Master Discusses Hot Topics:

Last night, the beautiful stocks took off, and the Chuanzi Media Group suddenly put out 2.5 billion dollars to stock up on Bitcoin. Logically, this wave should directly push Bitcoin to a new all-time high, and Ethereum should also break through the high point from two weeks ago, right?

But what happened? Bitcoin didn't even reach a new high, and ETH just greeted us from the same spot, reminiscing about the levels from two weeks ago. So the question arises, why didn't the market sentiment follow the surge in capital?

In fact, during this period, the market has been contemplating a pullback. However, the selling pressure has been completely wiped out by waves of buying. Now, after the consolidation period, choosing a direction is a problem.

At present, I personally believe the overall trend still leans bullish. Here, the sideways movement is unclear whether it indicates a peak distribution or if it's just gathering strength for another move; both sides' arguments are not strong enough. The only thing that can be confirmed is that the bulls still dominate at various levels.

If I had to force a metaphor, I would say it's like an enhanced version of the dead cat bounce from 2022. However, the whales are increasing their holdings even more aggressively; it's not just enhanced, it's practically deepening!

Back to Bitcoin, to be honest, this recent wave of market activity is really surreal, almost just for the sake of oscillation. The short liquidity at high levels is lined up, and despite such a perfect liquidation window last night, they still didn't take action.

The bulls at low levels are also not idle, piling up their positions high. Want to crash the market? You might just get stopped by the bulls. Want to pump the market? The sell orders in the spot market act like an iron plate, making it hard for you to breathe.

Logically, once the liquidity in the futures market becomes dense in the liquidation zone, the price will eventually have to liquidate. This requires two conditions: the reverse liquidity must be weak, and the spot orders must not be too dense, but currently, neither of these conditions is met.

There are too many bulls below, many of whom are eyeing the take-profit orders at 114,700. The short liquidation zone is filled with spot sell orders, forcing the price to get stuck here, waiting for the liquidity difference between the bulls and bears to accumulate enough to trigger a big move.

So the conclusion is to patiently wait. If the bulls continue to increase, the market may first eliminate the bulls before going after the bears. In short, if the enemy doesn't move, I won't move either. Recently, I haven't been making random judgments about the overall direction; when short-term opportunities arise, I'll act first and discuss later.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 111,700

First Resistance Level: 110,100

Support Level Reference:

Second Support Level: 107,600

First Support Level: 106,500

Today's Suggestions:

Bitcoin is facing resistance around 110K, forming a double top before starting to pull back. Currently, it is uncertain whether 110K can truly break through; blindly expecting a breakout is not analysis but rather entering based on feelings, which naturally carries significant risk.

In the short term, attention can be paid to the direction of the 60-day moving average. If the price rebounds, focus on the trading volume and candlestick patterns in the range of 109K to 110K, as a further pullback is not ruled out.

The first resistance at 110,100 is a high point that has been tested multiple times without breaking; if it successfully breaks with increased trading volume, we can expect an additional bullish push.

If the first resistance breaks with volume, there is hope to look towards the second resistance level of 111,700, but the risk in the high point range is concentrated, so it is recommended to reduce positions in batches.

107,600 is a key short-term support; only if the price holds this range can the bullish pattern continue. Once it breaks down, the downside risk will quickly amplify. The second support coincides with the 60-day moving average, making it an ideal low-position layout area, which can serve as an entry point for short-term longs.

5.28 Master’s Wave Strategy:

Long Entry Reference: Accumulate in batches in the range of 106,500-107,600; Target: 110,100-111,700

Short Entry Reference: Accumulate in batches in the range of 110,100-111,700; Target: 107,600-106,500

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 performative players; today they screenshot long positions, and tomorrow they summarize short positions, making it seem like they "catch the top and bottom every time," 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!

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