Master Discusses Hot Topics:
Continuing from yesterday, when Nvidia's earnings report came out, the surface data looked quite good, but the sequential growth rate of the data center slowed down, and the market immediately began to speculate whether we have reached the peak of growth.
Now let's talk about the strong stocks. Compared to the days last week when they would drop at any moment, this week's performance has been relatively easy, with the S&P and Nasdaq almost recovering all the losses from Monday.
Don't be fooled by the chatter about interest rate cuts and economic recession; the real money being poured into the market shows a much more stable sentiment than last week. Bitcoin is also slowly recovering alongside US stocks, making it impossible not to correlate.
As for whether it can touch the previous highs again, it ultimately depends on Friday's core PCE. If this is timed correctly, the market will have a significant breathing opportunity.
Regarding US sentiment, I've also been paying attention to the premium and discount of Coinbase. Last week it was at a discount, but now it's slightly at a premium. Although the extent is as small as a mosquito's leg, at least the direction isn't that bad.
In the short term, a rebound at this position for Bitcoin is completely reasonable, especially after it crossed the average holding cost line of retail investors. This is the logic of the market. However, compared to Ethereum, the gap immediately becomes apparent. Ethereum's recent surge is clearly stronger, and funds are more inclined to speculate on it.
Looking back, although US sentiment hasn't recovered, it is indeed at a low level, which is conducive to a rebound. Let's not forget that there are still plenty of major bearish signals. On-chain profits and losses don't match, and on-chain selling pressure is overwhelming, all flashing in front of us.
To put it simply, I no longer believe that the current rise is a trend reversal; it can only be called a rebound. The rebound strength is indeed a bit soft, lacking sufficient stimulus, and the market still needs to grind for a few more days.
This cycle is interesting; retail investors are becoming increasingly savvy. Those still flipping in Bitcoin are basically seasoned players, adept at bottom-fishing and top-selling.
Looking at the data over the past 30 days, mid-tier players holding 1-10 coins have increased their holdings by 7,425 Bitcoins, while retail investors holding less than 1 coin have surprisingly added 19,556 coins. Everyone is shouting that the bear market is here, but their actions tell a different story—singing bearish while secretly increasing their positions. It's a classic case of "don't want it, but it's really good."
Moreover, as long as Bitcoin can't break above 112K, all altcoins will be collateral damage; a weak Bitcoin can never lead to a strong altcoin. The market is always right; the information you know and your perceived feelings are all already reflected in the price.
Looking at it now, Bitcoin seems to be stabilizing around the EMA 100-day line. The trend may replicate last year's long-term oscillation, horizontally digesting profit-taking. Last night's big bullish candle has appeared, but the selling pressure is too great, and it was pushed back down.
The area around 111K is also a key support level; if it can't hold, it will directly open up to the range of 109.5K to 110.2K, and a drop would be a stampede.
If it can hold above 110.9K, then the short-term rebound logic can still be maintained, so don't rush to run. Looking at the pressure, 111.9K is the first hurdle; every time it hits this level, the market has to test whether it really has the guts to push higher.
If it can break through 112.5K with volume, then there will be short-term upward space, and a rapid surge isn't impossible. The problem is whether there is volume! A rise without volume is just a false move, so don't be misled.
The current trend is essentially a breakout from the range of 111K to 112.5K; until a direction is established, play it safe with short-term trades. Take profits when you can, and don't be greedy.
8.28 Master’s Wave Strategy:
Long Entry Reference: Accumulate in the range of 110200-110900, Target: 111900-112500
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 making hasty 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 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 content 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!
Warm reminder: This article is only written by Master Chen on the official public account (as shown above). Any other advertisements at the end of the article and in the comments section are unrelated to the author! Please be cautious in distinguishing between true and false, and thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
