Master Discusses Hot Topics:

Let's first talk about last night's non-farm payrolls. The data released directly doused the fantasy of the Federal Reserve easing. The absurdly strong data made the market wake up instantly, and the idea of monetary easing should not be mentioned in the short term.

On the other hand, the beautiful big bill is basically set in stone, and this wave of good news has been mostly priced in. In simple terms, the short-term performance has been played out, and if you want to continue pushing upwards, you must have new and eye-catching topics to keep Bitcoin stable above 110K.

Returning to the market, technically it looks okay; the daily channel is still steadily rising, and the spot premium is also healthy. This indicates that the market structure has not collapsed and is still on track, and the pressure channel has already moved up to between 114K and 121K.

In other words, as long as it can break above 111K, there is at least another 10,000 points of upward space. This is not just a small game; it’s aiming for significant gains. But you must break through; merely oscillating below is useless. If it can't break 111K, it's all nonsense.

Speaking of this, I must mention that many people probably forgot how Bitcoin was pulled up from 74K three months ago. At that time, Trump gave all the countries affected by tariffs a 90-day buffer period, and now there are only 5 days left. It will end on July 9.

If Trump cannot negotiate a tariff agreement below 10% with these countries within these 5 days, the logic supporting Bitcoin's recent rise will be hollowed out, and the valuation from the rise from 74K may shrink directly. By then, don’t even think about pushing the price up; just being able to avoid a crash would be a good thing.

To conclude, logically speaking, the market will be conservative before July 9, and it is unlikely to surge wildly. Additionally, there is another CPI data to be released in mid-July. If a 10% tariff can push inflation up a bit, then switching to 15% or 20% could drive the market crazy. This is a reality that needs to be accepted; the data aspect is a hard injury that the market cannot bypass.

Looking at it now, the optimistic view sees 114K to 121K, and once the market takes off, it could be at least a 10,000-dollar gain. The pessimistic view sees a pullback to 101K to 103K.

But regardless of whether it rises or falls in the short term, the long-term bullish trend is still there, and the structure is intact. The key is how the funds move in the next few days; the current 111K is a hurdle. If funds come in and hold steady without anyone fleeing, then we can look for new highs.

However, if the funds run away, it will all be in vain. There are indeed many bulls in the market who are mutually flattering, but there are also quite a few bears outside.

One more thing, the U.S. stock market closed early last night around 1 AM. Today is the U.S. DULI day, and the market will also enter a holiday mode. For the next three days, liquidity will likely be very poor, and the market will hardly move.

Moreover, the futures market has already been cleared in both directions, and everything has been cleaned out. Under this background, those who are stuck in positions should not expect a big market over the weekend. It is highly likely to be a boring and sluggish dead market unless some big news drops; otherwise, it will just be a waste of time and emotions.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 111000

First Resistance Level: 110000

Support Level Reference:

Second Support Level: 108700

First Support Level: 107800

Bitcoin is currently consolidating around 109K after a pullback to 110K, and it is still operating within an upward trend line, forming a consolidation in the 109K to 110K range.

The RSI indicator shows potential signs of bullish divergence, so it also needs to confirm that the bullish divergence is valid. The price needs to hold the current low, and the RSI needs to rebound to form support.

The first resistance at 110K is a strong psychological barrier. If it wants to effectively break through this level, the current consolidation below is very critical. The range of 108.7K to 109K is seen as a key accumulation area in the short term. If the price raises the low and breaks through 110K again, it will trigger a rapid rise in the short term.

The first support at 108.7K is a pullback confirmation level after breaking the previous high. If it can hold, the expectation for a short-term rebound remains. The second support at 107.8K is an important structural support, overlapping with multiple moving averages, and is also a low-buying area.

7.4 Master’s Wave Strategy:

Long Entry Reference: Accumulate in batches in the 107800-108700 range, Target: 110000

Short Entry Reference: Not currently applicable

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 exaggerated 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!

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). Master Chen is the same name across the internet. 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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