Master Chen's Hot Topic Discussion:

I took a break yesterday and didn't update. Recently, the market has been slightly better compared to the previous two weeks of one-sided decline. We're now observing and gradually transitioning. When the trend truly reverses, I will definitely notify everyone in advance. When the bullish market arrives, we'll charge forward!

Additionally, these days Russia and Ukraine are discussing a maritime ceasefire and potentially considering lifting sanctions on Russia. Although it won't stop immediately, it's at least a positive signal and a short-term positive for the market.

Plus, Federal Reserve officials mentioned that they might reduce interest rates once in 2025. Everyone knows that the second half of this year is the peak of BTC's halving cycle. If they reduce interest rates just once, it's estimated to surge and then fall back, giving you a taste of sweetness before hitting you, so don't dream of a crazy bull market.

I'll repeat: don't have too high expectations for the market in the second half of the year; lower expectations might bring surprises. The alternation of bull and bear markets is not the same as bear and bull market transitions; the former is when bulls are buried, while the latter is when bulls rise.

Last week, I said that if you were long at previous high points, take advantage of these days' rebound to escape. Don't think the bull market will return instantly. After the golden cross on the daily line, it will likely turn into a death cross. So now is not the time to be long. Occasionally going long at low points can still earn some profit.

Some friends will surely ask why go long at low points this week and last week? Because the previous two weeks were too brutal, short-term strategies need to be adjusted, but medium-term I'm still bearish!

I've been talking about the daily line retracement for almost a week, the rebound continues, and low-point long positions are profitable. Why not try? Short positions are clearly less profitable than low-point longs, and adjusting strategies occasionally is necessary.

Also, I mentioned last week that within a month, the main force won't let you trade in only one direction for four consecutive weeks. The first two weeks were steep declines, so you went short at high points; the next two weeks will ease, so it's time for low-point longs. But this isn't about being bullish, just short-term operations.

Recently, some friends have been asking about Ethereum, so I'll briefly elaborate. I remember previously saying 2102 is Ethereum's short-term ceiling. After stabilizing at 2102, the ceiling will move to 2380 and 2420. But this is also the starting line for a 3-4k surge during the halving cycle, so this is the top before the trend reverses.

Master Chen's Trend Analysis:

Resistance Levels Reference:

First Resistance: 89300

Second Resistance: 88300

Support Levels Reference:

First Support: 86800

Second Support: 85600

Today's Recommendation:

BTC is currently consolidating in the 87K area, forming a box range after market rebound. As long as there's no further decline and it remains in this range, further upside can be expected.

Although market buying sentiment has recovered, instability still exists. Therefore, cryptocurrency price is expected to repeatedly adjust and show short-term increases, with continued rebound possible only after stabilizing in the current range.

After failing to successfully test today's first resistance level, price entered an adjustment interval. If the upward trend line 1 is maintained during adjustment, retesting the resistance level is possible.

If appropriate pullback occurs, testing 90K is highly probable. Currently, instead of focusing on resistance levels, it's better to observe whether the price can maintain upward trend lines 1 and 2, and seek ultra-short-term entry opportunities.

The current first support level of 86.8K is a crucial support, combining short-term trend line, 200-day moving average, and previous high point support, forming a strong support. Therefore, ultra-short-term entry opportunities can also be considered.

If the first support level is breached, instead of predicting whether it will turn bearish, focus on upward trend line 2 and view it as a favorable average cost interval.

3.26 Master Chen's Wave Trading Preparation:

Long Entry Reference: Not recommended currently

Short Entry Reference: Light position short at 88300-89300 zone, Target: 86800-85600

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