Master Discusses Hot Topics:

I initially thought the weekend would be peaceful, but I woke up to find that geopolitical conflicts have escalated again. The global market is playing dead, and the US stock market is closed. It’s still the crypto circle that operates 24/7, and now it’s directly cushioning global sentiment.

The key point is that during the weekend, when liquidity is at its weakest, any news can cause wild fluctuations. On a normal working day, there wouldn’t be such a strong reaction. Now that panic has set in, Bitcoin has to bear the brunt, and even the Federal Reserve is too lazy to pay attention to oil prices.

However, this recent drop seems a bit excessive. Oil prices have risen, but old Powell has already stated that such a spike in oil prices due to geopolitical conflicts will soon revert, and the Federal Reserve doesn’t take it seriously at all.

Speaking of the market, last night it hit the expected point of 98K that I mentioned in my June 13 article, and then it bounced back up. That dip to the 92K-93K gap needs a stronger negative catalyst to fill.

On the Ethereum side, 2110 is a key level I mentioned before that has been validated multiple times. The halt last night is reasonable, nothing much to say. But if you think that last night’s dip is a golden buying opportunity, I advise you to stay calm. That’s just a consolidation, don’t be foolishly optimistic.

Currently, the drop below 99K and then recovering is considered an extreme action in a bull market correction. If it can’t hold this level, then the bears will start to celebrate. But to be honest, it’s not yet time to turn bearish immediately.

The key will depend on how the US stock market opens tonight. Remember last weekend’s geopolitical panic, which resulted in Wall Street directly reversing and crushing the shorts on Monday. This week might follow the same pattern, first beating down the shorts, then trapping the longs at high positions.

Let’s talk a bit about the technicals. The lower edge of the 4-hour chart is at 101.2K, and it just attempted to bounce back. I won’t make predictions, just observing the actions. If it stabilizes above 102K later, congratulations, it’s a false breakdown and a shakeout action, and the range remains valid; go long if you should.

But if it can’t reclaim that level and stays long-term near the lower edge of the range, then it’s time to set up short positions. The 4-hour channel is still flat; I personally lean towards a sideways movement. If a bearish trend is to start, it will need to be extended over time.

Master Looks at Trends:

Resistance Levels Reference:

Second Resistance Level: 103000

First Resistance Level: 101600

Support Levels Reference:

Second Support Level: 100300

First Support Level: 99300

A long bullish candle has appeared at the current price. If it can continuously raise the low points within the range of 100.3K–101.6K in the short term, it is expected to maintain a short-term upward trend.

Before reaching 105K, the resistance below needs to gradually form. Pay attention to whether the support below is solid and whether the low points are continuously rising, then consider the possibility of a breakout above. Although it has reclaimed 100K, it is still in a downward trend, and the resistance area above should be appropriately taken for profit.

If it can hold the 100K-100.3K range, the short-term rebound expectation can continue. It has now returned above 100K, and short-term rebounds can still be arranged, but be aware that the overall price is still in a downward channel.

Since it has returned above 100K, short-term trading can be done with a quick in-and-out strategy. If it does not drop below 100K during the pullback, especially if it stabilizes around 99.8K–100K, the rebound view can be maintained.

6.23 Master’s Wave Strategy:

Long Entry Reference: Buy in batches in the range of 99300-100300, Target: 101600-103000

Short Entry Reference: Sell in batches in the range of 102400-103000, Target: 101600-100300

If you truly want to learn something from a blogger, you need to keep following them, rather than making hasty conclusions after just a few market observations. This market is filled with performers; today they screenshot long positions, 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 discern who is a thinker and who is a dreamer!

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