Master Chen's Hot Topic:
The Federal Reserve announced for the third consecutive time that the benchmark interest rate remains unchanged, which was long expected. The rate statement notably mentioned that both inflation and unemployment risks are rising, which is a significant signal. Old Powell directly criticized the tariff policy during his speech.
He firmly stated that current tariffs are the primary culprit behind soaring inflation, economic downturn, and rising unemployment rates. This statement was sharp and direct, clearly showing a hawkish attitude and essentially slapping the tariff policy.
Inflation? Caused by tariffs! Economic downturn? Triggered by tariffs! Rising unemployment? Again, tariffs! As for rate cuts and balance sheet reduction, he stuck to his usual script, providing no clear expectations and letting the data speak for itself. The message is clear that the dot plot in June will be the key focus, and the market will be watching closely.
For BTC at the macro level, it serves as a backup for crisis response, with 82.7% of ETF control making it a key focus for the Americans. The active depreciation of the US dollar triggers capital outflow for risk aversion.
Altcoins' decline is the first phase, aimed at gaining initiative by talking down the market and addressing US debt and trade deficits. In the second phase, it is expected that efforts will be made to raise BTC during high gold prices to attract speculative funds.
Therefore, BTC is a crucial trump card, with monetary easing being the ultimate move, and in extreme cases, it might even trigger a hot war. The conclusion is to advise caution when entering altcoins to prevent being left without buyers.
Returning to the market trend, 99.8k is the last barrier before breaking 100k, with a smooth path from 99.8k to 100k and essentially no strong resistance. After breaking 100k, the next pressure point is 102k. Typically, breaking 100k will have a pullback, and the 99.3 to 98.8k range needs to be stabilized.
Once stabilized, it will test 102k again, then directly aim for 104.6 to 105k. Around 105k is the weekly upper rail, and only after reaching it will it turn downward. This is the expectation for next week, with the medium-term target still being 105k.
Master Chen's Trend Analysis:
Resistance Levels Reference:
First Resistance: 100000
Second Resistance: 99800
Support Levels Reference:
First Support: 97800
Second Support: 96800
Today's Recommendation:
If the price successfully breaks through the first resistance of 99.8k, it may experience a rapid surge and retest the 100k mark in the short term. At this point, pay attention to price momentum, but do not recommend blindly chasing high.
If the price does not pull back but continues to rise, it is recommended to wait and observe, and consider entering after the price falls. If a brief pullback occurs near 99.8k during the day, this could be a good entry point. If the price continues to rise without pullback, it is recommended to wait and observe, and consider entering ultra-short-term after the price falls.
If the price pulls back to the first support at 97.8k, this is considered a normal short-term adjustment and can be viewed as a buying opportunity. During the day, also pay attention to the golden cross signal of the 20-day and 60-day moving averages, which indicates the market is still in a rebound trend, maintaining a bullish expectation.
In the short term, if the price further rebounds to 100k, an important psychological resistance level, special attention should be paid to trading volume changes. If trading volume shrinks or shows volume stagnation, it may be a sign of pullback, avoid chasing high to prevent being trapped.
5.8 Master Chen's Wave Trading Preparation:
Long Entry Reference: 97800-98800 in batches, Target: 99800-100000
Short Entry Reference: Not recommended at this time
This content is exclusively planned and published by Master Chen Chen (Public Account: Coin God Master Chen). If you want to learn more about real-time investment strategies, hedging, spot, short, medium, and long-term contract trading methods, operational techniques, and K-line knowledge, you can join Master Chen Chen's learning exchange group, which now offers free fan experience groups, community live broadcasts, and other high-quality experience projects!
Warm Reminder: Only the column public account (shown above) is written by Master Chen Chen. Any advertisements at the end of the article or in the comments are unrelated to the author! Please be cautious in distinguishing authenticity, and thank you for reading.
