Master discusses hot topics:
The weekend's market has left many people feeling like they are hallucinating, as Bitcoin continues to play dead. The liquidity of short-term contracts is slowly building up, but the problem is that no new clearing zones have emerged; it feels lifeless, are the main players just waiting for us retail investors to fall asleep first?
Let’s get to the conclusion; it’s Monday, how do we see the market now? It’s 50-50 between long and short, don’t argue with yourself. Above is 108K, below is 102K. If the market doesn’t move, I won’t move either, but I can already smell something stirring.
This week may be destined to be boring in order to hold back a big move; it might just come next week or the week after. Who can withstand it, who can endure is the first step. The market wants to exhaust you, tire you, and break you down before rewarding you.
Returning to the market situation, it is like this now. Bitcoin's price is still below the middle track, in a classic range pattern. The spot premium index is turning down, indicating that big money is also slacking off.
As for the medium-term, there are operational points available; if the price continues to linger below the middle track this week. If it suddenly breaks below the bottom of the range, then don't hesitate to short. The target is directly set at 102K or even 100K.
Conversely, if it suddenly goes crazy and rebounds, shooting up to 108K, but the spot premium drops to nearly 0, that's basically a trap to lure in buyers, and you should look for opportunities to short.
But if it retraces and hits around 102K, while the spot premium surges instead, then the lower support is likely still intact, and you can go long for a push back to the middle track. Remember, as long as it's between 100K and 110K, this is not a trend, it's a range, it's consumption!
If you insist on using long-term strategies to try to make quick money, you will only be slapped in the face back and forth. Discussions about looking at 120K or 90K are meaningless now; before the real market appears, it’s not worth talking about direction!
Recently, some people have asked me if it will drop deeply first, like to 70K or 80K, and then shoot up to 150K? If you really believe in this logic based on what the master has said, then I can only advise you not to dream; don’t think you can get rich by drawing a couple of lines to catch the bottom.
The reality is that being stuck in positions, whether long or short, can easily lead to being liquidated; the only thing that may still be done steadily is Bitcoin. But the problem is that Bitcoin's stable growth is not stimulating enough for many retail investors.
Many people complain that it’s slow and want to go for a tenfold or hundredfold quick hit! But what happened? The counterfeit season never came, and they all got caught in a trap.
Master observes the trend:
Resistance level reference:
Second resistance level: 106500
First resistance level: 106000
Support level reference:
Second support level: 105000
First support level: 104400
Bitcoin has found support around 105K; the rebound strategy can still be maintained in the short term. Today, pay attention to whether it can break above 106K; only by breaking through and stabilizing can the upward trend continue. If it fails to stabilize again, it may trigger a wave of disappointing sell-offs, so watch out for pullback risks.
The first support has risen to 105K, which can serve as a watershed for stop-loss or take-profit. The second support is near the two ascending trend lines shown in the chart; if the price breaks the range, you can gradually position yourself to go long.
The first resistance at 106K has already been tested for the third time; if it breaks with a strong volume candlestick, consider going long. If it briefly breaks but lacks volume support, timely reduce positions or take profits, and wait for a pullback to the 106.1–106.2K range to stabilize before making further plans.
6.16 Master’s wave strategy:
Long entry reference: Gradually buy in the range of 104400-105000; target: 106000-106500
Short entry reference: Not currently applicable
If you sincerely want to learn something from a blogger, you need to keep following them, rather than jumping to conclusions after just a few market observations. This market is full of performance-oriented players; today they screenshot long positions, and tomorrow they summarize short positions, making it seem like they 'always catch 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, rather than jumping in when the market moves. Don't be blinded by flashy data and out-of-context screenshots; only through long-term observation and deep understanding can you distinguish who is a thinker and who is a dreamer!
