight passed, the market plummeted instantly, turning the retail investors into zero-dollar parties, while the project team happily distributed their tokens, wantonly harvesting the retail investors. In Master’s words, is this really how we want to play? These top-tier players are not just harvesting retail investors; they are also nurturing them.
Master sincerely suggests that CZ should go out into the community and see how hard the retail investors are struggling. Whenever he makes a statement, retail and large funds rush in immediately, and the traders make a fortune. It’s true that BNB has been pumped, and money has been made, but the trust of the people is drifting further away.
Honestly, does CZ's dog not eat meat and only eat retail investors? In ancient times, there was the story of King You of Zhou using beacons to entertain the feudal lords; today, Zhao Changpeng is playing with dogs and retail investors. The names have changed, but the play remains the same.
Additionally, let’s talk about last night’s PPI data. This overall exceeded expectations, giving Master the feeling that it was like a shot of adrenaline for the market. However, several sub-items in the PPI data directly affect some core indicators of the PCE, which performed rather weakly.
As a result, the market expects that the PCE data in January may be lower than the CPI increase, alleviating inflationary pressures, which is also the main reason for the recent decline in U.S. Treasury yields. Although Trump has claimed he will impose taxes on Mexico, it sounds like an empty pocket—loud but slow to materialize.
The issue of imposing tariffs in early February has already faded, and the market is becoming somewhat numb to policies that only make noise without action. In the short term, everyone is no longer so sensitive to such policies; after all, if you shout a few times in a month, everyone knows it’s not a big deal.
Nick also analyzed the PPI data, suggesting that core PCE may be affected, and the data doesn’t seem as exaggerated as the CPI increase, which is a positive sign. However, we have to wait until February 28 for the core PCE to be released, so let’s see if there are any surprises then.
Returning to the market, it currently seems that the big token has entered the latter half of a bull market, and short-term fluctuations may become the norm. The next significant rise will only come when expectations for interest rate cuts heat up.
For spot traders, it’s best to hold off for now, as if you don’t make some swing trades when good opportunities arise, it will be hard to make money. The recent 3-day, 5-day, and 7-day lines will still adjust, and if the big token retraces to the 89.6-89.3k range, spot traders might consider entering with about 10% of their position.
In summary, this is how the market operates, and everyone needs to keep their eyes wide open. Avoid being cut by these ridiculous plots; stability is key to reaping good rewards. This is the real script of the token circle; what do you all think?
Master Looks at Trends:
Resistance Levels Reference:
First Resistance Level: 98600
Second Resistance Level: 97700
Support Levels Reference:
First Support Level: 96300
Second Support Level: 95550
Today's Suggestions:
Since the big token has broken through yesterday's downward trend line, the view for a short-term rebound can be maintained. Even if it currently falls below the low point, if the support below stabilizes and the correction range continues, a U-shaped rebound can be expected.
In the short term, the 1-hour moving averages have entered a converging range, so the moving averages can be set as gradual support. Once the direction is determined after a long period of sideways movement, a significant rise will occur.
If the current bottom receives support and rebounds, Master will see 97.7K~98K. After the rebound, at the first resistance, one can consider operating from a retracement perspective. Currently, the 99K~100K range forms a strong resistance area; if there is not enough upward momentum, the resistance above may limit the rise, so it is recommended to trade within the box range for ultra-short-term trades.
From the 1-hour candlestick chart, it can be seen that the market direction has not been significantly determined recently. Therefore, it is recommended to conduct ultra-short-term trading within certain support and resistance ranges.
2.14 Master’s Swing Trade Setup:
Long Entry Reference: Light position in the 94800-95500 range, Target: 97700-98600
Short Entry Reference: Light position in the 98600-99000 range, Target: 97700-96300
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