Master's Hot Topics:

The market remains strong, with Bitcoin reaching around 104,244 as expected in the early morning, fulfilling the title of yesterday's article, "Bitcoin Breaks 100k and Aims for 105k!" Meanwhile, the U.S. stock market has also surged significantly, with a shift in the market occurring in just one day.

As for the May interest rate meeting, it has long lost its influence; the market is now focused on the progress of trade negotiations and economic data trends, especially trade talks. Trump, this old wall lamp, is quick to act, hinting on the 8th that the first trade agreement will be announced, leading to a direct market shift!

I believe some people must be confused about this surge. What’s going on? Reflecting back, the Master mentioned in an article at the beginning of the year that the biggest influences on the market this year are: Trump's policies > economic trends > Federal Reserve monetary policy.

To put it elegantly, Trump's policies are the independent variable, while the latter two are dependent variables that follow his lead. The market previously plummeted due to his chaotic uncertainty, and now he is desperately trying to recover, so it’s not surprising that prices are rising.

As we all know, this old wall lamp's biggest characteristic is his erratic and extreme behavior, but his corrections are also excessively precise; the core logic is that simple and brutal!

Back to Bitcoin, this surge has basically eliminated the possibility of a subsequent drop to new lows. Those looking to buy at lower prices for the medium to long term should wipe their mouths and adjust their expectations. If you ask whether it’s easy to catch the bottom now, it depends on price, patterns, and technical indicators.

If a price around 80k can be achieved, the Master believes it would be very attractive. Don’t argue with me; the Master didn’t say it will definitely reach that point. Even if it does, there will be peaks, pullbacks, rebounds, and further declines.

So, the current main upward wave still has one last adjustment to complete; only after this drop can we fully engage in a medium to long-term bullish strategy! Of course, the market is always right; if it breaks the previous high and continues to surge, that’s another story, and we can only adapt accordingly.

This surge has cleared out all the short liquidity around 103k and even 104k. The Master sees those who stubbornly hold short positions turning into liquidity.

Looking at the current market, the remaining short liquidity above the price is just the remnants at 105k and 106k; beyond that, there is a complete vacuum of liquidity. So at least for this week, we should not expect a breakthrough above 106k for now.

Master's Trend Analysis:

Resistance Levels:

First Resistance Level: 104200

Second Resistance Level: 103300

Support Levels:

First Support Level: 101500

Second Support Level: 100700

Today's Suggestions:

Currently, the price is showing a step-like increase on the 15-minute chart, so the range of consolidation after the price rise can be seen as short-term support. The view remains bullish for a rebound during the day.

If the price closes at the first resistance of 103.3K and successfully breaks that level, further increases can be expected. If there is a surge in trading volume and volatility in the short term, leading to a rapid breakout above the resistance, the bullish trend will continue.

If there is an adjustment before the breakout, it is advisable to pay attention to the support levels below and wait for the breakout of the resistance after the adjustment. The current first support level is short-term support and also a suitable entry point for ultra-short-term trades, while also monitoring the price movements within the converging range.

If the price adjusts, attention should be paid to the rising trend line at the lower bound of the converging range, while setting the 60-day moving average and the previous high of 101.5K as important short-term support levels.

5.9 Master's Wave Strategy:

Long Entry Reference: Buy in batches in the 100700-101500 range, Target: 103300-104200

Short Entry Reference: Not applicable for now

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). 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!

Warm reminder: This article is only written by Master Chen on the official account (as shown above), and any other 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。