Master Chen 10.19: Is liquidity back? Don't jump around yet, it doesn't count as hitting the bottom until we reach negative one floor.

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4 hours ago

Master Discusses Hot Topics:

Following the improvement in liquidity that has continued to energize the market, the scale of reserves at commercial banks has started to rise since last week and continues to soar this week. This wave of operations is like a strong cup of coffee—revitalizing the market.

However, the U.S. Treasury has yet to exert its influence, likely due to the significant decrease in reverse repurchase agreements leading to a "caffeine effect." Last week, in the master's article, various possibilities for the future return of liquidity were discussed; those wanting to "review" can check their notes.

Now, looking at U.S. dollar liquidity, the trend this year has been like a roller coaster ride. Recently, liquidity dropped to basement levels, even lower than the low point in September last year.

However, the rebound in the past two weeks has reminded people of last October's "autumn breeze, warm market" trend. Will we see a repeat of last year's fourth-quarter performance? Let's wait and see, as we continue to observe like watching a movie.

In short, liquidity has returned, just like the Wi-Fi signal at home has been restored. There's no need to rush; let's sip tea and watch the show, and see how this "script" unfolds next!

Master Looks at Trends:

Bitcoin's net inflow is like a bustling market, but after hovering around the 69K high yesterday, it is now hiding in a corner to recover. If it continues to bounce around and retest the upper levels, the selling pressure will gradually be absorbed, so adjustments are also a form of market balance.

During this adjustment period, retail investors are like those looking to take advantage of low prices, seizing the opportunity to enter at a low cost. Over the weekend, volatility may be as lazy as your weekend—either waiting for volatility to drop from the sky or just going to wash up and sleep.

Resistance Levels Reference:

First Resistance Level: 68600

Second Resistance Level: 69100

Since the trend has already taken off like a rabbit on the runway, let's keep an eye on its rebound. Once it adjusts its position, we can look for a suitable springboard in the pullback pit, hoping it will jump higher to the upper resistance levels.

However, during the weekend, the resistance levels may be repeatedly tested. So, like playing a new style of Mahjong, when it reaches a profitable point, be quick to take profits.

Support Levels Reference:

First Support Level: 68200

Second Support Level: 67600

Currently, the first support level is as crucial as a red light; it must not be easily broken. If it holds, we might soon see it rebound.

The EMA20 on the hourly chart acts like a guardrail on the road, with the maximum support levels at 67.6K and the EMA60 moving average serving as "insurance." It seems relatively reliable, so let's continue to expect a rebound.

Today's Trading Suggestions:

The chart is currently sitting firmly at 68K. While it remains stable, we can continue to look for a small rebound after a minor pullback; there's no need to rush. We don't have to act on a large scale; to be safe, it's better to choose a high-probability "doll" to grab, just like in a claw machine.

10.19-10.20 Master’s Segment Pre-Orders:

Long Entry Reference: 67600 light long, add position at 67200, stop loss at 66900, target 68600-69100

Short Entry Reference: 69100 light short, add position at 69600, stop loss at 70250, target 68200-67600

This content 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!

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

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