Master Discusses Hot Topics:

It's only Tuesday, and I'm already feeling that this week's market is really unbearable. A few days ago, I mentioned that this week would return to the themes of tariffs and monetary policy.

As expected, Trump didn't disappoint, directly notifying 14 countries including Japan, South Korea, and South Africa about tariffs. Then he issued an executive order, saying that the reciprocal tariffs would be postponed until August 1st.

Did everyone understand? The date of August 1st has significance. Because Japan might raise interest rates on July 31st, if these two events happen simultaneously, the market could take a significant hit, and I personally might not be able to withstand it.

However, from a structural perspective, the bullish pattern for Bitcoin is still intact and hasn't broken down. There’s some short-term volatility, but the pullbacks are basically opportunities, not traps. The entire third quarter can be described as a period of speculation; whether it's difficult or not, you'll have to figure it out yourself. Anyway, if you don't think critically, it's easy to get trapped by the market.

Speaking of which, the turnover rate on Monday was even lower than on Sunday, and market sentiment is quite weak. Everyone is watching July 9th, fearing that Trump will pull another stunt.

Currently, the main chips for Bitcoin are concentrated between 104K and 108.5K, with nearly 2.2 million coins in circulation, which is relatively stable. The main reason is that there hasn't been a significant drop in the U.S. stock market; Bitcoin is still following the S&P and Nasdaq closely. As long as the U.S. stock market doesn't crash, it can hold up.

Back to the market, I see the trend this week as rising from Monday to Wednesday, then falling, with a high probability of a rebound on Thursday and Friday. This is because the Federal Reserve's minutes coming out on Wednesday night will likely contain some soothing language to sweeten the market. The structure is still moving upwards, as the bottom of the fluctuations is getting higher.

The key support is at 107K; as long as this level holds, the bias remains bullish, oscillating upwards. The previous support at 105K to 106K, to put it bluntly, can't hold, so don't expect too much.

If it really breaks below 107K and can't get back above 108K, then it will be troublesome, and we will continue to look down, with strong support at 102K. We are currently in a battleground for bulls and bears, with support and resistance swapping roles; whoever flinches first will explode.

By the way, some people hold their positions for no more than 4 hours. Yet they worry every day about whether the weekly chart is bearish or bullish. What impact does that have on your short-term trading?

The reality is that Bitcoin is currently draining liquidity, and altcoins are being cut down in ways that are hard to describe. This cycle can be summed up in one word: tragic! During this time, even if you evaded taxes, cheated on your girlfriend, or did something bad, it wouldn't compare to buying a few altcoins; a larger position could wipe out all your past debts, making life quite interesting, my friend!

So stop fantasizing; in the current market, there are really no more than three coins that can steadily make money. Bitcoin is like a central air conditioner, comfortably cooling itself while leaving altcoins shivering.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 109700

First Resistance Level: 108500

Support Levels Reference:

Second Support Level: 106600

First Support Level: 105300

Currently, the 4-hour trend is leaning towards a short-term decline, so pay attention to the support near the rising trend line, waiting for a pullback to stabilize before considering entry. The 120 and 200-day moving averages near the upward trend line also serve as short-term support.

Currently, the coin price is fluctuating between 106.6K and 108K, and the trading volume has significantly shrunk. In this low-volume situation, we need to be cautious of further declines.

The first resistance level at 108.5K is the previous high point area; if it holds, the upward trend will continue. However, it has now been effectively broken and turned into a resistance level.

The second resistance level at 109.7K needs to be confirmed for solid support below before considering it. If 108.5K can be reclaimed and stabilized, then the area around 110K may be tested again.

The first support level at 106.6K is the current key support, where the upward trend line and moving averages overlap, providing a certain level of technical support strength. It could be considered as a starting point for building positions in batches.

If the second support level at 105.3K is lost, it means the upward trend line has officially been broken, and the market will enter an accelerated decline mode. Overall, maintain a short-term bearish outlook today, focusing on whether the decline stops at key support levels. Once it stabilizes, you can switch to a rebound strategy for trading.

7.8 Master’s Wave Strategy:

Long Entry Reference: Buy in batches in the 106600-107300 range, Target: 108500-109700

Short Entry Reference: Sell in batches in the 109000-109700 range, Target: 106600-105300

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 their long positions, and tomorrow they summarize their 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 flashy 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). If you want to learn more about real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, 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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