Master Discusses Hot Topics:

With the dust settling on the election, market volatility has significantly decreased, and historical patterns are once again evident. As previously mentioned by the Master, market fluctuations tend to intensify as the election approaches due to changing expectations, prompting investors to seek safe havens. Once the results are announced, uncertainty turns into certainty, and volatility subsequently declines.

After Trump's victory, the market may experience a phenomenon of "good news fully priced in." If policy implementation falls short of expectations, it could trigger reverse trading. In a previous phone discussion with fans, the Master believed the market might initially surge before retreating, but the extent of the pullback would be limited, and there would still be upward potential after the adjustment.

After all, Trump will not officially hand over power until January next year, and real policy implementation will take one to two months after he takes office. During this period, the market is filled with optimistic imaginations about Trump's future governance.

I remember in October, the market driven by the expectation of Trump's victory was like being in a passionate romance, with small investors hinting, "This is the man!" The election victory felt like entering a honeymoon phase, and the market was sweet. However, as time goes on, if it becomes apparent that Trump talks more than he acts, disappointment may arise, and market enthusiasm could gradually wane.

As someone joked, "Trump's policies are like his new hairstyle; they look stylish, but we don't know how long they will last."

Regarding Bitcoin and Ethereum, the Master mentioned in an article on October 30 that if Ethereum does not break above 2820, then this wave of Bitcoin bulls would be the last hurrah.

In the Master's view, when Bitcoin previously broke new highs, Ethereum did not break the 2820 resistance level in sync as it did when Bitcoin reached new highs last year, which made the Master question whether Bitcoin's breakout was false and whether it would form a weekly top divergence; perhaps we will see clarity this month.

Speaking of Ethereum, the Master believes many friends want to continue asking, will the altcoin season arrive? However, this morning, Ethereum successfully broke through the 2820 resistance level, and DEFI (Decentralized Finance) has risen across the board, suggesting that market funds seem to be flowing from Bitcoin to the Ethereum series, with BTC.D (Bitcoin Dominance) also plummeting.

As the exchange rate between Ethereum and Bitcoin begins to stabilize, the Master believes this is a trend change of significant importance, potentially ending a three-year decline in the exchange rate and ushering in a strong period for Ethereum.

Since Ethereum has broken through 2820, the Master will no longer hold a bearish view on the market in the near term. Of course, the Master is also aware that there is still a possibility of a false breakout, but if this week's weekly K closes with a solid breakout above 2820, then the rebound of Ethereum and altcoins will continue.

Master Looks at Trends:

Bitcoin, influenced by Trump's election, is refreshing its historical highs. Overall market sentiment is positive; unless there is significant bad news, a major decline is not expected. The current position is suitable for moderate adjustments, so one can observe support at the pullback support line and maintain a rebound outlook.

Due to the continuous refreshing of historical highs, it is difficult to predict new peaks. In the new high area, attention should be paid to trading volume and K-line patterns, and one should respond with trailing stop-loss strategies.

Resistance Levels Reference:

First Resistance Level: 76100

Second Resistance Level: 77000

Support Levels Reference:

First Support Level: 75200

Second Support Level: 74500

Today's Trading Suggestions:

Currently, market buying pressure is strong, so a breakout above the upper part of the rising wedge pattern is needed to confirm the continuation of rebound momentum. (If it breaks below the wedge and returns, one should pay attention to the possibility of a decline to 74500 and respond accordingly.)

From a very short-term perspective, the optimal entry price is in the second support area at 74500. When rebounding near historical highs, one should determine whether to take profits or continue holding based on trading volume.

If a breakout occurs within the rising wedge pattern above the short-term downtrend line, the short-term trend may reverse. The current price has tested high levels and retreated; if it can hold the support level, it will be seen as an entry opportunity.

11.7 Master’s Wave Strategy:

Long Entry Reference: Buy in the range of 73000-73500, with a stop loss at 72500, target: 74500-75200-76100

Short Entry Reference: Left-side trading can take a light short position near 76400-77000 after a new high, target: 75200-74500

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). Master Chen is the same name across the internet. For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and K-line knowledge, 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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