Master Discusses Hot Topics:

Today, let's talk about Bitcoin. The recent trend has indeed been a bit confusing. From yesterday to today, it has been fluctuating, and it seems to be quite weak in the short term, feeling like it hasn't really picked up.

Personally, I am more optimistic about the rise after 87k; we may have to endure some small fluctuations in the short term. However, based on the current situation, the probability of a drop followed by a rise seems higher.

Additionally, I mentioned in the live stream yesterday that Bitcoin and SOL are two important gathering places for funds in this bull market. One is the heat of ETFs, and the other is the performance of the on-chain bull market. To be honest, SOL is currently under a lot of pressure, especially with the issue of large unlocks, which has put significant pressure on its price.

In fact, the extent of SOL's drop is not actually 40%; it should be more accurately around 30%. The original high point should be 255, not 295. Everyone should pay attention to being precise when buying and selling, and not be blinded by surface numbers.

As for Ethereum, looking at its trend yesterday, it doesn't seem particularly strong. Rather, some funds flowed into Ethereum after SOL's significant drop. Ethereum is now completely caught in a spiral of a death loop, basically unable to break free, so everyone should not have too many expectations for it in the short term.

In this market situation, it is not advisable to make a one-time purchase; it is best to enter in batches, taking profits on part of the position and setting limit orders for the second wave of opportunities. If Ethereum does not break through the resistance of its range, there is no need to place too much importance on its rise, as the chance of a false breakout is greater.

Regarding the short-term market, people are still relatively optimistic about Bitcoin. However, when it comes to short-term operations, everyone has their own views. The common point is that the market before the first and second quarters, especially before April, is still somewhat worth looking forward to.

But based on past experience, the market after April may not be so optimistic. Of course, this also depends on changes in the overall market, with the most critical variable being Trump; who knows what he will say tomorrow? The market can only refer to past experiences and take it step by step.

Therefore, predicting the upper and lower limits of prices is not very meaningful right now; instead, we should pay more attention to changes in the economic cycle. Whether investors can be sensitive to these changes in a timely manner is key. After all, the flow of funds in the market is closely related to the effect of making money; once the effect of making money disappears, funds will withdraw.

Based on past rhythms, the Federal Reserve's rate cuts are expected around June, and the market may not see improvement until after May 8. Meanwhile, Japan may raise interest rates in July, which will also have a significant impact on the overall market atmosphere. Therefore, in terms of short-term operations, the opportunities for shorting at highs are greater than for going long at lows.

Master Looks at Trends:

Resistance Level Reference:

First Resistance Level: 97100

Second Resistance Level: 96400

Support Level Reference:

First Support Level: 9550

Second Support Level: 94800

Today's Suggestions:

Bitcoin has formed a two-week range of fluctuations after rebounding on February 3, with alternating bullish movements. Since it is still in the range fluctuation phase, it is necessary to develop strategies that adapt to the fluctuating trend, making short-term trading more suitable.

The upward trend line 1 has now turned into a resistance line. Even if it breaks through upward trend line 1, it will still face multiple resistance levels above, and it must break through gradually to achieve a significant rise.

Currently, if upward trend line 2 is supported and forms a higher low trend, it can be seen as a change in direction, and we should observe the trading volume in the subsequent resistance range to decide whether to continue rising or adjust.

The first support is set at the low point formed today, and we can pay attention to upward trend line 2. If it raises the low points within the adjustment range, we can maintain a short-term rebound view (the rebound is limited to short-term operations).

If it breaks below upward trend line 2 and falls below 95.5K, it may form an N-shaped downward wave, with the maximum downward target being 94.8K. This can also be set as the lower edge of the range, which will be an important support.

2.18 Master’s Wave Strategy:

Long Entry Reference: Light long in the 94200-94800 range, Target: 95500-96400

Short Entry Reference: Light short in the 96400-97100 range, Target: 95500-94800

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