Master Discusses Hot Topics:

The grid chart has ended, and Trump's speech has also concluded. In fact, most people were eagerly anticipating the adjustment of the cryptocurrency capital gains tax, but in the end, nothing came of it? A bit disappointing, right? I understand, I understand.

But don't worry, even though the tax wasn't adjusted, Trump is again shouting about making the U.S. a major player in cryptocurrency, and that's not just empty talk. Especially regarding the so-called stablecoin hard peg, it sounds quite impressive, but it's actually crucial for the development of the crypto market.

Some fans asked the Master: Isn't this good news? Why did it still drop? Don't rush to criticize; good news is good news, but it needs to be viewed in the long term. Trump's failure to mention the tax that everyone wanted to hear about is certainly disappointing, and the market directly showed its displeasure.

Moreover, to be honest, most people don't care about what a stablecoin hard peg is; they really just care about whether their money has increased. So a short-term drop is normal, but in the long run, especially for Bitcoin, this policy tilt is definitely a positive factor.

Looking ahead to April, there are still many things to keep an eye on. Whether the Russia-Ukraine situation can calm down is a potential positive. Also, the reciprocal tariffs starting on the 2nd and the first quarter GDP data to be released in the middle of the month are worth watching. There won't be a Federal Reserve meeting in April, and a rate cut in May seems unlikely, with a high probability of no cut.

So given the current market situation, even if it rises, we can't talk about a reversal too early; the Master has already made this very clear in yesterday's article. Additionally, I always think that there's no need to get too hung up on bull and bear markets; it's meaningless. The key is to understand your own trading strategy.

Can you only wait for good opportunities in a bull market? Without a solid thought process and grasp of trends, even if Bitcoin hits a new historical high again, will you be able to seize the opportunities? You never mention shorting in a bear market; as long as it's not mindless shorting, you won't lose your shirt.

Furthermore, after the Federal Reserve's meeting, the market's turnover rate has been rising sharply. Why? Because the Federal Reserve didn't provide the answers the market wanted. Over the past few years, the market hasn't really won against the Federal Reserve.

From the data, short-term traders are running the fastest, including the long positions in the 83700 to 84450 range mentioned in the Master's article yesterday, which at least gained 1000 points by this morning. Especially those who bottomed out a couple of days ago are exiting quickly now. Many traders who were stuck at high positions can't hold on anymore and are cutting losses.

So there aren't many expected positives in April. Without a few weeks of consolidation, how can a reversal be so easy? Most of the time, shorting at high positions is still the main theme, and those shouting "bull" are mostly those who haven't made enough profit this time and are still dreaming.

So in the current market trend, you need to first ask yourself for your understanding; don't just listen to others shouting nonsense. You need to have a clear idea in your mind. In the short term, disappointment is disappointment, and drops are drops, but opportunities still need to be seized by yourself!

Master Looks at Trends:

Resistance Level Reference:

First Resistance Level: 85600

Second Resistance Level: 85000

Support Level Reference:

First Support Level: 84400

Second Support Level: 83700

Today's Suggestions:

From a short-term perspective, Bitcoin has retraced after rising, but there is still enough room for upward movement in the medium term. The first resistance level of 85k is also a psychological resistance level. If it breaks through and stabilizes in that area, further upward movement can be expected.

Currently, the moving averages on the hourly level are positively aligned, indicating an upward trend. Therefore, attention can be paid to the trend of higher lows, with expectations for a gradual breakthrough of the upper resistance.

If the first support level of 84.4K holds in the short term, the short-term upward trend can continue. However, since the first support may be broken, it is advisable to use the 60-day and 120-day moving averages as a benchmark and gradually set support levels to seize ultra-short-term entry opportunities.

The second support is the area that held during yesterday's drop, and the distance between moving averages is narrowing. The Master believes this is a strong short-term support with a high likelihood of holding, but if it breaks, it would mean that the bearish trend would be reactivated.

3.21 Master’s Wave Strategy:

Long Entry Reference: Light long positions in the 82700-83700 range. Target: 85000-85600

Short Entry Reference: Not applicable for now.

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!

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