Master Discusses Hot Topics:

Today is Saturday, let's take a look back at whether everyone was a bit excited last week? Bitcoin, leading Ethereum and some altcoins, did rise, but everyone is mostly discussing whether we are heading to the moon!

But don't forget, we are still a full 70% away from the historical high of $4870! By the time we reach that day, I estimate that the homegrown "chives" in your pots will have been harvested several times.

Now, let's talk about the predictions in the market, haha, does anyone really believe in this? In the crypto world, K-line analysts make a flurry of operations, but can K-lines actually be used? The answer is quite absurd; you use K-lines to look at the market, while the big players use K-lines to harvest the chives, precisely.

Got it? In this unregulated market, if the big players are in a good mood, they will pump the price; if they are in a bad mood, they will dump it. It could even be because their pet laid eggs, or maybe the big player just woke up and wanted to exercise. Can you predict that?

Now let's talk about the fundamentals. You've heard it a lot; there are "good projects" everywhere in the crypto world, but how many can actually rise? You know the answer! Many people are still immersed in the fantasy that prices will rise in the future, but the reality is that the ups and downs in the crypto world have nothing to do with the fundamentals you imagine.

With a bunch of chives around you, if you want to avoid being cut even worse, you need to increase your awareness and learn more. Don't end up not even understanding how you got cut, and become a pot-level chive.

Yesterday, during a voice call with fans, I shared my viewpoint that many people make analyses based on MACD, RSI, and KDJ, but you should know that this kind of analysis relying on indicators is something everyone can see and learn.

From the perspective of market competition, if everyone can make money, then who is losing? After all, the crypto world does not create wealth; it is merely a process of wealth transfer.

In the end, don't fantasize about shortcuts to getting rich in the crypto world; no one can predict the market here. The ups and downs are just the mood of the big players and their profit motives. Listen less to KOLs rambling on, and watch less of those so-called "market predictions."

Master Looks at Trends:

The Bitcoin trend is not much different from the previous day, currently hovering around 76.3K after a high point retest. In the short term, we can reset the lower trend support line and continue trading following the 20-day moving average.

Due to the ongoing Trump effect, Bitcoin continues to refresh its historical highs. You can pay attention to the psychological resistance level above and look forward to another test of the high point.

Resistance Level Reference:

First Resistance Level: 76600

Second Resistance Level: 77300

Support Level Reference:

First Support Level: 75800

Second Support Level: 75400

Today's Trading Suggestions:

The current goal is to break through the resistance level and stabilize. Once the resistance is broken, it will turn into support, so it is recommended to gradually raise the support level for risk management.

Additionally, you can also pay attention to the trend of the 20-day moving average. Although it may briefly dip below, there is a high probability of forming a lower shadow line, so use 75.8K as an important support level for trading operations.

With Bitcoin continuously refreshing its highs, the view of maintaining a rebound can be upheld, and look for entry opportunities near the marked support levels. Since volatility may be lower on weekends, Master suggests patiently observing before trading, looking for positions with a high risk-reward ratio that can be completed quickly.

11.9 Master’s Band Trading Setup:

Long Entry Reference: Buy in the range of 75400-75800, Target: 76600-77300

Short Entry Reference: Sell in the range of 77600-78000, Target: 76600-75800

This article is exclusively planned and published by Master Chen (WeChat Official 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 K-lines, 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 account (as shown above). Any 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, thank you for reading.

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