Master Chen's Hot Topic Discussion:

As the month is ending, before updating this weekend's article, I'll share my personal views and expectations for April's market. First, from April 2nd to 7th, the market will likely fluctuate several times, as tariff policies are about to be implemented, so caution is needed before and after.

After this turbulence, the market will catch its breath, and a potential rebound might start after about a week of adjustment. So during the first two weeks when prices are high, quickly go short, and consider going long when prices drop in the latter two weeks. However, overall, I believe shorting is more reliable.

Actually, BTC is prone to volatility around the 4th to 7th of each month, which is no longer surprising. This time it's slightly delayed, but keep your short positions ready. If your mentality is strong, long-term hedging might even add some unexpected benefits.

If you want to play medium to long-term, such as buying the bottom or betting on a rebound after a major drop, long positions should be held for only three to five days, don't be greedy. But for shorting at high points, holding positions for one or two months is no problem.

The 81850 level is crucial, being a strong weekly support, where bulls will defend. Even if it breaks, it might be pulled back. If not pulled back, it could prematurely enter a bear market, and pure spot traders in the BTC circle will have little hope this year.

Regarding the top at 91150 mentioned in last week's article, it's now definitively 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, and 93300 can be temporarily forgotten.

Additionally, I advise friends wanting to go long to be patient. The higher your expectations, the harder you'll fall. Don't overthink; there might be some surprises in the second half of the year. Stay calm in the first half, catch small waves, don't fight the trend, just follow it.

At this point, I must mention the market makers who always find ways to harvest retail investors. The last bull market's final bagholders were cut down, and this round's policy and liquidity changes make the tactics even more insidious. If you dare to play, you'll be cut.

Recalling how meme coins would surge for a few days, then drop, then be ignored, cycling towards zero. A few skilled on-chain traders might earn something, and KOLs backing wash trading might also profit, but nine out of ten retail investors will fall.

Those chain bosses only care about their own trading volume, not your survival. Many previous retail investors who played these projects have told me they were so scared of being cut that they quit and stayed far away.

So whether in a bull or bear market, we just need to follow BTC's trend. Long or short, we can operate steadily every day. Trading's essence is profit, not researching meaningless retail investor projects and market cycles.

Master Chen's Trend Analysis:

Resistance Levels Reference:

First Resistance: 85600

Second Resistance: 84700

Support Levels Reference:

First Support: 83500

Second Support: 82900

Today's Recommendation:

The first resistance at 84700 on the 4-hour level is a zone that must be broken for a rebound, and it's also a high point resistance. Before breaking this first resistance, a downward view is not excluded. Given it's a weekend, pay attention to the box interval's movement.

If the first resistance is broken during the weekend, observe if the price stabilizes at this resistance. If trading volume increases during the breakthrough, further rise can be expected; otherwise, another drop might occur.

The first support is the previous low point before the daily close, also the current low point area. Maintaining above this area supports the rebound view; breaking 83500 would break the formed low point, accelerating the decline.

The second support is the low point area from March 5th, a dense chip zone and important support. Breaking 83000 would gradually open downward space.

3.29 Master Chen's Wave Trading Preparation:

Long Entry Reference: Not recommended currently

Short Entry Reference: Light short position at 85600-86500 zone, Target: 84700-83500

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