Master Discusses Hot Topics:

It’s been three days without an update, and Chuanzi is once again stirring the market with his words. Today, I’ll share my views on the current market situation. The current trading environment can no longer be described as logical; it’s a chaotic mix of emotions, rhetoric, and erratic trading rhythms.

Let’s get straight to the point. The current surge in Bitcoin, starting from 74k, has now reached what can be considered a climax stage. Look at the price range now; the liquidity is extremely thin, making it difficult to go up or down.

So, what’s the next move? First, we’ll see some fluctuations, followed by a converging triangle pattern to shake up everyone’s mindset.

This current price range is actually similar to the range before last Friday’s sharp decline, around 110600. Think about it; this market has gone in circles and returned, doesn’t it remind you of something?

The liquidation data on the contracts side is also interesting. Short positions are clustered, while long positions are distributed quite evenly. Thus, the market is stuck here; there’s no one to push it up or down, and liquidity is dwindling.

However, logically speaking, when the high-position shorts should have been liquidated, Chuanzi’s remarks brought it back down. When it was time to push towards 103k to liquidate the longs, he called it back with just a word. Do you think this market has any logic? Of course not! We can only rely on price reactions to news to gauge market supply and demand.

If bad news can’t push to new lows, it suggests the bottom might be near. If good news can’t push to new highs, it indicates the top might also be approaching. So now we just need to focus on the short liquidity above the previous highs; only when it gets liquidated will it be a true climax; otherwise, it’s just foreplay, you understand?

For this week’s market, it will enter a fluctuating range, moving sideways. Chuanzi keeps stirring up tariff discussions, and the market is reacting back and forth to expectations, which will dull those expectations over time. During such times, it’s easy to form a converging triangle, followed by a decisive move.

So don’t fantasize, don’t over-leverage, don’t go ALL IN. Identify a potential fluctuating range and just do some short-term trading. Either the shorts will be left in despair, or the longs will be pushed to the sky; in any case, the real top isn’t far off.

By the way, regarding altcoins, don’t be fooled by ETH’s recent surge towards 3000; have you seen altcoins rise? No! Why? Because the market makers are also scared. The current market liquidity is too tight, interest rate cuts haven’t come, and with the looming risks in U.S. bonds in June, plus Chuanzi’s erratic tariff maneuvers, who dares to confidently push the market?

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 110300

First Resistance Level: 109600

Support Levels Reference:

Second Support Level: 108900

First Support Level: 108300

Today's Suggestions:

Currently, Bitcoin is in a high-level pullback confirmation phase. If the price can continue to fluctuate at a high level, there is still an expectation for further short-term increases.

The price is currently fluctuating within the range of 108.9K to 109.6K. If it maintains this range, the probability of a rebound is quite high. Attention should also be paid to the support of the 120-day moving average.

At present, the probability of breaking through the first resistance at 109600 is high, with a potential push towards the 110K level. If it can continue to hold the support of the 120-day moving average, there is a chance to further test 110K, or even stabilize above 110300. However, it’s important to note that 110.3K is a local pressure level formed after the previous high point retracement.

The first support at 108.9K coincides with the 120-day moving average, which is crucial for whether the current short-term trend can be maintained. If this support is broken, the short-term trend may weaken.

If both 108.9K and the 120-day moving average are lost, the area between 108K and 108.3K will be an important observation zone, and it is also a favorable risk-reward ratio range. It is recommended to make judgments in conjunction with the overall trend of the 200-day moving average.

Overall, Bitcoin has held above the 200-day moving average and has broken through the upper edge of the converging wedge, maintaining an overall rebound pattern. Try to avoid shorting; if there’s a pullback opportunity, consider positioning for longs at lower levels.

5.26 Master’s Band Trading Plan:

Long Entry Reference: Accumulate in batches within the range of 108000-108900. Target: 110300-111300

Short Entry Reference: Not currently considered

If you genuinely 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, tomorrow they summarize short positions, making it seem like they “always catch the tops and bottoms,” 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 flashy 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). 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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