Master Discusses Hot Topics:

The overall market sentiment has been quite good these past few days. The halt in the decline during the US trading hours yesterday had a significant impact on the market. After all, in the Asian market, it seems that there isn't as much panic in the United States, and people didn't follow suit in selling off; instead, they paused to observe.

Once the Federal Reserve's meeting minutes were released, concerns about the debt ceiling eased somewhat. People believe that the Federal Reserve might pause or reduce its balance sheet reduction plan, which led to a positive market reaction.

Although it's not a complete halt to the balance sheet reduction, it has already brought some liquidity to the market. With this expectation, it feels like there are still opportunities in the market. As for the rebound from last night to today, the Master believes there is a bit of an emotional overreaction, especially since everyone was discussing the SOL unlock yesterday.

The unlock volume is just the beginning, and it will be gradually released later. If all of this volume were to be dumped at once, that would be a foolish choice. Even if someone wants to sell, they would likely choose the OTC method, making the possibility of a concentrated market sell-off quite low.

The Master's view remains that the first quarter can be expected positively. Although there isn't a significant upward trend right now, it doesn't mean that the entire first quarter is a waste of time. In fact, during such times, a rapid decline can also present opportunities for a rebound.

As for many friends being bearish about the second quarter, the Master believes it won't happen immediately. This still depends on market developments. If new positive news emerges in the second quarter, or if the Federal Reserve suddenly decides to cut interest rates, the market landscape could change completely. Therefore, predicting the market is never 100% certain; it requires a step-by-step approach to adjust accordingly.

Now, regarding the discussions among many KOLs about Ethereum's upgrade in April, the Master's personal view is not optimistic. Ethereum has been like a meat grinder since last October, with many chasing it up, only to see it quickly crash.

If we really see 8K or 12K, will people's faith still be there? Where is the confidence? The Master can only say that if you don't die, you must keep going. Therefore, the Master believes that shorting at highs is more prudent than blindly going long. Adding to short positions by 10% every time it rises by 350 points is much less risky than blindly going long and waiting for a deeper drop.

Furthermore, for this year, the Master is optimistic that there will likely be interest rate cuts in June and December, with a possible rate hike from Japan in between. Thus, there will be more opportunities to short than to go long this year, and going long can only be done at increasingly lower levels, with each level being a separate entry until the entry signal is reached.

By the way, several states in the US have passed legislation for strategic Bitcoin reserves, which has already gone through committee review and is set for a vote in the House of Representatives. At this pace, it should pass soon, with a state likely to approve it in March, and Texas has the highest probability of passing.

Master Looks at Trends:

Resistance Levels:

First Resistance Level: 97600

Second Resistance Level: 96800

Support Levels:

First Support Level: 96100

Second Support Level: 95500

Today's Suggestions:

Although Bitcoin is in an adjustment phase, there hasn't been a panic sell-off. The market is consolidating within a range, and although it briefly broke the trend, it quickly recovered. In an adjusting market, if it cannot break the high point, there may be a panic sell-off due to disappointment.

Currently, although there has been a short-term decline, it has returned to the consolidation range, indicating the possibility of a bottom formation. From a short-term perspective, the overall trend for Bitcoin remains relatively optimistic.

If it breaks the first resistance again during the day, the probability of retesting 97K will significantly increase. If the market repeatedly adjusts and rises within the rising trend lines 1 and 2, there may be opportunities for very short-term pullbacks.

Currently, Bitcoin has rebounded above the consolidation range, so it needs to be confirmed whether it will retest the upper boundary of the consolidation range. If this is considered a trend reversal area, the trend change can be confirmed by breaking the descending trend line and the 120-day moving average.

If the price adjusts to the first support and the 20-day moving average area, it can be seen as an entry opportunity. Although it may temporarily deviate from the trend line in the short term, if this area can maintain bottom support, it can still be viewed as a region for very short-term rebounds.

Additionally, consolidating and rebounding within rising trend lines 1 and 2 is also a good short-term choice, but due to the high probability of deviating from the trend again, close attention should be paid to the 20-day moving average trend on the 4-hour level.

2.20 Master’s Band Trading Setup:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the 97600-98600 range, Target: 96100-95500

This article is exclusively planned and published by Master Chen (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!

Warm Reminder: This article is only written by Master Chen on the official public account (as shown above). Other advertisements at the end of the article and in the comments section are unrelated to the author! Please be cautious in distinguishing authenticity. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。