Master's Hot Topic Discussion:
Following the recent tariff chaos by the kid from Chuan, Old Bao suddenly softened and released water, mysteriously pushing the market to rise for two consecutive days. Trade war, tariff tug-of-war - we're sick of hearing about it!
Speaking of BTC leading the charge these days, Ethereum is also getting some leftovers. Retail investors keep complaining that Ethereum is rising as slowly as a snail, but complaints aside, it's still rising. After waiting 32 days, the Ethereum spot ETF finally showed some backbone!
Increasing by over 6,000 coins daily, many people have gone gray waiting! But what's the use? Ethereum wanting to break free from BTC is pure fantasy. With current market liquidity as constipated as it is, Ethereum can only remain BTC's tail-chaser.
Everyone has probably noticed that the total crypto market value has broken through the 3 trillion mark, which looks impressive, right? But entering the market isn't that easy!
This market is a scheming b*tch, most likely to create a false breakdown after sideways movement, waiting for you to foolishly cut losses before suddenly pulling up and making a monkey out of you! I'm telling you, BTC retracing to 91.2k is a done deal!
Moreover, the market is full of gamblers! Most people think they're the chosen ones, crazy about leveraging, fantasizing about getting rich overnight. I'll say it straight - these people are just waiting to be harvested!
So whether your position is profitable or not, set your take-profit and stop-loss! Cut losses when you should, run when you should - never stubbornly hold on!
Don't think you can withstand it. This broken market specializes in defeating all resistance. If you dare to fight hard, it can make you lose everything! These days, preserving capital is key. Don't be a gambler - survive to have a chance to turn things around.
Master's Trend Analysis:
Resistance Levels:
First Resistance: 94500
Second Resistance: 93900
Support Levels:
First Support: 92500
Second Support: 91500
Today's Recommendation:
From technical indicators, pay attention to the 120-day moving average on the daily chart. Currently in an overbought zone, continued adjustment and consolidation may occur. If the market drops, also monitor the 120-day moving average on the daily chart.
The first resistance is in the 93.4-94.5k range, which can be set as a new high selling pressure level. This is the range that must be broken for further growth, and the price may consolidate in this range before attempting to break through.
BTC is currently rising sharply in a unilateral uptrend, but market trends can't develop in only one direction. We must be wary of potential adjustments and avoid blindly chasing gains. During market pullbacks, it can be viewed as an opportunity for ultra-short-term entry.
The first support at 92.5k is the previous low point maintained after the rebound and can be seen as the range that must be held to maintain the short-term uptrend.
If the market breaks below the first support, it may open down to the 91-91.5k range. Intraday, pay attention to whether the market will retest the upper limit of the convergence pattern while holding at 92.5k.
4.24 Master's Swing Trading Setup:
Long Entry Reference: 90500-91500 range, light position, target: 92500-93900
Short Entry Reference: Not recommended
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