Master Discusses Hot Topics:

After a weekend of fluctuations, the market remains strong this morning. As it stands, the only thing that could really trigger a major correction is a rate hike from Japan. After all, they typically happen every six months, and July is just around the corner.

Looking back at the one-sided rise from October 28 to December 18 last year, it peaked in just over 40 days. This time is similar; a rise of about 50 days could see another surge.

I personally expect a significant correction to likely occur in July, which is the first month of the third quarter. If the market can return to the highs seen before December 19 within a month, it would likely clear out any resistance completely. Who could withstand that?

Currently, most people in the market expect a rise in the third quarter followed by a drop in the fourth quarter. No, I believe the script is exactly the opposite. The second quarter will continue to rise, the third quarter will see a pullback, and the fourth quarter will peak again.

Let’s take a look at the liquidation points: there’s a large area of new liquidity from 105k to 106.3k above, which can be cleared out completely. As long as the price doesn’t drop below 102k, all downward movements are just to absorb the shorts.

If it drops below 102k? Then it’s straight to bottom-fishing at 100800, clearing out that entire liquidity area. Below 100800, there’s no large-scale bullish liquidity? Want to go lower? Unless there’s major bad news, it’s basically a needle-like dip, quickly bouncing back above 102k to continue rising.

Once the liquidation market starts, after wiping out the high-position shorts, can we still expect it to soar above 106.3k? Don’t dream; it will surge and then correct, following the same logic as the liquidation.

Now let’s talk about Ethereum, which has also been on fire these days, making it to the hot search lists on Weibo and Douyin. The recent rise in ETH is likely related to BlackRock's discussions with the SEC regarding ETFs and staking. Of course, this may not be the only reason, but it certainly has some weight.

After the market makers have washed out positions, this is the first wave of showing strength. The next wave is about building consensus; could it be that Bitcoin's main upward wave starts a bull market while Ethereum's main upward wave consolidates?

I’m not quite sure yet, but I’ve mentioned before that for Ethereum to rise, there needs to be a narrative. As long as the price goes up, there will naturally be stories created around it.

The market is currently filled with emotional premiums, and the retail investors are excited: just waiting for the next big surge? I advise you not to dream; right now, I’m focused on a correction, waiting for a pullback of the same magnitude as this rise.

Who’s trapped? It’s those fools who are arguing with me now. After five segments of rising, there must be a correction, and when that happens, you’ll be crying to cut losses while I just laugh at your plunge.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 106000

Second Resistance Level: 104600

Support Levels Reference:

First Support Level: 103300

Second Support Level: 102300

Today's Suggestions:

The first resistance at 104.6K is an area that has been tested multiple times for pullbacks and is a strong short-term resistance. If the price breaks through the first resistance of 104.6K, upward momentum will emerge, and the target can be adjusted to the second resistance of 106K, opening up further upward space.

In the short term, the first support level is set at 103.3K. If the price drops below the ascending trend line 1, a short-term adjustment will occur, targeting the range of 103K to 103.3K.

The current trend is still upward, so keep an eye on the real-time movements of ascending trend lines 1 and 2, and set the range of 102K to 102.3K as an important support area.

During the day, pay attention to the 120 moving average and use ascending trend lines 1 and 2 as phase support. As long as the price holds above the previous low, the bullish trend can continue.

Although there are signs of a gradually lowering price peak in a dome shape on the hourly level, the price is likely to raise the peak through short-term adjustments.

5.12 Master’s Wave Strategy:

Long Entry Reference: Accumulate in the range of 102300-103300, Target: 104600-106000

Short Entry Reference: Not applicable for now

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