Master Discusses Hot Topics:

Recently, Chuanzi has been causing quite a stir, so let's talk about him first. The antics are almost dipping into retirement funds; if 401k really opened up to invest in crypto assets, even if just a tenth of that came in, it would be a level of $900 billion. Isn't that just handing out money?

As for Old Bao, he's genuinely having a tough time. If he doesn't cut interest rates, Chuanzi is tearing him apart on social media every day. Even his underlings are getting in on the action, making Old Bao feel trapped. If his mental fortitude were a bit weaker, he would have packed up and run away by now. If all else fails, just raise interest rates and completely cut off Chuanzi's hopes of lowering them.

Back to the market, the spot premium index for Bitcoin has started to rise. What does that mean? In plain terms, it means the bulls are starting to take action, and the bears are coming in too. Prices drop, premiums rise. Many people really can't understand it; they're scared when prices go up and even more scared when they go down.

This wave of Bitcoin has hit resistance at 120K, and the 4-hour chart shows a long upper shadow. Doesn't that still indicate supply pressure above? But the support below isn't weak either; the 117.6K level has been tested twice and held firm, which is also a preparatory move for a bullish trend.

I would love for it to retest 117.6K, providing a perfect entry point. I'm not the type to chase highs; I want high-probability setups, not to gamble. So if it really does come back to the mid-line, I’ll take a medium-term long position; when it comes to profits, I want to be well-fed.

Speaking of which, I recall that one-sided rise in 2023, where I went long from start to finish for 16 weeks. I only got stopped out on the last trade; that market was exhilarating.

This year, many people started shorting at 75K and have been doing so ever since, which is just unreasonable if they aren't losing money. "I have a friend" says he doesn't short, but why does he always end up shorting?

And as for Ethereum, it's even more impressive; the monthly chart shows a 40% increase, and in just half a month, the trading volume has reached half of May's performance. Isn't that strong? What does strong even mean? For those still waiting for altcoin season, are you out of your mind? Right now, the mainstream is making profits while the small fry are being ignored.

Did you think it was the old kind of broad market rally? It's 2025 now; the market has changed. Junk is always junk. There needs to be a narrative for capital to flow, and there needs to be capital for a market to exist. Don't cling to your worthless tokens and end up hanging on a single tree.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 121800

First Resistance Level: 120700

Support Levels Reference:

Second Support Level: 119400

First Support Level: 118800

Bitcoin has broken through the upper boundary after consolidating within a converging triangle, so the rebound strategy can continue for the day. If it stabilizes at 119.4K during the pullback, it indicates a higher low.

118.8K is an important support line, as it overlaps with the 120-day moving average, forming strong support. If the price can hold the short-term upward trend line, the movement can be referenced by the green line.

If it consolidates around 120K, a box range fluctuation will occur, which can be referenced by the red line. When the RSI shows it has entered the overbought zone, consider taking profits in batches.

The first resistance at 120.7K is the upper shadow resistance of the current candlestick; if it can break through again, a test of 122K can be expected. If the low point rises during the current pullback, the probability of a breakout will be higher.

The second resistance at 121.8K is a point where a short-term pullback may occur after the rise, and the pullback may be brief. If it can hold between 120.7K and 121K during the pullback, short-term trading can be considered.

The first support at 119.4K is an important short-term support, which can allow for a temporary drop. The range between 118.8K and 119.4K is an important area of concentrated trading today. The second support at 118.8K is a previous high point that overlaps with the moving average, also an important support level. If it stabilizes, consider going long in batches between 118.5K and 118.8K.

7.18 Master’s Wave Strategy:

Long Entry Reference: Accumulate in the 107500-108800 range, Target: 119400-120700

Short Entry Reference: Not applicable for now

If you genuinely want to learn something from a blogger, you need to keep following them, not just make hasty conclusions after a few market observations. This market is filled with performers; today they screenshot their long positions, tomorrow they summarize their shorts, making it seem like they "always catch the tops and bottoms," but in reality, it's all hindsight. A truly worthy blogger has a trading logic that is consistent, coherent, and stands up to scrutiny, not someone who jumps 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: Coin Master Chen). For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, and knowledge about candlesticks, you can join Master Chen for learning and communication. A free experience group for fans and community live broadcasts are now available!

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