Hot topics of Master Chat:
Yesterday, a friend of mine insisted on talking to me about OM. To be honest, I really don’t want to talk about altcoins this year. This thing has collapsed from $6 to $0.5. I have been in the coin industry for so many years, and I have seen a lot of ups and downs.
In fact, many copycat projects from last year to this year are bad enough, but the bankers of copycat projects like this are even worse. If you are an experienced investor, you should have seen many projects collapse.
I am a timid person. I will never touch projects and currencies that I don't understand the fundamentals and have no technical support. If you are trapped, just accept it. This is how the pie circle is. If you lose, you will accept the loss.
Back to the point, the US stock market and the big cake are both rising slightly. Chuanzi keeps adjusting tariffs, and it feels like a smokescreen. The actual tariffs may not be that harsh.
Waller of the Federal Reserve also spoke out, saying that if the average tariff in the United States really reaches 25%, inflation may surge in the short term, but the economy is expected to go into recession.
If there is a recession, he supports a sharp interest rate cut to save the situation. But if the tariff is around 10%, inflation will persist, but the economic impact will not be significant, so the Fed will have to be careful about cutting interest rates. If inflation can fall back to 2%, the Fed may cut interest rates in the second half of the year.
To put it bluntly, Waller thinks that if tariffs really reach 25%, the US economy will most likely collapse, and interest rate cuts will only delay the economy and will not save it.
Let's talk about Bitcoin again. The Americans are still messing around. What we can do is to see the essence and make money from the root. At present, Bitcoin has not seen a big drop in volume. It has been hovering above 80,000 for three or four days, which is not a bad thing for us.
If the market really falls, we will chase profits, so it is better to buy in at a high position. Yesterday, the short position pre-buried in the article by Master from 85.3k to 86.7k still made nearly 2k points. Judging from the on-chain data and the costs disclosed by institutions, the institutions are probably between 50k and 70k. They cannot lower the cost at this position, so a further fall is beneficial to institutions.
Most retail investors are watching and no new money is coming in. The Americans haven't figured out their own problems yet, so the conclusion is that Bitcoin may fall at any time, and only a big fall can put the market sentiment in place. At present, Bitcoin starts at 85k, and in the medium term, the chances of falling will definitely be greater than rising.
Master looks at the trend:
Resistance level reference:
First resistance level: 86100
Second resistance level: 85500
Support level reference:
First support level: 84300
Second support level: 83200
Today's suggestion:
Although Bitcoin fell briefly yesterday, it has now recovered and maintained on the upward trend line. Technically, Bitcoin is forming an ascending triangle convergence pattern. If it can hold the upward trend line below, it is expected to test the resistance level of 85.5k.
In the current market situation with large fluctuations, it is necessary to pay attention to the possibility that the upward trend line may be temporarily broken. Therefore, it is recommended to pay attention to the first and second support levels below when operating.
The first resistance level is the upper resistance of the ascending triangle convergence pattern. If the neckline is broken, further gains can be expected. It is recommended to wait for a pullback after the backtest before entering the market.
Although the market sentiment has improved, it has not yet reached a new high, so we need to be alert to the profit-taking pressure at the resistance level. When operating, we need to consider timely stop-profit at the resistance level and gradually accumulate profits.
In the short term, it is crucial for the price of the currency to hold the first support to maintain the current upward trend. If it falls below this support, the upward speed may slow down. When testing 85k, it is recommended to look for entry opportunities near the rising trend line or the first support level.
If there is a sharp drop, you need to pay attention to the second support level. During the sharp drop, a lower shadow may form near the second support level, which can also be used as an ultra-short-term entry opportunity.
4.15 Master band pre-embedded:
Long entry position reference: Not referenced yet
Short entry reference: 85500-86100 range light position short target: 84300-83200
