Master Chen's Hot Topic:
Recently, the market sentiment is somewhat like September 2023, with a dead atmosphere. Later, the ETF news broke through, and confidence rapidly increased, ultimately reviving the BTC bull market.
To restart the market now, we still need some high-level explosive news. For instance, interest rate cuts or expanding the balance sheet could create a true BTC market bull run, rather than just BTC enjoying itself.
So Master Chen sees many still saying the bull market hasn't arrived, which is actually reasonable from a macro cycle perspective. Simply put, institutional investors are frantically buying BTC, while retail investors are thinking about Altcoins. Why don't retail investors care about BTC's rise?
Because they don't even have BTC, they're just waiting for the Altcoin season, holding a bunch of Altcoins hoping to break even. What does this mean?
Clearly, institutions and main forces are using trash Altcoins as a sickle, crazy cutting retail investors' real money, ultimately aiming to exchange for BTC. What's valuable? North Korean hackers have already demonstrated this. Master Chen has long said in articles that with poor market liquidity, whoever believes Altcoin season can turn around is a pure fool.
Performance has been okay in the past two days. But the tariff issue is still grinding retail investors' patience, with the three major US stock indexes collectively retreating before closing. What does this indicate? The market is still very troubled by tariff uncertainty.
After all, there's no definite information about tariffs. At 5 AM Beijing time on April 3rd, Trump will formally announce the tariff results, and we'll see then.
Back to BTC, the daily chart looks like a V-shaped reversal, touching the upper Bollinger Band, seemingly like a trend at first glance. But don't rush to go long. The higher it goes, the greater the pressure. Human nature is like this - a rebound makes people think it can keep rising, with bull market illusions in their heads.
But this isn't a unilateral rise, how could it keep surging? In oscillating markets, rebounds never exceed 72 hours, that's the iron rule. Tomorrow is Thursday, and according to Master Chen's previous statement, if there's a rebound on Monday and Tuesday, Thursday and Friday will basically be short. This won't always be accurate, but it's reliable most of the time.
Master Chen's Trend Analysis:
Resistance Levels Reference:
First Resistance: 86500
Second Resistance: 85300
Support Levels Reference:
First Support: 84300
Second Support: 83500
Today's Recommendation:
After breaking through 85K, BTC has been retesting, currently oscillating in the 200-day and 120-day moving average zone. Since a large red candle formed on the 4-hour chart, if it enters a sideways consolidation, it can be viewed as a high-level consolidation, maintaining a short-term rebound perspective.
If it breaks through the first resistance level, an N-shaped rise might form. Price could potentially rise to around 87K. If the current candle closes above the 200-day moving average, the upward trend will further increase.
As the price hovers near the 200-day moving average, if it can hold the 84-84.3K historical high point zone, further rise can be expected. Also, pay attention to resistance line breakthroughs.
The first support at 84.3K coincides with the 120-day moving average, which is today's crucial support. A candle with a lower shadow might appear (price drops then rebounds), so 84-84.3K can be set as an important support zone.
If the price drops to the second support at 83.5K, and the candle is a red candle (closing price lower than opening price), the perspective turns short; if it stops falling and shows a lower shadow, the rebound perspective can be maintained.
Since a green candle has formed, as long as the adjustment doesn't break more than 50% of the green candle's range, the rebound perspective can be maintained.
4.2 Master Chen's Wave Trading Embedded:
Long Entry Reference: 82500-83500 zone with light position, Target: 84300-85300
Short Entry Reference: 85600-86500 zone with light position, Target: 84300-83500
This content is exclusively planned and released by Master Chen (Public Account: Coin God Master Chen). For more real-time investment strategies,解套, spot, short, medium, and long-term contract trading methods, operational techniques, and K-line knowledge, you can join Master Chen's learning exchange group, which now offers free fan experience groups and community live streaming!
Warm Reminder: Only the column public account (above image) is written by Master Chen. Advertisements at the end of the article and in the comments are unrelated to the author! Please be cautious in distinguishing authenticity, thank you for reading.
