Master Discusses Hot Topics:

Bitcoin has once again silenced the market, as if the lights on stage have gone out, and the audience holds its breath in anticipation. The silence of both bulls and bears at this moment seems like a moment of mourning for this market feast.

As for the bulls who have held onto their coins all the way, they are either "suffering" through a long period of volatility before exiting, strategically liquidating before the uncertain elections, or "taking profits" after a surge following Trump's unexpected victory. In any case, they have all been left behind, with only silence and regret remaining.

As for the bears, they have become synonymous with tragedy, shorting again and again, only to be liquidated repeatedly; they explode and then short again, fighting on despite repeated defeats, vowing not to give up. Even with just a little margin left, they stubbornly short again, betting on the moment when "good news is fully priced in."

And the result? Another wave of ruthless surges, leading to instant liquidations, ultimately losing everything, leaving only a fragile heart that silently bleeds. Watching Bitcoin race ahead, the bears have nothing to say, their sorrow only deepening in silence.

As the market has always said: "As long as the bears do not die, the surges will not stop." The Master recalls the end of 2020, when the bears were incredibly stubborn, shorting repeatedly and still not giving up after being liquidated time and again.

Thus, Bitcoin surged forward, eventually breaking through the $50,000 mark, leaving a mess behind. Now, Bitcoin has reached $80,000; has the bull market begun? Perhaps it has, but the market's heat, user activity, and the influx of new investors seem not to have fully emerged yet.

Looking back at the market from the end of last year to the first quarter of this year, it was as stable as an old man drinking porridge. With spot trading involved, everyone felt at ease. However, the Master checked Coinbase, and the premium was astonishing, clearly indicating that futures were leading the market.

The trend of futures rising is like a bulldozer, and when it falls, it can be an avalanche. So, I remind everyone to protect profits, set stop losses, and retreat while fighting. Don't try to short at the top using minute or hourly levels; that will only reduce you to a liquidity provider for the market.

Remember not to short at the top! Even if you are bearish, don't easily short unless a clear bearish trend has emerged. Many people "believe it when they see it"; a piece of good news can cause Bitcoin to rise sharply after an eight-month adjustment, surging to over $80,000 in just four days.

This is the charm of the market, wild like gold mining in the West. You ask what we are doing? Holding on to wealth! Is $80K+ the top? Maybe not yet. But if the market FOMO's for a few more days, with emotions peaking alongside this Wednesday's favorable CPI, there might be a violent sell-off, harvesting the retail investors who chased the highs.

Returning to the market, Bitcoin has shown the possibility of daily divergence in recent days; although there is an expectation of a decline, it may not happen immediately. The demand for rebounds in small coins is still present, and risks are expected to gradually emerge this week.

The Master's target remains optimistic at $84K, but as mentioned earlier, when violent harvesting occurs, $52K is not a dream; it's just a matter of time. Additionally, Ethereum may fall below $2,720 again, but whether it can challenge $3,600 remains uncertain.

The Master's previous view of a new daily low for Ethereum is still valid; after reaching a new low, it may rebound to $3,600, but there is still a possibility of new lows afterward. Due to the expected daily divergence in Bitcoin and the gradual influx of off-market funds, vigilance is required this week.

Master Looks at Trends:

Bitcoin continues to set new highs, and since it is at a new high position, it is difficult to grasp the upper high points, making it very important to identify psychological resistance zones. At this time, it is not advisable to short; rather, entering long positions in the pullback zone is more favorable.

Resistance Levels Reference:

First Resistance Level: 81,400

Second Resistance Level: 82,000

Support Levels Reference:

First Support Level: 80,600

Second Support Level: 79,900

Today's Trading Suggestions:

When the price breaks through the first resistance, you can move the low point up, as the resistance will turn into support after the breakout. It is recommended to raise the low point and set a risk-reward ratio range.

The favorable exit position during the current adjustment can be set at the first support. If Bitcoin holds above $81K, you can enter positions in phases.

Since it is at a high level, it is not advisable to enter when the K-line is bullish; it is better to enter during the bearish adjustment zone, buying in batches to increase holdings during pullbacks, forming a more favorable average purchase price.

Today's suggestion is to maintain a rebound view under strong buying conditions and pay attention to entering during the pullback zone. Bitcoin continues to raise its low points, indicating a healthy upward trend. Given the unknown high points, it is recommended to take partial profits in the psychological resistance zone and gradually accumulate gains.

11.11 Master’s Wave Strategy:

Long Entry Reference: Pullback in the 80,000-80,600 range, Target: 81,400-82,000

Short Entry Reference: Not applicable

This article is exclusively planned and published by Master Chen (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 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!

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