Master's Hot Topics:

Today is Friday, and if there are no significant market fluctuations over the weekend, the Master's updates will likely pause. However, let's anticipate the market trends for next week in advance, as no one knows when the market will quietly bring you surprises or challenges.

The first thing to pay attention to is the Federal Reserve's interest rate decision early Thursday morning next week. A 25 basis point rate cut is almost a certainty. Generally, there will be some market fluctuations in the six hours leading up to the meeting, and if the rate cut aligns with expectations, a market rebound is also to be expected.

Therefore, this news will not have a significant negative impact on the market. The operational strategy remains to buy on dips and take appropriate profits during rebounds; making a small profit is definitely feasible.

Next, we need to keep an eye on Japan's monetary policy meeting on December 19. If Japan does not raise interest rates and the expectations for a rate hike in January are not strong, the market may take this opportunity to surge again.

Recent news indicates that Japan's rate hike may be postponed until March next year, which also means that, from a broader cycle perspective, a significant correction may occur between March and May next year.

This major correction roughly refers to a retracement of about 32-38% from the rise between November 5 and March. If we look at it from a weekly chart perspective, the market fluctuations during that period may be more intense.

However, from the current situation, there are no signs of such a deep adjustment. Therefore, the Master personally speculates that there will likely be no deep adjustment risk in the market from December to March. As long as we avoid the short-term impact of a Japanese rate hike, the strategy of buying on dips remains applicable, and there is no need to be overly cautious.

As for Bitcoin, the current key support level is around the 100k mark. If this line holds, the next targets may be 120k to 150k. Even if there are some short-term pullbacks, the Master personally believes that this wave of adjustment will occur after March next year.

The major correction referred to by the Master actually means that Bitcoin's retracement will be an adjustment from the 3-day line to the weekly level, with an expected overall retracement space of about 32%. This is based on support level data, especially for early investors below 94k, who have not shown significant panic selling.

Currently, the mid-term support remains relatively stable, with support levels between 94.5k and 98.5k still solid. Although some funds have flowed to around 100k, these are mainly short-term investors, so their presence is not enough to break the 95k support without significant negative news.

Master's Trend Analysis:

Resistance Levels Reference:

First Resistance Level: 105000

Second Resistance Level: 101500

Support Levels Reference:

First Support Level: 99000

Second Support Level: 98000

Today's Suggestions:

From the trend after breaking through 100K, the price continues to encounter resistance above 100K and has shown a decline. Therefore, the current focus is on verifying the upward momentum rather than expecting a new high. It is a more prudent strategy to operate after confirming the upward momentum.

In today's trading, the price fell due to the failure to retest yesterday's high. Therefore, in the short term, we can observe whether the rebound is effective in conjunction with trading volume and flexibly adjust positions. Currently, the price continues to test the highs, and since it is not far from the new high, be cautious of profit-taking selling pressure, and absolutely do not chase high prices in an upward trend!

12.13 Master's Wave Trading Setup:

Long Entry Reference:98950-98850 range, light position long. If it falls back to around 98000-97450, go long directly. Target: 100500-101400

Short Entry Reference: Not applicable for now

This article is exclusively planned and published by Master Chen (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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