Master Discusses Hot Topics:
As the end of the month approaches, let me share my personal views and expectations for the market in April at the beginning of this weekend's article. First, from April 2nd to 7th, the market is expected to experience several fluctuations due to the implementation of tariff policies, so caution is advised both before and after this period.
Once this wave of turbulence is over, the market will take a breather, and it will likely start to rebound after about a week of adjustment. Therefore, during the first two weeks when prices are high, it's advisable to short, and in the last two weeks when prices drop, one can consider going long. However, overall, I believe that shorting is still the more reliable option.
In fact, around the 4th to 7th of every month, the market tends to experience significant downturns, which is not surprising anymore. This time it was slightly delayed, but you should keep your short positions ready. If your mindset is strong enough and you engage in long-term hedging, this could potentially add some extra gains.
Additionally, if you want to play the medium to long term, such as bottom fishing or waiting for a significant drop to bet on a rebound, you should only hold long positions for a maximum of three to five days—don't be greedy. However, if you short at high prices, holding the position for one to two months is not a problem.
The position at 81850 is crucial, serving as a strong support on the weekly chart, and bulls will try to hold here. Even if it breaks down, it will likely recover later. If it doesn't recover, we will enter a bear market early, and pure spot traders in the crypto space will have little hope this year.
As for the top mentioned in my article last week at 91150, it is now definitely unreachable. Why? Because the high point is over a thousand lower than last week. So the current short-term top is between 88450 and 89700; for now, let's not think about 93300.
Moreover, I advise friends who want to go long to take it slow. The higher your expectations, the harder you will fall. Don't overthink it; there might be some surprises in the second half of the year. Just be steady in the first half, maintain your mindset, seize every small wave, and don't go against the trend—just follow it.
At this point, I must mention the market manipulators; they always find ways to exploit retail investors. Those who bought in at the end of the last bull market were all cut down. This time, the policies have changed, liquidity has shifted, and the tricks are even more sinister. If you dare to play, you will get cut.
Looking back at the previous meme coins that launched, they would be hot for a few days, drop for a few days, and then be ignored, slowly going to zero, repeating the cycle. Only a few who are skilled in on-chain trading can make some profits, and those KOLs who build mouse warehouses can also cash in, but nine out of ten ordinary retail investors will end up losing.
And those bosses who only care about the excitement of their own on-chain transactions don't care about your survival. Too many retail investors who previously played these projects later came to me saying they were genuinely scared of getting cut and decided to stop playing and keep their distance.
So whether it's a bull or bear market, as long as we grasp the trend of Bitcoin, we can operate steadily in both long and short positions every day. The essence of trading is profit, not studying meaningless retail projects and bull-bear cycles.
Master Looks at Trends:
Resistance Levels Reference:
First Resistance Level: 85600
Second Resistance Level: 84700
Support Levels Reference:
First Support Level: 83500
Second Support Level: 82900
Today's Suggestions:
On the 4-hour chart, the first resistance at 84700 is a crucial area that must be broken for a rebound, and it also serves as a high point resistance. Before breaking the first resistance, a bearish view cannot be ruled out. Given that it's the weekend, attention should be paid to movements within the range.
If the first resistance is broken over the weekend, observe whether the price stabilizes at the first resistance area. If the breakout is accompanied by increased trading volume, further upward movement can be expected; otherwise, a drop may occur again.
The first support is the previous low point of the daily closing, which is also the current low point area. As long as this area is not broken, the bullish view can be maintained; if it breaks below 83500, it will break the established low, accelerating the decline.
The second support is the previous low point area from March 5, which is also a dense area of chips and an important support level. If it breaks below 83000, it will gradually open up downward space.
3.29 Master’s Trading Plan:
Long Entry Reference: Not currently applicable
Short Entry Reference: Light short in the 85600-86500 range, Target: 84700-83500
This article is exclusively planned and published by Master Chen (WeChat 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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