Master Discusses Hot Topics:

Recently, there hasn't been much new activity in the market; the main theme during this period has been tariffs and the constant criticism of Old Bao. Bao Bao is basically standing at the forefront every day, and Chuanzi has no intention of backing down. It is expected that there will be more developments before the interest rate meeting at the end of the month.

However, for this week, there are no new issues from Old Bao, which means a potential market risk has been eliminated, allowing for a bit of breathing room. But don't expect a big trend; with the current state of the market lacking clear positive or negative signals, it is likely to continue in a range-bound fluctuation.

The U.S. stock market is similar; the Q2 earnings season has arrived, and institutions are trying to avoid pitfalls, fearing they might step on a landmine and blow up their positions. Therefore, it is generally a cautious wait-and-see period until the earnings reports come out batch by batch, and the short-term direction is still undecided.

Returning to the market, Bitcoin's daily chart is still in a range-bound fluctuation pattern, with a core position at 119.5k. In simple terms, if it breaks above 121k and then pulls back to stabilize at 119.5k, there will be a chance to push for a new high of 125k, and if it goes up, one can consider shorting at high levels.

If 119.5k cannot hold, then we will wait to seize liquidity below, first looking at 115.5k, and then at the daily level bullish order zone around 110k. In simple terms, it won't feel comfortable without a dip; a wave of liquidation is needed before going up.

Ethereum is also grinding at a high level; if it can break 3828, then 4000 will be basically stable. The support below is around 3600, with a pullback to 3636-3616 being a low-buy zone.

Currently, don't chase highs or kill dips randomly between 3850-3600; this phase is just about tricking people. Short positions can be taken, but it's not friendly for new investors; it's better to stick to low longs.

Now, let's talk about what stage the market is in. I see it still hesitating in the rising phase. To translate, the bears have failed to reach the top and are starting to slack off, mainly observing.

Those who missed the boat are waiting for a pullback while fearing to miss out; they don't dare to chase and can't hold on, creating a state of anxiety in the market. This is a typical second phase, so we are still far from true madness.

On a more realistic note, some micro-strategy companies' operations recently are blatantly cutting leeks. The boss holds coins himself, then sets up a listed company, exchanges coins for stocks, claiming successful fundraising.

The coins are his, the company is his, the stocks are his, and U.S. stock investors are the last ones to take the bait. This trick is similar to ETF applications; as long as the application is submitted, the market can take advantage of it. Whether it gets approved or not is not important; what matters is being able to pump the price.

So, in my opinion, I only pay attention to the big three like BlackRock for ETFs; don't trust the others, they are all just riding the hype. This wave of market activity may last until mid-August, and major coins like Bitcoin, Ethereum, and SOL will continue to rotate and trade. Don't get too excited chasing highs, and don't just wait for the chosen low point.

Master Looks at Trends:

Resistance Level Reference:

Second Resistance Level: 120300

First Resistance Level: 119400

Support Level Reference:

Second Support Level: 118400

First Support Level: 117700

The 20-day and 60-day moving averages mentioned in yesterday's analysis are still key short-term supports. If the 20-day moving average breaks above the 60-day moving average to form a golden cross, it is expected to initiate the next wave of upward movement.

However, if the 20-day moving average turns downward, it indicates that short-term adjustments may intensify. The range of 118K to 118.4K is currently an important support zone; as long as this range holds, there is still a chance for a rebound.

The first resistance at 119.4K is where the recent high is located, and multiple attempts have failed to effectively stay above it. If there is another failure to break through, it may continue to adjust in the short term.

The second resistance at 120.3K is a psychological pressure point; even if the price breaks above 120K, it is not advisable to chase immediately. One should observe whether it can stabilize around 120 to 120.3K, such as whether there is a lower shadow line after a pullback, which is key to judging strength.

The first support at 118.4K is currently the first line of short-term support, also close to the 20-day and 60-day moving averages. A short-term drop below this is possible, but the focus should be on whether there is a lower shadow line and whether it quickly rebounds. The range of 118K to 118.4K can be considered the first buying attention zone.

The second support at 117.7K is a position that must be held for a rebound; if 117.7K is also lost, one should be cautious of the risk of accelerated short-term declines. If a rapid drop occurs, one can pay attention to panic buying opportunities near 117K, which may actually be a good bottom-fishing point.

7.23 Master’s Band Trading Setup:

Long Entry Reference: Buy in batches in the range of 117700-118400, Target: 119400-120300

Short Entry Reference: Sell in batches in the range of 119400-120300, Target: 118400-117700

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, and tomorrow they summarize short positions, making it seem like they "always catch the top and bottom," 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!

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