Master Discusses Hot Topics:

This weekend feels a bit like being in a field of melons and under a plum tree, with the election imminent and the market resembling the big players at a mahjong table, flipping cards more frequently. Reports suggest that large whales are quietly offloading, causing many retail investors to start panicking.

Currently, regardless of who ultimately occupies the White House, the market is always ready for a sudden crash. Of course, all of this is just the prelude that the market throws at us; the final outcome will have to wait for the "hand of fate" to reveal. What we can do is protect our own capital, and once the opportunity arises, act decisively!

At present, Bitcoin may not have hit the bottom yet, so everyone should stay alert. A slow decline is not as simple as showing off a big knife in front of Guan Gong; don’t chase highs too eagerly. Technical analysis pales in comparison to news events, like a little radish head facing off against a little Nezha—it's simply not enough to hold the scene.

So, it's crucial to see the big picture clearly! When it comes to spot trading and medium to long-term positions, buying at the lowest point is almost a fantasy. Even if you do find a low-priced opportunity, it doesn't hold much substantial meaning; after all, what you can consume is what belongs to you.

With a communal pot of rice in front of you, how many bowls you can eat depends on yourself. If the market drops sharply, we might have to grit our teeth and buy some bloody chips. Additionally, the fact that most losses occur in a bull market is not just a baseless claim. If you are truly sitting at the bottom, it doesn’t guarantee a rise; in many cases, it just remains stagnant.

How much confidence do you have in your position? If the market stays flat at the bottom, how will you operate? Watching others' coins soar, can you resist that itch? Plus, if you hear a bit of so-called insider information (what you can see is just what the manipulators want you to see), will your heart race?

Only the Americans turn their elections into a soap opera, long and full of twists, fundamentally because the capital "daddies" behind the two parties are in a game of chess. On the surface, elections seem like a party struggle, but in reality, it's about whose policies better suit capital interests, allowing capital to continue controlling the future.

Earlier, Musk made a bold statement: "If Trump comes to power, the US stock market will drop by 10%-30%, and the housing market will be in jeopardy." Speaking of this, I actually have more faith in Harris. Structurally, regardless of who takes office, the Nasdaq is destined to fall below 16212.

If Trump really manages to get in, it means the capital group is "feeling generous" and willing to undergo "rebirth"; otherwise, Harris is stable. Harris's policy plans to impose a 7% tax on domestic companies, which means profits for companies in the Nasdaq and S&P will be directly cut, putting pressure on the US stock market. Don’t you think the connection behind this is quite subtle?

Returning to Bitcoin, if the interest rate meeting on November 6-7 results in a rate cut, it might bring a wave of increase; if not, the market is likely to remain the same. Non-farm payroll data supports a 25 basis point cut, but the election results mixed in will likely trigger a significant market movement in advance.

So, the Bitcoin market has long been clear; regardless of who takes office, the structure won’t change. The manipulators operate solely for their own interests and won’t worry about Trump or Harris. Once the election results are out, market fluctuations may actually be less than expected, with a maximum of a brief spike before returning to the original track. The benefit of the election for manipulators is to create volatility, increase divergence, and continue telling stories.

So, you don’t really think that if Harris is elected, Bitcoin will plummet, do you? And if Trump is elected, can we immediately expect to see $100,000? If it were really that simple, Master would have to quit and surrender half. If the bears criticize other bearish analyses, they can’t criticize me, okay?

Master Looks at Trends:

Bitcoin has broken through the previously analyzed short-term downtrend line, indicating a trend reversal.

With the short-term trend reversing, it is recommended to maintain a short-term rebound perspective. However, since there is still considerable resistance above, it is necessary to gradually observe whether these resistances can be broken.

If Bitcoin returns to the 69.1K-69.8K consolidation zone and consolidates within that area, we can expect a retest of 70K.

Resistance Levels Reference:

First Resistance Level: 69100

Second Resistance Level: 69800

Support Levels Reference:

First Support Level: 68600

Second Support Level: 68000

Today's Trading Suggestions:

Since Bitcoin has broken through the short-term downtrend line, maintain a rebound perspective and trade accordingly. It is currently testing short-term highs, and it is advisable to pay attention to potential pullback opportunities during the high point breakout process.

11.4 Master’s Swing Trading Orders:

Long Entry Reference: 68000-68400 long. If it breaks below yesterday's low of 67400, exit immediately. Target: 69100-69800.

Short Entry Reference: 69800 light short. If it rises to the 70500-70800 range, short directly. Exit if it breaks 71500. Target: 68600-68000.

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). Master Chen is the same name across the internet. 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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