Master Discusses Hot Topics:

First, let's review last week's data. The non-farm payroll data exceeded expectations, making this week's September inflation data particularly important. The ideal scenario is for inflation to continue to slow down while the economy shows resilience, providing the market with a "win-win" script.

However, if the inflation data significantly exceeds expectations again, it may trigger concerns about an inflation rebound. But I believe the likelihood of meeting expectations is higher. As for October's inflation, a strong housing market, the situation in the Middle East driving up oil prices, and wage growth pressures are unfavorable for inflation.

However, this data will not be released until after the November interest rate meeting and the election, so it is unlikely to affect the pace of the Fed's rate cuts in November. After all, the Fed won't suddenly stop its "dance" to disrupt the market rhythm.

By December, if rate cuts are still on hold, it may depend on the performance of October's inflation. It seems that the Fed's decision at the end of the year will inevitably leave the market eagerly anticipating.

In my personal view, meeting expectations should be highly probable, but the situation in December is truly uncertain. The variables of the election and the East-West power struggle make the outlook murky.

Currently, some overseas funds are already itching to enter the A-share market. But once the election dust settles, the Fed is unlikely to do anything that would "lift the East." The underlying games and operations are indeed worth discussing.

Master Looks at Trends:

Bitcoin soared to 63.2K yesterday, almost like it was on a rocket, but what happened? It obediently returned to the starting point. It's like running a race only to realize you left your phone at the start—time to go back!

Now we need to quickly break through the newly formed high point line; otherwise, it’s like wanting a drink but only being able to watch the advertisement—you can only watch it sway in front of you. The inflow of ETF funds is currently quite strong, but to be honest, buyers aren't that eager; everyone seems to be waiting for a discount.

The price is still hovering above the 200MA, so it seems to treat 62K as its little nest. But if it accidentally falls below 62K… it won't just be a stumble; it will roll into the abyss of a short-term decline!

So friends, keep a close eye on 61.8K~62K to see if it can stabilize; otherwise, it’s as nerve-wracking as watching your favorite character in a movie about to die.

Resistance Levels Reference:

First Resistance Level: 62600

Second Resistance Level: 63300

If 62K and that upward trend line can hold, we have hope for a rebound, and we might even return to 62.6K!

But don’t be too optimistic; let’s see how things unfold first. It feels like waiting for exam results, getting excited before the results are even out…

62.6K is like a hard stone in a stinky toilet, guarded by the 20-day, 60-day, and 120-day moving averages; without some trading volume, don’t even think about getting past. Waiting for volume is as anxious as waiting for takeout, and we still need to see if the highs can come back for another wave.

Support Levels Reference:

First Support Level: 62000

Second Support Level: 61400

If 62K remains strong in the short term, we will continue to stand with the bulls. If it breaks down, that’s fine; we can look for opportunities around 61.4K. Just like in business, if we can’t find the singing teacher we like, we’ll just switch to another batch!

However, hoping for a rebound right now seems a bit precarious, as the current lows are still under threat. If we accidentally miss the boat, our hearts will race! So we must operate cautiously, keep a close watch on the support levels, and don’t let our guard down. Let’s first observe whether it can hold 61.8K~62K before deciding whether to enter the market.

Today's Trading Summary:

Right now, this chart looks like a traffic jam at 62K during rush hour—no major movements, and the trading volume is pitifully low. So let’s not rush in; let’s wait and see for a bit.

Maintain a rebound mindset, but also remember, when uncertain, don’t rush to enter the market. Instead of diving in recklessly, it’s better to wait for a lower price and then find a suitable entry point. We shouldn’t give money to the market for free; we need some strategic vision!

10.9 Master’s Short-term Orders:

Long Entry Reference: Buy in batches in the 61100-61400 range, with a stop loss of 500 points, target 62000-62600 (light position, short if it breaks down)

Short Entry Reference: Sell in batches in the 63300-63600 range, with a stop loss of 500 points, target 62600-62000

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). For more real-time investment strategies, solutions, spot contract trading techniques, operational skills, and knowledge about candlesticks, you can add Master Chen for learning and communication. I hope it helps you find what you want in the crypto world. Focused on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% following the trend; daily updates on macro analysis articles, mainstream coins, and altcoin technical indicators analysis, as well as spot medium to long-term price prediction videos.

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