Master Discusses Hot Topics:

Tonight, there isn't much data worth paying attention to. Everyone knows that the market's focus is on the interest rate meeting early Thursday morning. Other data can take a back seat; don't expect them to have any impact on the Federal Reserve's decision.

Old Powell and his team have long figured out how to handle things; they won't waver because of one or two small numbers. The key points are three: the rate cut magnitude, the 2025 dot plot, and the 2026 dot plot.

As for Trump, he will definitely continue to confront the Federal Reserve. But the American central bank talks about independence; this play will ultimately be a hard clash between the market and power, and we will see how the market performs once the results are in.

Back to the market, Bitcoin's pullback last night was reasonable, not outrageous. It has been moving within a descending channel, which can be seen as a healthy correction in the short term. The spot premium hasn't dropped much, indicating that the main players haven't let go.

Overall, this week still looks for a continuation of the rebound, but the key point remains on the night of the FOMC meeting. If the trend is ignited, a small trend reversal may occur. If next week directly breaks to a lower low, then the structure will be completely damaged, and I will consider turning bearish.

I also see many people worrying about a peak; I want to say there's no need for that. Although a weekly divergence has appeared, the pattern is quite rigid, and it usually takes 5 to 7 time cycles to be digested.

The divergence has been counted since September 1, which means that the real dangerous window is from mid to late October. In simple terms, until Bitcoin touches 130K, there's no peak to worry about; no need to panic.

But on the other hand, if the market is going to drop, I actually think it's a good thing. Because the rate cut bull market has just begun, the chips in the hands of the main players won't be easily thrown away.

What they want now is to wash people's hearts, create some small fear, and shake off the floating chips, keeping the drop within a limited range. Don't forget, once the Federal Reserve starts a rate cut cycle, it's like opening the floodgates; it won't stop, and any reversal is nonsense.

So the current drop has nothing to do with real risk. What's there to fear about a drop? A drop is just an opportunity to pick up chips. The key support is at 113K; as long as it doesn't break, let them make a fuss.

Last year, when the rate cuts happened, some people shouted to sell; what happened? The drop wasn't deep enough to scare off the real bulls. So don't panic, manage your positions, and keep buying if you should. Those who truly understand the trend shouldn't hesitate; just act!

I didn't talk about Ethereum yesterday, so today I'll mention it. This pullback in Ethereum is simply textbook; it just happened to land right below 4470 at that old support-resistance switch, perfectly precise.

It's normal for it to hold here; the larger structure indicates that while there is a rebound, it hasn't made a new high, which means the previous bullish trend has hit the pause button. If it can hold around 4240, the trend will shift to consolidation. If it breaks, then the real bull market is over.

Now many people are starting to turn bearish on Ethereum, saying there's a triple top on the 4-hour chart. But I have one thing to say: don't look bearish unless it breaks 4200. The market hasn't given a right-side signal; jumping to conclusions early is just looking for trouble. Those who truly understand technicals know that this position should be observed, not prematurely locked into a direction.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 118300

First Resistance Level: 116600

Support Level Reference:

First Support Level: 114300

Second Support Level: 113000

In the short term, Bitcoin is just stalling, neither dropping nor rising, waiting for Thursday morning's interest rate decision. After the rebound, it has formed a short-term descending channel, looking like it's building an ascending flag, just waiting for a breakout.

For this ascending flag to hold, the key is to maintain support at 114.3K and then break the upper line of the descending channel to be considered a true breakout. If the flag is indeed established, according to the rules, it can at least pull up a flagpole length, about a 5% increase, which must be accompanied by increased trading volume to be reliable.

However, it hasn't been confirmed yet, so we need to see if it can break the upper line of the channel. 114.3K is today's key support, with short-term pressure looking at the 20-day moving average on the 4-hour chart. Before the interest rate decision comes out, the market will likely continue to range-bound, so watch for up and down spikes.

The first pressure point is 116.6K, where the previous high is very strong; we need to see the strength of the breakout. The second pressure point is 118.3K; if the flag really forms and the volume follows, then pushing here isn't exaggerated, but it must hold up until the interest rate meeting without falling apart.

The first support at 114.3K is crucial today; if it returns to 115K, it shouldn't drop again. 114.5~7K is the short-term support zone. The second support at 113K; if 114~114.3K is broken, then it will be a sign of deterioration, and the downside space will open up. But as long as it doesn't lose 114K, the rebound logic remains intact.

9.16 Master’s Wave Strategy:

Long Entry Reference: Buy in batches in the 114000-114300 range. Target: (4-hour 20-day moving average) 115600-116600

Short Entry Reference: Not currently applicable

If you truly want to learn something from a blogger, you need to keep following them, not just look at a few market movements and jump to conclusions. This market is filled with performers; today they screenshot long positions, tomorrow they summarize short positions, making it seem like they "catch every top and bottom," but in reality, it's all hindsight. A truly worthy blogger will have a trading logic that is consistent, coherent, and withstands scrutiny, not just jumping in when the market moves. Don't be blinded by flashy data and out-of-context screenshots; long-term observation and deep understanding are needed 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). If you want to know more about 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 has been opened, along with community live broadcasts and other quality experience projects!

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