Master Discusses Hot Topics:

Speaking of which, Powell was quite tough last night, directly stating: "Don't expect us to step in to save the market!" He also emphasized that the Federal Reserve will not be led by political pressure.

Doesn't this sound like an open challenge to Trump? Trump is probably furious; Master thinks he should really fire Powell and bring in someone more compliant. What’s the point of keeping someone like this? Just causing trouble!

As soon as Powell opened his mouth last night, the market immediately wilted. Why? Master has mentioned before that the core reason for the market's sharp decline is the strong uncertainty in policy, coupled with expectations constantly being dashed.

The tariff issue has made people anxious; at such times, one can only rely on tariff policies to resolve issues. The Federal Reserve's interference is useless. As for what the Federal Reserve will do next, it depends on the situation after the tariffs are implemented in early April. How is inflation? How is the economy?

Wasn't Fed Governor Waller saying the other night that if tariffs are only 10%, inflation won't react much, and the economy slows a bit, then rate cuts are possible? But if there’s a big shock, Powell could play the role of the white knight, not only cutting rates but possibly pulling out big moves, like buying assets to expand the balance sheet.

As for tapering, it will definitely stop by the end of the second quarter or at the latest the third quarter (Powell will surely insist on calling it a "pause"). Their usual tactic is to suppress the market first, not letting you get too excited too early.

If they shout about rate cuts now, there won’t be any surprises when it actually happens. So Powell's toughness this time makes Master feel that the previous speculation: rate cuts in May or June are still hopeful. It’s just a deliberate show of strength, putting on a display of the Federal Reserve's authority.

Back to Bitcoin, the short-term top is around 86.8k, and Ethereum at 1688 is the short-term ceiling. The closer the rebound gets to these two points, the better for short positions. Just yesterday, Master provided a pre-set short in the 85400 range in the public account, and the highest it reached in the early morning was around 85450, accurately capturing over 2000 points!

The current market fundamentals are bearish; it’s just a matter of time before it collapses. A significant rise relies entirely on news for salvation. Gold is at a new high, bond yields are at a new high, the tariff war is heating up, and the dollar is depreciating, while the three major U.S. stock indices have all crossed bearish.

Although the tops for Bitcoin and Ethereum don’t seem far apart, they can’t break through without major news support. Currently, the volatility is low, and Ethereum looks quite strong, but that’s because Bitcoin is hovering sideways. Once Bitcoin breaks below 83k with volume, Ethereum will definitely follow and break below 1500.

This wave of decline in the crypto market is not just its own issue; unless Trump cancels the trade war or Powell cuts rates early, a significant rise in the near term? Don’t even think about it. So Master has been closely watching the tariffs and Trump’s movements; that’s the clear signal from the big players.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 85000

Second Resistance Level: 84400

Support Levels Reference:

First Support Level: 83200

Second Support Level: 82700

Today's Suggestions:

First, from a technical perspective, if the current high point cannot be broken, the trend may continue to reverse, and there will be more profit-taking in the short term.

Currently, the short-term resistance is at the overlapping position of the 60 and 120-day moving averages, which is around 84.4k. If it continues to rise, it must break through this range to extend the black trend line above on the 1-hour level.

The first support at 83.2k is currently a key position; it held this low point during yesterday's sharp drop. If it breaks below here again, there may be disappointing sell-offs, increasing the probability of further declines.

4.17 Master’s Wave Pre-set:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the 86000-86800 range, Target: 85000-84400-83200

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). Master Chen is the same name across the internet. For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and knowledge about candlesticks, you can join Master Chen for learning and communication. A free experience group for fans has been opened, along with community live broadcasts and other quality experience projects!

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