Master Discusses Hot Topics:

Continuing from yesterday's analysis, the unemployment rate and non-farm payroll data will be released on Friday at 20:30. In simple terms, this data is a barometer for whether the Federal Reserve will ease interest rates in September. If the employment data is too good, the expectations for rate cuts will be directly discounted.

The market is confused; if the data is terrible, there are concerns about the economy failing. Even a period of stagflation would be bearish. It sounds like a deadlock, but the key is not the data itself, but how the market interprets it.

Because the market is the one in control; it can rally or crash as it pleases. After the announcement, it will be the weekend, and the U.S. stock market will be closed, so the real market reaction will only be reflected next Monday.

Now, let's talk about Trump. When this old man came out yesterday, the atmosphere changed immediately. No one is calling him "GG" anymore, right? His speech was relatively logical, and his expression management was quite stable. As soon as he opened his mouth, the U.S. stock market started to rebound.

Regardless of whether he is genuinely impressive or just pretending, this time he did a pretty good job of pretending. The most frustrating part is that he has tied himself to the U.S. economy and has dragged a bunch of industries along, especially in the crypto space.

To put it bluntly, Trump is taking the market hostage, and Bitcoin might be the first unfortunate victim. But you have to admit, this tactic is indeed very effective for him.

Back to the market, someone asked me how I view Bitcoin's rebound last night. The logic is quite simple: Bitcoin continuously hit the support zone of the bull market, and retail investors, realizing the weekly MACD death cross, panicked and sold, which instead created space for a market rebound.

In the short term, a few days; in the long term, one or two weeks. There are a lot of trapped positions above, so the rebound height is limited. Once Bitcoin cools down, Ethereum will definitely take the last leg. Just watch for when Ethereum suddenly pulls a big green candle; that will almost signal the end of the rebound.

From the chart, the 112K level has been tested and serves as a support-resistance exchange at the bottom of the range. If it can really push to 113.5K, that will be a critical watershed.

If it breaks through, it indicates that the 107K range has stabilized, the bottom is confirmed, and the bears will have to apologize. If it can't break through? Then it's a B-wave rebound, and it will eventually have to drop again.

Bitcoin has gone down three times between 107K and 108K without triggering a long liquidation; instead, it has started to liquidate shorts, which is typical of spot markets having support. Why? The liquidity of shorts is piling up above, and big funds can't avoid it even if they want to.

Everyone understands the tricks of the futures market; trending markets must rely on liquidations to build momentum. If big funds are playing, they will first create a mysterious rally, directly pushing through 120K, and then slowly decline, ultimately breaking new lows. Or they might just blow up the shorts and continue to surge.

Don't forget, without futures, this market wouldn't even reach this price. Shorts lose money by buying at high positions, while longs lose by cutting losses at low positions; chips are the best fuel for the main players.

So, don't rush these days. If Bitcoin is really going to make a strong breakthrough, it will need to hold on for another day or two, waiting for Friday's non-farm data to provide some strength. If the data is slightly bullish, the short liquidity range will be ignited, and there will be plenty to watch.

The downward space can only come from a violent liquidation spike, but upward, there is a possibility of forming a small trend. Stop asking why Ethereum isn't following the rise; Ethereum has surged too much recently, with many trapped positions, so the main players are just washing the market. The style of Ethereum's main players is to launch later, pretending to be dead, and then deliver a big spike. A few days of dragging is nothing; it will rise sooner or later.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 113900

First Resistance Level: 112000

Support Level Reference:

Second Support Level: 109500-110300

First Support Level: 108100

First, the 109.5K~110.3K range is the first line of defense that must be held. The current market is oscillating between 110.6K~112K. If it can stabilize the rhythm here, the probability of a rebound will significantly increase.

112K is the first major mountain, a place where psychological resistance and key technical resistance overlap. During the day, with low volume, it won't break through quickly; it needs to wait for the U.S. market to come in the evening. As long as 110.6K~111K is not broken, the chances of a breakthrough will increase.

If it really breaks 112K, the next resistance is 113.9K, and it will need to be accompanied by increased volume to pull off a wave; otherwise, it will be a false breakout.

The second support area is still 109.5K to 110.3K; even if it spikes down and breaks, it won't be a big problem. The key is that the 20-period moving average on the 4-hour chart should not be torn apart; holding the 110.5K to 110.6K range will be beneficial for the bulls. The first support is theoretically at 108.1K, but there is no need to think too much about it for now; just focus on the second support range, and we can discuss it if it breaks.

The turning point of the market has just emerged, and the bulls still need to rely on patience. Don't chase highs and kill lows; focus on low-level pullback opportunities; the rebound isn't over yet. But there are many trapped positions above, and once it hits the resistance zone, there will definitely be people selling to break even. At that time, don't be foolishly standing at high positions to buy; keep your wits about you.

The support levels that have been declining previously have now all turned into resistance levels waiting for you to break through. Don't just focus on the illusion of a mindless rebound; the main players can throw chips at any time at the resistance point. What you really need to do is hold the support, pay attention to the volume, and don't be fooled by false breakouts.

9.3 Master’s Band Trading Strategy:

Long Entry Reference: Buy in batches in the 108100-108600 range, Target: 109500-110300

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 long positions, and 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). If you want to learn more about real-time investment strategies, liquidation, spot trading, short, medium, and long-term contract trading techniques, 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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