Master Discusses Hot Topics:
Just last Friday, after Bitcoin fell below 100K again, the entire weekend was a performance on the same stage. When Chuanzi said he wanted to distribute money, the Republicans immediately pretended to care about people's livelihoods and wanted to end the shutdown.
The Federal Reserve jumped in again, saying that interest rate cuts would proceed as expected, and the chairman of commodities even wanted to push for crypto spot leverage. Think about it, isn't it obvious that just as the market was pushed underwater, they started frantically trying to save it? Just say it's great or not.
But here comes the problem. If the shutdown really ends this time, it won't just be talk; it will be a real return of liquidity. The pile of money in the Treasury General Account (TGA) can start flooding the market, and if this wave of funds is released, it will hit you harder than those scary inflation expectations in the market.
The entire market was tight before because the Americans were stuck, money couldn't be distributed, and liquidity was drained. Now that the floodgates are about to open, it's like a resurrection potion.
What's even harsher is that the tax cuts and subsidies for U.S. tech, manufacturing, and infrastructure from the July Inflation Reduction Act were stuck due to the shutdown. October is the beginning of the new fiscal year, which was originally a rhythm to distribute money to stimulate the economy.
You just had to let the shutdown drag on, and now if it resumes, those policies will land, and the U.S. stock market will go crazy first. Don't ask; just know that Wall Street has a lot of money but small hearts.
Back to the market, it's more direct here. Regulatory advancements, innovation exemptions, market structure bills—these processes that were originally stuck at the administrative level can now continue.
Did you think that the Bitcoin surge from last night to this morning was retail investors? Don't be ridiculous; someone definitely knew the shutdown was about to end and placed orders to pull it up. Insider information is always faster than news; this is clearly a head start.
But don't get too excited just because of favorable policies; remember that good news is meant for unloading, not for you to dream of long-term holdings. Bitcoin has already surged once from last night to this morning.
If the market doesn't take over, it will pull back. If funds really think this is a lifeline, then it will break through violently. 100K is still a psychological line, and 115K is a pressure zone; the weekly chart will hover between these levels for a few days.
From a technical perspective, as long as it doesn't break 119.1K, all rebounds are just fleeting moments. 126.2K is another mid-term top; if it doesn't go up, just treat it as a rebound. Don't bet against the trend; the ones who lose in a bet are always us retail investors.
The big whales actually chose to cash out in large amounts on 11/07 after the crash last week. These people are not fools; they are old foxes who know how to pick their spots to unload, and their patience is longer than your life.
Once the market makers exhaust this short-term support, 98K will be touched again. Liquidity is there; who will take the bait? The daily level above 108K is a short point, and below 98K is a low point.
Bitcoin's weekly 50-week moving average holds, so hope is still there, but this relies on market recognition, not just faith. If anyone tells you the bull market hasn't ended and that holding will win, just block them.
On the Ethereum side, I'll keep it simple. There's resistance at 3640; if you see it break through directly, then look at 3880. If it doesn't break, don't fantasize about a big surge.
Master Looks at Trends:
Resistance Level Reference:
Second Resistance Level: 107500
First Resistance Level: 106600
Support Level Reference:
First Support Level: 105500
Second Support Level: 104500
From the 4-hour level, Bitcoin is at a short-term support zone between 105K and 105.5K, which is also the lifeline of this rebound. The current pullback is a normal correction; as long as it doesn't directly break through this range, it's considered a healthy fluctuation.
106.6K is a previous area of concentrated trading, a short-term resistance level, so a slight pullback is normal. Once the price stabilizes after a pullback, there will be an opportunity to retest the resistance area above 107K.
RSI is currently at 66, not far from being overbought in the short term. A too-rapid surge will lead to a small pullback, which is actually an opportunity to enter. In simple terms, the area between 104.5K and 105K is where you should prepare to enter, rather than waiting to chase after it rises.
The first support at 105.5K is the closing low from October 17, and the second support at 104.5K is the long lower shadow reversal point from November 6. As long as the first support holds, the rebound logic remains.
If it drops directly to the second support, the bullish rhythm will slow down, but it won't be over yet. The 60-day moving average is near the second support, so this is the bottom line; if it breaks, it's not a pullback but a weakening.
The first resistance at 106.6K is the lower edge of the previous range, and the second resistance at 107.5K is the suppression area from October 22 to 23. It's normal to touch the resistance level and then fluctuate; what really matters is whether it can stand above and stabilize at 107.5K.
11.10 Master’s Trading Strategy:
Long Entry Reference: Light long in the 103500-104000 range, Target: 105500-106600
Short Entry Reference: Short in the current price range of 106000-106600, Stop Loss at 107100, Target: 105000-104500
If you truly 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 long positions, and 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 stands up to 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!
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