Master Discusses Hot Topics:

It is said that after the recent chaotic tariff antics by the "Chuanzi," Old Bao suddenly backed down and eased up, inexplicably pushing the market up for two consecutive days. Trade wars and tariff tug-of-wars are getting nauseating!

Speaking of Bitcoin leading the charge these days, Ethereum is also getting a bit of the leftover scraps. Retail investors complain daily that Ethereum is rising as slowly as a snail, but complaints aside, at least it is still rising. After waiting for 32 days, the Ethereum spot ETF finally made a strong move.

An increase of over 6,000 in a single day, many people have waited until their hair turned white! But what’s the use? Ethereum trying to fly solo away from Bitcoin is simply a pipe dream; the market's liquidity is as bad as constipation, so Ethereum can only be Bitcoin's tail.

Additionally, everyone should have seen that the total market cap of cryptocurrencies has broken through the 3 trillion mark, which looks quite impressive, right? But getting funds to enter the market is not that easy!

This market is like a scheming mistress, likely to consolidate here and then fake a drop, waiting for you to foolishly cut your losses, before suddenly pulling up and making a fool of you! I’ll say it straight: Bitcoin retracing to 91.2k is a done deal.

Another thing is that the market is full of gamblers! Most people think they are the chosen ones, crazily leveraging up, fantasizing about getting rich overnight. I’ll be blunt: these people are just waiting to be harvested like leeks!

So regardless of whether you are making a profit or a loss right now, you must set your take-profit and stop-loss levels! When the time comes, cut your losses if you need to, and run if you have to; don’t stubbornly hold on!

Don’t think you can withstand it; this broken market specializes in treating all forms of defiance. If you dare to go head-to-head, it can leave you with nothing! In this day and age, preserving your capital is the way to go; don’t be a gambler; staying alive gives you a chance to turn things around.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 94,500

Second Resistance Level: 93,900

Support Levels Reference:

First Support Level: 92,500

Second Support Level: 91,500

Today's Suggestions:

From a technical indicator perspective, attention should be paid to the 120-day moving average on the daily chart. As we are currently in the overbought zone, adjustments and consolidations may continue. If the market declines, the 120-day moving average on the daily chart should also be monitored.

The first resistance level is in the range of 93.4k to 94.5k, which can be set as a new high selling pressure resistance level. This is the range that must be broken for further upward movement; the price may consolidate in this range for a while before attempting to break through.

Currently, Bitcoin is rising sharply in a one-sided manner, but market trends cannot develop in just one direction, so we must be wary of potential adjustments and not blindly chase after rising prices. During the market correction process, it can be seen as an opportunity for very short-term entry.

The current first support level at 92.5k is the previous low point that must be maintained after the market rebounds, and it can be viewed as the range that needs to be held to sustain the short-term upward trend.

If the market breaks below the first support level, it may open up to the range of 91k to 91.5k. During the day, we can pay attention to whether the market will retest the upper edge of the converging pattern while holding above 92.5k.

4.24 Master’s Wave Strategy:

Long Entry Reference: Lightly buy in the range of 90,500-91,500; Target: 92,500-93,900

Short Entry Reference: Not applicable for now

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