Master Ye Talks About Hot Topics:

The dot-matrix chart has ended, and Trump's speech has also ended. In fact, most people are eagerly awaiting the adjustment of the capital gains tax on cryptocurrency, but what they've been waiting for hasn't materialized? A bit disappointed, I understand, I understand.

But don't be in a hurry, even though the tax hasn't been adjusted. Trump is again shouting that he wants to turn the United States into a cryptocurrency powerhouse, which is not just idle talk. Especially that stablecoin hard redemption, it sounds quite grand, but it's actually crucial for the development of the crypto market.

Some fan friends asked Master Ye: Isn't it good news? Why is it still falling? Don't be quick to criticize. The good news is good news, but you have to look at the long term. Trump didn't mention the tax that everyone wanted to hear, so the disappointment is certain, and the market just gave you a slap in the face.

And to be honest, most people don't care what stablecoin hard redemption is, they really don't care about this, the money hasn't gone up, that's the real thing. So a short-term dip is also normal, but from a long-term perspective, especially for BTC, this policy tilt is definitely a plus.

In the next April, there are still a lot of things to keep an eye on, whether Russia and Ukraine can calm down is a potential positive. There's also the reciprocal tariffs starting on the 2nd, and the Q1 GDP data in the middle of the month needs to be watched. There's no FOMC meeting in April, and the rate cut in May is also uncertain, most likely no cut.

So in the current market situation, even if it goes up, you can't talk about a reversal too early, as I've already said very clearly in my article yesterday. Also, I've always felt that you shouldn't always be obsessed with bull and bear markets, it's not interesting. The key is that you have to figure out your own trading strategy.

Can you only find good opportunities in a bull market? Without a well-developed mindset and a grasp of the trend, even if BTC hits a new historical high, can you seize the opportunities of long and short? You never mention shorting in a bear market, as long as it's not mindless shorting, you won't be left in your underwear.

And to talk about the FOMC meeting, the market turnover rate has been rising rapidly after the meeting. Why? Because the Fed didn't give the market the answer it wanted, and in recent years the market has never really won against the Fed.

Looking at the data, short-term players are the most excited, including the long position I gave in my article yesterday in the 83,700 to 84,450 range, which has gained at least 1,000 points by this morning. Especially those who bought the dips a couple of days ago, they're getting out of the market quickly now. There are also quite a few high-level bag holders who can't hold on and have to cut their losses and leave.

So there really aren't many positive factors to look forward to in April, without a few weeks of volatility and consolidation, it's not easy to reverse. Most of the time, shorting the highs is still the main theme, and those who are bullish are mostly those who haven't made enough money this wave and are still dreaming.

So now you have to ask yourself about the market trend, don't just listen to others' nonsense, you have to have a sense of it yourself. In the short term, disappointment is disappointment, and the dip is the dip, but you still have to seize the opportunities yourself!

Master Ye Looks at the Trend:

Resistance Levels:

First Resistance: 85,600

Second Resistance: 85,000

Support Levels:

First Support: 84,400

Second Support: 83,700

Recommendation for Today:

From a short-term perspective, BTC has retreated after the upward move, but it still has sufficient upside room in the medium term. The first resistance at 85k is also a psychological resistance level, if it breaks through and consolidates in this area, further upside can be expected.

Currently, the moving averages on the 1-hour level are in a positive alignment, indicating an upward trend. Therefore, you can focus on the trend of higher lows and expect a gradual breakthrough of the resistance.

If the first support at 84.4K can be maintained in the short term, the short-term upward trend can be continued. However, since the first support may be broken, you should use the 60-day and 120-day moving averages as a reference, and gradually set support levels to seize the opportunities in the ultra-short-term.

The second support is the area where it held during the decline yesterday, and the moving average gap has narrowed. Master Ye believes this is a strong short-term support, and the possibility of holding is relatively high, but if it breaks through, it means that the bearish trend will be re-initiated.

Master Ye's Wave Forecast on 3.21:

Long Entry: 82,700-83,700 area, light position, Target: 85,000-85,600

Short Entry: Not Considered

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