Master Discusses Hot Topics:

After not updating for two days over the weekend, some fans started asking me: Will there be a major pullback? This makes me feel that the market is risky and fans are more anxious. Today, let's talk about this topic, and let's be practical, no need to worry unnecessarily.

The logic in a bull market is very simple: a decline is meant to lead to a stronger rise, just like a ball being hit to the ground; its rebound height depends on the force of the hit. Moreover, in a bull market, declines always have a limit. Once it crosses the line, the market's elasticity mechanism will pull it back immediately. This is called a rebound; it's a law, not a suggestion.

What about a bear market? Sorry, the ball has deflated. Each rebound is lower than the last, and over time, it becomes difficult to jump up. So in a bull market, don’t mess around with being in cash every day to prevent losses, thinking “to remain motionless is to control all movement.”

Being in cash every day is the safest, but the question is, isn’t the purpose of coming to the market to engage? There’s a risk of plane crashes when flying, so it’s better to mess around on the ground, at least you can enjoy the scenery.

Additionally, as mentioned in last Friday's article, whether the Federal Reserve will cut interest rates and whether Japan will raise interest rates will become the focus on the 18th of this month. But don’t rush; these two big bosses won’t start their silence period 10 days in advance. The market usually acts 72 hours ahead.

So the market has been relatively active these days; don’t add drama to yourself too early. Focus on the current market situation first. You need to put money in your pocket before thinking about what comes next; being steady is always a good idea.

Current Situation of Bitcoin: Final Sprint or Sideways Testing?

Last Friday, Bitcoin experienced a violent spike, clearing a wave of leverage, akin to a "heavenly cleanup." Next, this week, it’s highly likely there will be another surge before the Federal Reserve cuts interest rates, so in the short term, we should mainly focus on buying the dips.

But don’t be overly complacent; when the market reaches a phase of tail end, adjustments and washouts are almost inevitable. Whether it’s sideways or downward, the best strategy is to gradually take profits, don’t wait for the market to give you a waterfall-style liquidation.

Counterintuitive: What Should We Do When the Market is Bullish?

The market's antics always catch people off guard, especially when most people start betting in the same direction. If everyone is bullish, then what’s left to rise? It’s like a game of Mahjong where three people are waiting for a tile, and you insist on adding a fourth… it’s not going to happen.

At this point, we need to be wary of the market playing tricks in "another direction"—it may not drop directly, but it could very well be a long period of sideways movement combined with psychological torment.

A Dose of Antidote for Anxiety

Lastly, don’t let yourself become the market's "ATM." Prepare a 30% cash buffer for an unknown major pullback, leaving some bullets and room. Since you’re in the market, don’t be overly cautious every day; learn to accept volatility and control your positions.

This isn’t a Zen mindset; it’s a trading philosophy—the market is not to be feared, but to be played.

In summary, the market's fluctuations are its nature, while anxiety is human nature. Instead of worrying about pullbacks, trust your plan; instead of being trapped by volatility, seek opportunities within it!

Master Looks at Trends:

Bitcoin continues to test 100K but has not stabilized and has re-entered an adjustment phase. After breaking through 100K, due to the long bearish candle, we need to pay attention to whether there will be further adjustments. It is advisable to focus on important support levels and the upward trend line.

Currently, if the price breaks through the high-pressure selling area and gains support, as long as 99.3K is not broken, we can still expect further upward movement, and we need to observe whether the upward momentum can be sustained.

Resistance Levels Reference:

First Resistance Level: 100500

Second Resistance Level: 101500

Support Levels Reference:

First Support Level: 99300

Second Support Level: 98300

Today's Suggestions:

Currently, the view of maintaining a rebound is still valid, but considering the formation of the long bearish candle, we still need to pay attention to whether there will be further adjustments, especially observing whether the first-level support is effectively supported.

In the short term, we can maintain a rebound operational viewpoint, choosing suitable positions to enter the market. We can also pay attention to the first and second support levels as well as the trend line to set reasonable profit and loss ratio ranges.

For further upward movement, the market currently lacks new upward momentum and needs to wait for new market events to stimulate price fluctuations. During sharp declines, we can look for short-term entry opportunities in the stabilization range.

12.9 Master’s Band Strategy:

Long Entry Reference: Lightly buy in the 97300-98300 range. Target: 99300-100200. If it breaks through 10200 and pulls back again to 100450-100800, you can buy again.

Short Entry Reference: Lightly sell in the 10200-10500 range. Target: 99300-98300.

This article is exclusively planned and published by Master Chen (WeChat: 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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