Master Discusses Hot Topics:

Yesterday, the master called several fan friends to discuss some medium to long-term plans for escaping peaks and bottom fishing in the later stages, and many friends are still very interested.

However, there are also situations where conditions are currently insufficient, as many friends are stuck with the spot and contracts of altcoins, even facing liquidation.

Therefore, it is necessary for the master to talk about altcoins, as many friends are asking me when the altcoin season will return. Below, friends holding altcoins can take a good look.

First of all, the liquidity issue of small coins ultimately boils down to a confidence issue. The recent two upward movements of Bitcoin have not been able to stabilize, causing everyone to be apprehensive. The main players are afraid of making others rich, while retail investors are worried about losing money, leading to a rush to take profits and cut losses.

Just like last October, small coins only soared after Bitcoin broke through. After all, if the big brother hasn't formed a main upward trend, the little brothers naturally dare not act rashly.

Although small coins have fallen for more than half a year now, liquidity is still okay, and it mainly depends on the big brother's mood. However, if there is no new liquidity, the potential for price increases will be compressed, and the market may rotate a circle and then disperse.

Therefore, in the early stages, whether small coins go up or not relies on confidence; in the mid to late stages, it depends on whether they have strength and sufficient liquidity. In short, only when the big brother stabilizes can the little brothers dare to move. Otherwise, it is still a confidence issue. Just like when you were a child, you dared to rush, but you didn't know if the neighbor Wang Ergou had brought money.

Master Looks at Trends:

After yesterday's adjustment, the 4-hour line tightly held onto the 20-day moving average, and today it indeed rebounded! Speaking of which, this trend is simply testing everyone's heart; if you can still hold steady, you may have reached the realm of calmness.

After the chart's high point retested, it still hangs above, just like housing prices unwilling to come down. So as long as we hold the 4-hour 20-day moving average, we continue to maintain the idea of a rebound—even if the recent market is like a roller coaster.

Resistance Level Reference:

First Resistance Level: 68300

Second Resistance Level: 69000

If you see 68300 break through, then the 69K retest will probably be like KFC's Crazy Thursday, with a call delivered immediately.

If the short-term high point of 67.9K holds, we can gradually look upward and observe the resistance retest above. At this time, there's no rush; slowly climb while mentally chanting, "Stay steady, we can win!" Friends who want to enter the market should not rush; consider setting a threshold at the short-term low of 67.4K and wait for it to come back obediently.

Support Level Reference:

First Support Level: 67400

Second Support Level: 66800

The first support at 67400 is a pretty good entry point, especially since today's support line is even higher than yesterday's. If the market gives you an opportunity, don't miss it.

Currently, we can set 67400 as the short-term support, and we will hold the 4-hour line 20-day moving average. Don't lose the important support; continue to maintain the mindset that "a rebound is possible." In short, the market vehicle can still keep going; don't rush to jump off.

Today's Trading Suggestions:

Today, we can maintain a short-term rebound mindset, focusing on the low time frame chart to find opportunities to enter during pullbacks. The buying activity in the market is still quite active; the adjustment may just be a small interlude, at most it will give you a shocking big bearish candle.

10.18 Master’s Short-term Pending Orders:

Long Entry Reference: 66800 light position long, add position at 66300, stop loss 500 points, target 67400-68300

Short Entry Reference: 68300 light position short, add position at 68800, stop loss 500 points, target 67400-66800

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). If you want to learn more about real-time investment strategies, liquidation, spot and contract trading techniques, operational skills, and knowledge about candlesticks, you can add Master Chen for learning and communication, hoping to help 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 of macro analysis articles, mainstream and altcoin technical indicator analysis, and spot medium to long-term price prediction videos.

Warm reminder: This article is only written by Master Chen on the official account (as shown above), and any other advertisements at the end of the article and in the comments are unrelated to the author!! Please be cautious in distinguishing between true and false, thank you for reading.

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