Master Discusses Hot Topics:

Come on, today it's necessary to first look at a set of data: spot inflow is 175 million, while contracts directly poured in 1.1 billion, with a contract/spot ratio close to 10:1. Still not understanding? It's not that institutions are hoarding; rather, the main force is using contracts to pump the market and clear the liquidity of shorts.

Yesterday's surge and last week's sideways movement perfectly complemented each other. First, they smashed through 105K to clear the longs, then reversed and exploded the shorts, cutting both ways, retail against retail. Don't be fooled by the price still being high; the main force is actually waiting for the next wave of liquidity.

Many people see the surge and get excited, thinking there’s some super positive news, but there isn’t. Currently, if we can’t stabilize above 110.2K in the next couple of days, it’s highly likely we’ll turn back for a correction, so tonight's non-farm payroll is crucial.

If the non-farm data is good, the market won’t fear recession and might even speculate on rate cuts to continue the rally. If the data is too good, there will be concerns about overheating, and rate cuts will be delayed. If the data is too poor, there will be worries about recession, which isn’t good either.

So, just the right neutral data is the best catalyst. Once combined, breaking through 110.2K will be a natural progression, opening the door to a space above 30,000 points.

Returning to the market, from a structural perspective, Bitcoin's current wave from 74.6K has not yet completed its fourth segment. If it stabilizes above 110.2K, it will be the starting point for the next major upward wave. However, if this wave fails, 110.2K will become a trap for longs.

After the pump, it could turn back for a correction, retracing to 108.8K or even 105.1K. It’s particularly important to note that if 105.1K is broken, it will mean a direct leg down, and all longs will exit the market.

Now, regarding the liquidation zone, current liquidity is concentrated below at 103K, while the liquidity of shorts is evenly distributed above. Saying the liquidation zone might be flat is useless; the key is how the relative strength is distributed now. Where the chips are dense, that side is easier to clear, and the main force will act accordingly.

So the current rhythm is to buy on dips, don’t chase highs. If tonight’s non-farm data spikes down to 107.6K, it could be a good opportunity, but if that breaks, don’t hesitate; it’s time to withdraw. Even if the market hasn’t completed its move, you must prioritize your safety.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 119600

First Resistance Level: 109000

Support Level Reference:

Second Support Level: 108500

First Support Level: 107800

After Bitcoin broke through 109K, it has now entered a correction phase but is still operating within an upward channel. If it maintains a range of 108.5K to 109K, it still looks bullish in the short term.

If 109K breaks again and stabilizes, pay attention to the possibility of repeated fluctuations above. During the day, focus on the support around 108.5K and the dynamics of the 20-day moving average. The upward trend line has been marked in three segments, and the current correction is expected to form the fourth segment, which is also a new buying opportunity.

The first resistance level at 109K is an important psychological barrier. If it breaks through and stabilizes, it may quickly test the 110K area. At this time, it’s necessary to combine external news and changes in trading volume for a comprehensive judgment.

The second resistance level at 109.6K is yesterday's high. If it successfully breaks through and sets a new high, it is expected to trigger a new round of upward momentum. Given that there was already a significant increase yesterday, the current correction phase can be seen as another entry opportunity.

The first support level at 108.5K is the support level transformed from the previous high, with a short-term risk of being broken. If there is a brief drop but the candlestick closes with a lower shadow holding the support, it can be seen as a technical pullback.

The second support level at 107.8K is the secondary support after the first support is lost, combined with the third segment of the upward trend line, making it a key value-for-money buying area. It can be paired with the dynamics of the 120MA and 200MA for mid to long-term responses.

7.3 Master’s Segment Pre-Positioning:

Long Entry Reference: Buy in the range of 108000-108500, Target: 109000-109600

Short Entry Reference: Short if it breaks below 107800, Target: 105000

If you truly want to learn something from a blogger, you need to keep following them, rather than making rash 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 exaggerated 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!

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, 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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