Master Discusses Hot Topics:

Continuing from yesterday's discussion about Chuanzi, now the focus is directly on Old Powell. Bessent took the lead, stating that the Federal Reserve's non-monetary policy needs to be reviewed, which is quite clear: Old Powell, you have something to hide. Congress is also not backing down, submitting to the Justice Department that Old Powell's testimonies are inconsistent and must be investigated!

But ultimately, Chuanzi doesn't really want to replace Old Powell; he is just pressuring him to lower interest rates quickly, preferably giving a clear answer at the interest rate meeting at the end of July.

Currently, the market generally expects a rate cut in September, but Chuanzi doesn't want to wait; he wants it now, immediately. So before the July 30 interest rate meeting, Old Powell is bound to face a heavy blow, with various media and people targeting him, making it hard for him to breathe under public pressure.

However, this is just a strategy; once the July meeting is over, they will basically back off. Unless they want to give Old Powell a harder hit with a more aggressive rate cut.

As for the recent drop in Bitcoin, attributing it to Old Powell being sued is somewhat far-fetched. This incident happened over the weekend and is only now fermenting. If Old Powell were really in trouble, the dollar's credibility would collapse first, and assets like gold and Bitcoin would have already soared.

Look at the current situation: gold isn't rising, and Bitcoin is dropping. Does that really follow the logic of targeting Powell? Come on, the current drop in Bitcoin seems more like a normal daily-level correction within expectations. I mentioned last week that there’s no need to panic; the rhythm is quite normal, just a bit faster than anticipated.

Returning to the market, the current trend is sliding and pulling back, neither crashing nor surging. The most comfortable approach is to hang low buy orders and wait. The first support to watch is around 115K near the daily midline, then see if the 113.7K area can hold.

Moreover, this wave of movement shows no panic; it’s sliding slowly and steadily, clearly controlled by someone. The reason I’ve been particularly focused on monitoring volume is that this wave is a policy bull market and an institutional bull market, a kind of violent trend that ignores technicals.

Technical divergence? It can continue to diverge. Multiple tops? Useless. As long as the policy supports it and institutions are willing to push, nothing is a problem. We retail investors can’t fight; we can only follow whichever side moves.

As for Ethereum, it’s still holding back a big move, while altcoins are mostly relying on luck. U.S. stock garbage companies can still hype AI narratives, but those altcoins in the crypto market, even copying white papers, what can they rely on to rise? Unless someone ignites the fire, otherwise, it’s really hopeless.

Speaking of igniting, SOL has been very strong lately. Many fans have asked me to talk about it, so here I go. Since breaking through yesterday morning, it has been unstoppable. From last night to today, even when Bitcoin and Ethereum dipped, it caught the rotating funds.

After a pullback to the weekly upper track at 195, it broke through 200. It feels like this bull market might really take away Ethereum's ecological position. The key position is 158, historically a starting point for hitting 200.

Once it stabilizes above 180, it will be heading towards 227 and 250. As for its project narrative? To be honest, once it starts rising, there will naturally be great scholars to explain SOL, so this narrative isn’t that important.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 119400

First Resistance Level: 118000

Support Level Reference:

Second Support Level: 116400

First Support Level: 115200

116.4K is the key short-term support level; it must stabilize to maintain rebound expectations. If it fails to break through the upper descending trend line, then any rebound is just a pullback confirmation rather than a reversal, making it easier to fall further.

The previous quick rise's pullback low is around 116.4K; if it breaks down, watch for the market to form an N-shaped decline, opening a new downward channel.

Pay attention to whether there are buying signals with lower shadows at the rising trend line and support area around 116.4K, as this will be a reference for determining whether the decline has stopped.

The first pressure is at 118K; only by stabilizing above this position can it establish a foundation for a trend reversal. After breaking through, confirm stability with a pullback before entering. If it successfully breaks through and stabilizes in the 118K to 118.3K area, it is expected to challenge 119.4K, and short-term traders can gradually take profits at this position.

If it falls below the first support at 116.4K, it will form an N-shaped decline, confirming a short-term downward trend. This position must be defended along with the lower trend line to continue looking for a rebound.

If 116.4K is also lost, it will further open up downward space. However, this level also belongs to the support zone, especially in conjunction with the 120-day moving average, which may present short-term rebound opportunities.

Before breaking through the descending trend line on the 4-hour chart, short-term rebounds may be suppressed at any time. The 116K to 116.4K area serves as a key support zone, making it a reasonable area for gradual low buys in short-term layouts.

7.22 Master’s Wave Strategy:

Long Entry Reference: Gradually buy in the 104000-105200 range, target: 106400-108000

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 performative players; today they screenshot long positions, 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 exaggerated 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 has been opened, along with community live broadcasts and other quality experience projects!

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