Master Discusses Hot Topics:

Last night's CPI data didn't have much impact; the market just pretended to react, resulting in a surge in both the US stock market and our crypto circle. Especially Bitcoin, where the trading volume of the primary spot ETF soared.

However, the trading volume in the spot market remains stagnant, indicating that the real players are still those traditional funds. There’s not much happening this week, and the market is waiting for next week's retail data and the interest rate meeting.

Whether the outcome will be successful depends on whether the "Chuanzi" camp can sway the old lights of the Federal Reserve. If they can catch up, the Chuanzi camp will gain another vote, and the market has already started to place bets.

Right now, to put it bluntly, it's a standoff between Chuanzi and the conservative faction of the Federal Reserve. The market has already priced in three rate cuts in 2025, totaling 75 basis points. The September dot plot is crucial; if they hint at another 50 basis points, Chuanzi's chances will shoot up.

Back to the market, Bitcoin's current ceiling is at 116K. In the short term, having reached this level, it’s likely to experience some fluctuations within the range of 113K to 117K. The key is whether 113K can hold; if it doesn't break, there’s still strength to push up to 116.8K.

This morning it surged to 116.4K, definitely giving the bulls a boost. Since Bitcoin held the critical level of 113.5K on the 9th, it has transformed, becoming as tough as steel. When the CPI was released, it dipped back to 113.5K but quickly recovered—this is a signal, right?

Next, we’ll see if the pressure at 116.8K to 117.2K can be broken; if it does, there’s still hope. Before the Federal Reserve speaks, this trend can be considered healthy. I believe it can at least touch 120K; otherwise, it would be a shame for all this pent-up energy. If there are indeed rate cuts later, Bitcoin should have no problem reaching a new high, but I’m more optimistic about Ethereum hitting a new high.

Ethereum's performance over the past few months has been exhausting, with constant fluctuations since its peak in August, making people doubt their sanity. But in reality? It’s almost at the right level; I mentioned before that 4200 was low enough, and the trend has formed a rounded bottom.

It has now broken out of the bottom consolidation area, with the first target being the short-seller defense level at 4600. If it breaks through, we’ll be looking at the 4900 to 5000 range. The trend clearly indicates a bottoming rebound, surging to 4538 this morning.

A few key points are clear: the absence of market sell-offs indicates it’s not yet time to be hunted. The pending orders aren’t weak enough to collapse, so those looking to short don’t have much advantage.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 116300

First Resistance Level: 115800

Support Levels Reference:

First Support Level: 114700

Second Support Level: 114000

Due to the rapid short-term rise, the first pullback level to watch is around 114.7K, which is a critical range. As long as this point holds, the rebound logic can be maintained.

The daily chart currently shows a long upper shadow, indicating market hesitation; we need to closely monitor where the decline can stop. If 114.7K cannot hold, and the 20MA also breaks down, it could lead to a significant issue, and a deeper adjustment may be needed. Don’t stubbornly push against it; first, learn to observe.

The first resistance at 115.8K is the new high point reached last night; if it can’t break through, it’s likely to reverse and retest. If the lower levels can hold, then it’s considered healthy. The second resistance at 116.3K is the pressure level from the previous high; if 115.8K breaks, there’s a chance for a short-term surge to this level.

The first support at 114.7K is the previous high that was broken yesterday, now becoming a key support. As long as it can stabilize in the 114.7–115K range, the upward structure remains healthy.

The second support at 114K is purely psychological; if this level cannot hold, along with a weakening 20MA, it could likely evolve into an N-shaped decline.

Today's operational thought is very clear; we are near a short-term high. The daily chart shows a long upper shadow, and a rapid rise must lead to a pullback. Don’t rush into areas without trading volume; first, observe how the price reacts, and wait for a reliable low entry opportunity before entering the market.

9.12 Master’s Band Trading Setup:

Long Entry Reference: Accumulate in the 114000-114700 range, Target: 115800-116300

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 their long positions, tomorrow they summarize their shorts, 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!

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