Master Discusses Hot Topics:

Bitcoin has really been "energized" lately! With the U.S. elections approaching, it surprisingly surged over 5%, racing up to 66K, only to take a high dive for a retracement. It sounds a bit like a campaign race, but this time it's the election of the crypto world.

Why the rise, you ask? The U.S. elections are definitely a factor, but to be honest, what really got everyone excited was China's "stimulus package." However, upon opening this package, well… it seems a bit empty! The contents aren't strong enough!

As a result, market participants are a bit disappointed, and funds are quickly flowing out, rushing into the embrace of cryptocurrencies, thinking, "Bitcoin, let's go!"

The current trend resembles the Bitcoin market before the elections in 2016 and 2020. If history teachers haven't taught us wrong, we might witness a new historical high!

But let's not get too excited; after all, charts don't just go straight up. There will be pauses and adjustments along the way. So, we need to be smart, keep an eye on support and resistance, and take it easy!

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 66400

Second Resistance Level: 66500

If the first resistance level is broken, it could really gain momentum. The chances of testing historical highs would increase! The upward space would open up, and we could really look forward to it.

Currently, the K-line is honestly staying within the selling range of the previous high, which is a key resistance line. We need to pay attention to it and see if it will gradually be broken.

Support Levels Reference:

First Support Level: 65400

Second Support Level: 64500

If the first support holds, it means the market is taking a breather and getting ready to set off again! We can expect a "return of the king" type of rebound here.

However, if the first support breaks, the retracement at 66K might take a while. At that point, we need to closely monitor the overbought area to see if the market continues to "get high."

Today's Trading Suggestions:

Bitcoin has now entered the "overly excited" overbought area, so it might be time to cool down a bit, adjust, and then charge forward. For those with capital, it's advisable to wait for a pullback before entering at lower prices, steadily.

However, I must remind everyone that buying pressure is quite strong right now, and the overbought condition may persist. Therefore, finding a suitable pullback point is key to winning! Keep an eye on lower time frames to see if the lows are gradually rising, and then consider taking action, but remember not to be too hasty!

10.15 Master’s Short-term Pre-set Orders:

Long Entry Reference: Buy in batches in the 64100-64500 range, with a stop loss of 500 points, target 65400-66100.

Short Entry Reference: Sell in batches in the 66500-66900 range, with a stop loss of 500 points, target 66100-65400.

This article is exclusively planned and published by Master Chen (WeChat: Coin God Master Chen). For more real-time investment strategies, solutions, spot contract trading techniques, operational skills, and knowledge about K-lines, 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 and altcoin technical indicator analysis, and spot medium to long-term price prediction videos.

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