Master Discusses Hot Topics:

To be honest, the market is becoming increasingly cunning, with various positive news and micro-strategies coming out daily to protect and increase positions. Every time Bitcoin tries to take a breather, the micro-strategies act like a shot of adrenaline, causing it to bounce back immediately.

In simple terms, this trend is a typical strong bullish structure. Without significant negative news, the 100K level is not something that can be easily broken. Note that I am referring to significant negative news stimuli.

Although the increase yesterday was not large, our low-buy strategy steadily hit the first target. We made a solid profit. So, in the short term, we should continue this approach: buy when there is a pullback to support, and don’t hesitate.

However, returning to the market, it’s a bit of a stretch. The short liquidity piled up above has reached its highest level in nearly two months. You read that right; it’s piled up like a mountain. Logically, in this situation, the market should have already experienced a wave of short liquidations.

But the problem is that the spot premium index continues to decline, meaning that the spot market is not giving any leeway. Instead, while the contract market is in a tug-of-war, they are quietly offloading.

This is very typical: on one hand, they are pulling for liquidations, while on the other, they are dumping chips. Familiar? Very familiar, right? So, the market has been a bit tricky these days, and the advice I can give is limited.

Additionally, there’s the CPI tonight, which is also crucial. If the market really wants to spontaneously clear these shorts, it means there’s no greater negative pressure.

But if these shorts are not being forced out, the only explanation is that something more fearful is coming. Either the CPI rebounds explosively, or the East and the beautiful surface appear amicable but make no progress. In any case, there must be some negative factors weighing on the market.

Today, let’s also talk about Ethereum, which has actually been quite strong these past few days. Although it has been grinding in the 2380-2788 range, it finally broke through 2800 recently, indicating that the 2660 level, which was originally a resistance, has now firmly become a secondary support.

Last week, before Bitcoin's correction, ETH filled a gap, and now it’s ETH’s turn to surge. In the short term, we can first look at 3112, which is the upper band of the weekly Bollinger Bands. If it confirms a stable hold above 2820-2880, it can aim for 3300 or even 3600.

The MACD is opening upwards, both the daily and weekly charts are strong, and the 5-day line is also preparing to turn positive, showing a typical hidden bullish accumulation trend. A short-term pullback can be a buying opportunity; just pay attention to position control and set defensive targets.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 111700

First Resistance Level: 110300

Support Level Reference:

Second Support Level: 108900

First Support Level: 107700

Currently, from a 4-hour perspective, as long as the price can stabilize above the short-term upward trend line, we can continue to maintain a bullish rebound outlook. If there is a correction, we should focus on the movements around 107.7K and the 200-day moving average. It is not advisable to blindly chase highs; instead, control the trading rhythm in conjunction with the RSI overbought zone.

Today, we will focus on whether the price can steadily break through the first resistance at 110.3K and continuously raise the low points along the upward trend line. If a double top forms near 110.3K, do not chase the rise. As long as it does not break below the trend line and does not fall below the 108.7–108.9K low points, we can continue to maintain a short-term rebound outlook.

108.9K is the previous low formed before last night's lowest close; as long as it does not break below, it can support the current short-term rebound. Even if it breaks down, as long as the K-line closes with a long lower shadow, it is still a favorable trend for the bulls.

If the market further dips, 107.7K is a key support area to watch. This is where multiple moving averages converge and is a very suitable short-term buying position for gradual purchases.

6.11 Master’s Wave Strategy:

Long Entry Reference: Buy in batches in the 107700-108900 range, Target: 110300-111700

Short Entry Reference: Not applicable for now

If you truly want to learn something from a blogger, you need to keep following them, rather than making hasty conclusions after just a few market observations. This market is filled with performers; today they screenshot long positions, and tomorrow they summarize short positions, making it seem like they "always catch the tops and bottoms," but in reality, it’s all hindsight. A truly worthy blogger will have a trading logic that is consistent, coherent, and withstands scrutiny, rather than jumping in only when the market moves. Don’t be blinded by exaggerated data and out-of-context screenshots; long-term observation and deep understanding are necessary to discern who is a thinker and who is a dreamer!

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!

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