Master Discusses Hot Topics:

This morning, the U.S. International Trade Court directly overturned Trump's tariff strategy, which means the federal government finally couldn't take it anymore. This little power play didn't earn anything but made the market feel like it was having a mental breakdown.

Unfortunately, the market is too lazy to even pay attention to this matter now; the impact of tariffs has become severely marginalized, and neither good nor bad news can stir up any waves. The market is at best just going sideways with a slight fluctuation.

So what should we look at next? Let's return to the main theme. Bitcoin is climbing up, and Ethereum is showing some rebound momentum, but a whole bunch of altcoins are still lying at the bottom, too lazy to move.

Back to Bitcoin, what can we say? First, as long as it doesn't break 105,500, the bears should keep quiet. It has withstood 106,600 twice already, and despite the divergence, it can still make new highs, indicating that the root of the trend is still there, and no one can change that.

It's been a while since we talked about Ethereum, so let's discuss it today. Ethereum has been under pressure for a long time, and contract positions are about to hit new highs. But what about the price? It collapses halfway back to the previous high. Is this a healthy market? Forget it! This is a typical illusion created by contract gamblers, and the risk is huge.

If there isn't a sudden surge in the spot market, the contract market will eventually crash. To see Ethereum rise, it still needs substantial capital to come in, not just a few words from KOLs.

What's worse is that even the Ethereum community isn't united. ICO veterans, those trapped at 2021 highs, and ancient whales are all secretly dumping, and no one wants to accompany anyone to ten thousand dollars. The result? Every time it rallies, it gets shot down, making it extremely difficult to break new highs. This is hardly a consensus.

In the end, if we really want Ethereum to break 5,000 or even reach 10,000, everyone must act crazy and believe it can take off for there to be a chance. Right now? Most people will run away once they hit 3K in spot, so unless there’s a significant change in fundamentals, it’s better not to dream; it’s still too early!

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 110,000

First Resistance Level: 109,000

Support Level Reference:

Second Support Level: 106,800

First Support Level: 105,000

Today's Advice:

Yesterday's closing price broke below the lower boundary of the rising channel but held the support line, and is currently forming a short-term rebound. Since the market still has upward expectations and no signs of a peak, it is recommended to observe the adjustment first and then enter short positions during the pullback.

Although the coin price has fallen below the lower edge of the channel, the 120-day moving average and the support line form a double support, so the rebound idea can still be maintained. Consider 106.5K as a key support. If it breaks, then look for better entry opportunities around 105K.

If the coin price returns above the first resistance of 109K, it will re-enter the rising channel and continue to look bullish, with the potential to test 110K again. The second resistance also corresponds to a short-term double top; if it successfully breaks through, it can continue to look bullish.

The low point area of 106.5–106.8K from early yesterday morning is a key short-term support. If it breaks again, be cautious of stop-loss orders triggering an N-shaped decline. If the first support breaks, consider 105K as a range for gradual buying.

5.29 Master’s Wave Strategy:

Long Entry Reference: Gradual buys in the 105,000-106,800 range, Target: 109,000-110,000

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, tomorrow they summarize short positions, making it seem like they "catch the tops and bottoms 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!

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 and community live broadcasts are now available!

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