Master Discusses Hot Topics:

Recently, the market is simply surviving on the Fed's interest rate cut expectations, and everyone is relieved during this data vacuum period. The US stock market is only open for half a day tonight, so it's unrealistic to expect any significant moves.

Naturally, Bitcoin is also taking advantage of this vacuum period to push up a bit; don’t overthink it. The logic is quite simple: when it previously surged to new highs, the whales and super whales cashed out like crazy and ran away with their profits.

Then the Americans had the longest shutdown in history, and the interest rate cut expectations were crushed by a single remark from Powell. But what do the whales think? When the price was smashed down, these guys are sharper than anyone else; of course, they scoop up the chips when it’s cheap.

So they started buying again, the sentiment reversed, and the panic eased, with interest rate cut expectations once again seen as a lifeline by the market. Trump is also looking to change personnel, and the new people are likely to be dovish. With this theme in play, it would be a shame if the market didn’t rebound.

And the small whales, seeing the big brothers buying, also jumped in. Isn’t this a good thing? But don’t think the trend will reverse immediately; the market’s wounds won’t heal just because of a few days of rebound; recovery takes time.

Back to the market, Bitcoin's current form is a typical low-volume rebound. Every time it reaches a high, it gets sold off with increased volume, and it even breaks below previous lows, clearly harvesting those who chased the highs.

If this time it doesn’t come back for a second dip directly to around 98K to hit the rebound target, then when it retraces, it’s likely not to return to what you call a healthy correction. Instead, it could directly break below 80K, or even drop to 75K.

But those who are short and trapped shouldn’t panic; the overall trend is still down. The market hasn’t suddenly turned into a philanthropist that will pull the price up just to help you get out. Next Monday is the last day of this month, and volatility will definitely be chaotic, but the pressure to move up will also increase.

Additionally, until it breaks 92K, all support is in the range of 89.2K to 88.8K, and taking a short position here is still reasonable. However, as long as it breaks below 88K, this wave of rebound will come to an end.

Moreover, the bulls have already rebounded for six days and have squeezed into the pressure zone. Now the bulls should slowly take profits and cash out, with the key point being 93.4K.

However, once it breaks through, the structure will reverse, and the bulls can continue to be aggressive. But to be honest, given the current behavior, I’m more inclined to think it won’t push up and will instead pull back to take away the chips.

On the Ethereum side, it is completely watching Bitcoin's movements, with short-term support at 2850, 2749, 2615, and resistance at 3170, 3400. The ideal movement would be to dip below 2850 for a second test, as that would provide enough strength for the rebound.

But based on the current momentum, it will likely first touch 2950. If it doesn’t break, it will continue to push up to the small resistance at 3050, and then the target can be seen at 3240. As I’ve said before, if Bitcoin is going down, Ethereum can’t escape. But if Bitcoin holds strong, Ethereum can leverage its elasticity to push higher.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 93000

First Resistance Level: 91800

Support Level Reference:

First Support Level: 90300

Second Support Level: 89500

Bitcoin is currently around 91K, and sentiment is starting to lean towards a rebound, with 90K being reclaimed. The previous downward trend line has also been forcefully broken, and now the price is confirming near the breakout point.

Now it’s a typical scenario of oscillation within a box after a breakout; to continue pushing up, it must take out the previous high. The high points need to keep rising; otherwise, it’s all just empty.

The previous breakout at 90.3K has turned from resistance to key support, which is the critical point for the current market. Next, we need to see if the price can stabilize above the upward trend line and near the 20MA; if it doesn’t hold above the 20MA, the probability of an increase won’t be high.

The long-term moving averages and the candlesticks are currently a bit apart; the healthiest movement would be for the candlesticks to consolidate while the moving averages catch up, which is the most favorable rhythm for the bulls.

If the first support at 90.3K is broken again, the trend will turn into a downward arc structure, meaning it will start a new round of adjustment. The psychological barrier of 90K can be used as a stop-loss and risk-reward judgment area; if you’re more cautious, you can expect a pullback to around 89K.

The second resistance at 91.8K is a strong short-term resistance, and the position is awkward. It’s also a risk area for a double top; if it touches again, be sure to check the trading volume; if there’s no volume, it’s a false breakout. The RSI is dropping from overbought; waiting for it to digest before challenging 91.8 to 93K will be more prudent.

11.28 Master’s Wave Strategy:

Long Entry Reference: Buy in the range of 89000-89500, Target: 90300-91200 (1-hour MA20)

Short Entry Reference: Sell in the range of 91500-91800, Target: 90300-89500

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 post screenshots of 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!

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