Master Discusses Hot Topics:

First, let's talk about the recent rebound of Bitcoin from midnight to 9 AM. To be honest, it doesn't seem like the bulls suddenly became aggressive; rather, it feels like the bears jumped into their own trap. The funding rate not only didn't drop but slightly turned positive, indicating that there aren't many new shorts willing to go all in.

In the past few days, every small rebound in Bitcoin has slightly exceeded the previous high, and whenever the bears chase the shorts, they get slapped in the face. The main players rely on this indecisive rhythm to gradually push floating short positions to the edge. However, this structure is also quite frustrating.

Looking at 103k, which used to be considered a support zone, liquidity has now been fully replenished, turning it into a complete bull liquidity stronghold. In simple terms, as soon as the price drops, there are plenty of bulls waiting to catch the falling knife. With ample volume, it’s enough for the main players to clear out a wave.

Disregarding the morning's drop, a short-term rebound could still push up to 106.8k, and with favorable news, it might reach 108k at most, but don't be too optimistic.

There are a bunch of liquidity gaps above, any of which could act as a ceiling. Once the price is blocked by these levels, it will be the bulls getting cleared out.

So, my personal expectation is for a small rebound first, followed by a pullback to confirm the lower edge. Then, it will likely move sideways, allowing the bears to add positions, making it easier for the main players to pull up.

But if it accidentally breaks to a new low? That would be like throwing a match into a barrel of oil, directly triggering a bull liquidation. The target could drop to 100k, or even pierce through 101k to create a long lower shadow.

By the way, this week, important information will come out late at night. Especially in the early hours of Thursday and Friday, it’s easy to see a spike. So don’t play dead before sleeping; manage your positions.

After all, how can the market allow so many novices and retail investors to make money easily? The significance of volatility is to gradually take away those seemingly simple and easy profits. Always remember: what you think is the bottom may just be a pit dug by others.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 107800

First Resistance Level: 106400

Support Level Reference:

Second Support Level: 104800

First Support Level: 103400

Today's Suggestions:

Bitcoin is still running along the 200-day moving average on the 4-hour chart, and after failing to stabilize above 106K, it has experienced a certain degree of pullback. Due to the previous appearance of a large bullish candle, a rebound strategy can still be maintained in the short term.

Currently, the 106K level has formed strong resistance, and the price is retesting this level in an upward trend. The price is still supported by the 20-day moving average, and it is expected to continue rising in the short term. When the price reaches the upper resistance zone, consider taking partial profits in the short term.

The previous low and high range, which is the first support at 104.8K, has been reclaimed, so it can be viewed as an important short-term support. Near this level, the price may undergo a slight pullback.

To maintain a bullish trend, it is best for the price not to return to the second support level of 103.4K. Before approaching the second support level, first pay attention to whether the upward trend line can continue to stabilize the price, and then decide whether to enter or stop loss.

6.3 Master’s Wave Strategy:

Long Entry Reference: Not currently referenced

Short Entry Reference: Short in the range of 106400-107800 in batches. Target: 104800-103400

If you truly 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 filled with performers; today they show screenshots of 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 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 distinguish who is a thinker and who is a dreamer!

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