Master Discusses Hot Topics:

This wave of market movement has truly left people confused. Are you as bewildered as I am? Just yesterday at noon, I was thinking about shorting, and by evening, I was slapped in the face and caught off guard.

Now, at this position, it feels like being stuck like a stubborn homeowner. The price has surged into the high liquidation zone, which should theoretically trigger a chain reaction of short squeezes, but it hasn’t! It’s just lying there, teasing and annoying you. If you want to short, you’re afraid of a pullback; if you want to go long, you’re worried it might crash down.

During the day, if we could get a decent pullback, like an acceleration starting point around 106K, or a high-level consolidation, then once the good news comes out, a surge to 114K wouldn’t be a big deal. To put it simply, if the market gives that opportunity, it would be a chance to enter for the medium term.

Additionally, I have to mention that the pullback to clear 108K that was promised last night did happen, but it was just a symbolic jab, followed by a direct recovery. There was no chance to catch your breath; it was too sneaky!

Moreover, this wave of increase hasn’t followed the usual route—no consolidation, no continuation, no warming up—just a direct 5% surge, reminiscent of the move from 101K.

The problem is that we’ve already touched the upper boundary of the large range, and it’s hard to say how it will move next. Upward is liquidity enticing longs, while downward is the pressure from trapped positions above. The market is swinging left and right, purely relying on emotions, making it very uncomfortable to trade.

So when you don’t understand what’s happening, the safest approach is to do nothing. Don’t think that sitting idle is wrong; in this market, losing money is the norm, and not losing is a blessing.

Don’t be fooled by the fact that we’re only 2000 points away from the previous high. Bitcoin has never done what you want it to do. That break above the high might just be a touch, like last time at 111980. It’s unrealistic to expect a direct surge to 120K, 130K, or even 150K in the short term unless the U.S. stock market truly breaks new highs; otherwise, Bitcoin will still need to consolidate.

We also need to keep an eye on ETH, as it’s nearing its previous high as well. If BTC and ETH can truly break through together, then the market might have some real momentum. Don’t forget, there’s also the CPI report on Wednesday night, a key indicator for interest rates; what’s meant to come will eventually come.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 111700

First Resistance Level: 110300

Support Levels Reference:

Second Support Level: 108800

First Support Level: 107700

Today's Suggestions:

A large bullish candle appeared today, accompanied by the RSI indicator entering the overbought zone. If the price starts to slowly pull back in the overbought zone and continues to raise the low points as mentioned earlier, maintaining a sideways range, we can expect a new wave of increase.

Today's resistance levels reference the previous high points. If we can steadily break through and hold above 110.3K, then the upper space will open up, and we can pay attention to the situation of testing 111.7K again.

The second resistance is in the area of previous highs. If the price pulls back in this range and raises the low points again while consolidating, once the upward attack is successful, we can continue to hold positions at favorable prices. However, we need to wait for a confirmation of the pullback after the rise and pay attention to the maintenance of the support levels.

The first support is an important short-term defense line. A drop to 108.8K is a normal adjustment and is also a key area for maintaining the short-term rebound. If the second support at 107.7K is not broken, it indicates signs of a raised bottom after the pullback, still presenting a favorable entry opportunity.

6.10 Master’s Wave Strategy:

Long Entry Reference: Accumulate in the 107700-108800 range, Target: 110300-111700

Short Entry Reference: Not applicable for now

If you genuinely want to learn something from a blogger, you need to keep following them, rather than jumping to conclusions after just a few market observations. This market is filled with performers; today they screenshot long positions, and tomorrow they summarize 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 stands up to scrutiny, rather than only showing up 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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