Master Chen's Hot Topic Discussion:
Last night, Nasdaq rose 12% in a single day, and MicroStrategy even soared by 26%! It's been a long time since we've seen such a fierce market movement. Today, probably no one dares to go short. Although this rebound has reached its peak, the trend has not yet reversed.
Currently, the May CPI and PCE data do not yet reflect the impact of tariffs. Because tariffs take time to develop, and the effects may only become apparent in June.
The market is now focused on how Trump will define equivalent tariffs in 90 days, and the Federal Reserve is equally attentive, keeping a close eye on these changes.
During this period, Master Chen has also seen many friends who think Trump is not very reliable, with policies constantly changing. But everyone can see that risk markets actually love this approach!
Last night, Nasdaq and S&P directly recovered the decline of the past three days, and the panic index dropped from 57 to 33. The market suddenly caught its breath and welcomed a 90-day buffer period.
Most critically, if the first-quarter GDP data is poor, there's still the second quarter to try. However, Master Chen must remind everyone again that this is still a rebound stage, and the conditions for a reversal have not yet been met.
From the Federal Reserve's March meeting minutes, they currently have no plans to cut interest rates. Unless unemployment suddenly spikes or there are signs of economic recession, they will continue to wait.
So the data for May and June will be crucial. Why was April's market difficult? Because it was not a unidirectional trend, but more driven by various news.
Today, many teachers who closed their short positions yesterday and went long with full leverage will likely emerge. Their operations were smooth, profiting from both long and short sides. To summarize in three words: Win! Spicy! Exciting! I suggest you unfollow Master Chen and follow these teachers instead.
Master Chen's article and strategy from yesterday were completely lost. These teachers have probably already secured 10x profits in three days. The difference is too obvious. Following me will only get you beaten, while following these teachers can make you fly!
To be honest, I'm just a trader, but facing these teachers' godlike operations, I truly feel a bit inadequate. They are so strong that they make me feel inferior, my mentality has collapsed, and my logic is no longer based on technical analysis.
Master Chen's Trend Analysis:
Resistance Levels Reference:
First Resistance Level: 84,500
Second Resistance Level: 83,500
Support Levels Reference:
First Support Level: 82,000
Second Support Level: 81,100
Today's Recommendation:
BTC has already broken through the long-term downward trend line. If it can consolidate horizontally after rising without a significant pullback, the rebound momentum will continue.
Although the 1-hour level has entered an overbought state and may experience a pullback, it is not recommended to chase high. Wait for an appropriate pullback before entering. The first level is a strong resistance, as this price coincides with previous low and high points and overlaps with the 200-day moving average.
Therefore, do not expect the price to immediately break through this resistance level in the short term. If BTC can consolidate horizontally and solidify its bottom before considering a breakthrough.
The first support level at 82k is a short-term support but can be broken at any time. So for a stable short long position, wait for the 60-day moving average or the 81.1k support level to find an opportunity.
Also, pay attention to the 60-day moving average trend and see if the long-term downward trend line can hold. If the price breaks below the downward trend line, the trend reversal may fail and further decline.
4.10 Master Chen's Swing Trading Setup:
Long Entry Reference: 80,700-81,100 range with light position, Target: 83,500-84,500
Short Entry Reference: Not recommended at this time
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