Master Discusses Hot Topics:

It's Monday, let's talk about the key news events for this week. On Tuesday evening at 21:00, Federal Reserve Vice Chairman Jefferson will speak. His words may reveal how the Fed plans to proceed next, which could have a significant impact.

On Wednesday, the G20 meeting will take place, where global leaders will discuss the economy, and the market is sure to react. On Thursday at 2:00 AM, the Fed's Beige Book will be released, which could introduce uncertainty during that time.

Speaking of uncertainty, we must mention the current tail-end market. Both long and short positions need to set stop-losses. Retail investors are getting confused, and the main players might take advantage of the information flow to manipulate the market.

Back to Bitcoin, it has been consolidating for a week, but this morning it finally went up. However, don't celebrate too early, as it is about to hit the resistance level of 88k, which has been firmly held since March 24.

Over the weekend, a bunch of unknown altcoins suddenly surged as if they were injected with adrenaline, and on Monday, Bitcoin jumped over 2000 points in the Asian market. I suspect that the funds in the Bitcoin circle are playing an internal cycle since the US stock market hasn't shown much improvement. Of course, this is just my personal speculation.

With Bitcoin's main force choosing to break upwards this morning, the price has entered a strong fluctuation range of 86.3k to 87.7k. If it can close above 87.3 in the next couple of days, then 90k is likely to be stable.

Although it has broken through the 86k resistance, the 5-day and weekly moving averages have moved downwards. If it can break through 88.8k, the upper limit will be 91k.

Therefore, only a breakthrough and stabilization above 91.7k can be considered a trend reversal. If it stabilizes, it can aim for 95k to 100k. Last week, 86.4k was a strong resistance, consolidating for over a week. After the rise this morning, it needs to break through 88.8k and stabilize before reaching 91k.

Now, regarding Ethereum, the key point is to break and stabilize above 2660. Only then can we see 4k. In the first half of this year, it faced three peaks: 1912, 2112, and 2320. So the road ahead is still long; if the much-hyped upgrade can't support it, it might really fail in the short term.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 88500

Second Resistance Level: 87700

Support Levels Reference:

First Support Level: 86800

Second Support Level: 85800

Today's Suggestions:

From a technical analysis perspective, a large bullish candle has appeared on the current chart, and the price has entered the overbought zone. If you want to wait for a pullback before entering a short-term long position, you can monitor whether the overbought condition will persist.

The first resistance level at 87.7k is the first previous high in the dense area of previous price highs. If a pullback occurs, there may be an opportunity for a retest after breaking through. As for the second resistance at 88.5k, you can observe the strength of the adjustment over a shorter time frame to look for buying opportunities on a pullback.

If the price adjusts, the first support at 86.8 is the area of a previous high. You can consider looking for entry opportunities in the range of 86.5 to 86.8k. However, this support level may not hold completely and could briefly break, so the adjustment range is roughly set around 86.5k.

The second support level at 85.8k is the high point of the box during last week's consolidation and can serve as a key support reference. If it breaks below this level, market sentiment may turn bearish.

4.21 Master’s Swing Trading Plan:

Long Entry Reference: Not currently referenced

Short Entry Reference: Light short in the range of 87700-88500, Target: 86800-85800

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