Master Discusses Hot Topics:

Bitcoin is really going crazy right now, not only is the price skyrocketing, but institutional behavior is also becoming increasingly wild. It can almost be said that everyone has determined that Bitcoin is the universal currency of the future.

Yesterday, Tether issued another 1 billion USDT on the Ethereum chain, clearly indicating a large influx of capital. This is one of the main reasons for the surge in Bitcoin prices from last night to this morning.

Watching Bitcoin break through historical highs, the market's greed sentiment has soared, and the fear and greed index remains high at 83. It seems that everyone is betting that Bitcoin can reach 150,000.

In the bear market over the past one to two years, I also mentioned in video analyses that Bitcoin would reach 100,000. At that time, everyone thought this was an unattainable goal, and now it is about to be realized.

If the bulls put in a little more effort, we might even see this target achieved tonight. However, I believe that despite the great opportunity, there is a high probability of a short-term pullback, which may give everyone the illusion that I am about to break through 100,000.

Although the market currently appears bullish, we need to be vigilant. The market has been on the rise for a while, and people's sentiment is becoming increasingly optimistic. Retail investors are starting to become overly greedy, and the risk of a pullback is very high at this time.

History has repeatedly proven that when everyone thinks the market is about to take off, it is the moment of greatest risk. There may be volatility risks in the short term, but in the long run, the market still looks bullish. Bitcoin is expected to reach 150,000, but this process may be very tortuous and will not be smooth sailing.

As for Trump's re-emergence, the current atmosphere increasingly resembles a significant turning point for cryptocurrency. The Trump administration's attitude towards cryptocurrency is likely to become more open, especially under increasing financial pressure. America's debt issues may lead Trump to adopt some "extraordinary measures," and cryptocurrency could be part of that.

With this potential policy change, the market may welcome a new wave of frenzy, but we must also be wary of the arrival of a bear market. If a bear market begins, the consequences could be unimaginable—like a slide without brakes.

So in this crazy market, we need to pay attention not only to price fluctuations but also to potential policy changes and prepare our response plans. If a bear market does occur, there may be more bloody moments. Don't forget, during a bear market, everyone will think cryptocurrency is a bubble, and only when the bear market arrives will they realize what a bubble truly is.

Currently, Bitcoin has risen to nearly 98K, and 100K is also a psychological barrier for Bitcoin. Once broken, market sentiment may explode, especially for altcoins. After Bitcoin breaks its historical high, the market's FOMO sentiment will drive capital inflow, and the opportunity for altcoins to explode will come, but the frenzy for altcoins will not continue when Bitcoin pulls back.

I recall that after Bitcoin broke its historical high in March this year, altcoins truly exploded. Now the market needs to break through these psychological barriers to release liquidity. Therefore, only when Bitcoin breaks 100K will the explosion of altcoins occur.

Yesterday, I also mentioned Ethereum, and regarding the questions everyone has been asking about Ethereum and altcoins, I still firmly believe it will lead the altcoin season, just like Nvidia led the US stock market to new highs. The market will always have liquidity rotation, with funds continuously flowing to seek new opportunities. So don't worry, the explosion of altcoins is just a matter of time.

Master Looks at Trends:

Bitcoin has continuously refreshed its historical highs and is currently showing a one-way upward trend. The resistance above is currently difficult to determine using technical analysis, making it unclear where the high point is. Therefore, the current situation requires attention to the timing of high point formation.

Although the RSI indicator is in the overbought zone, the auxiliary indicators are being ignored by market sentiment. It is still recommended to follow the trend of moving averages and operate in line with the upward trend.

What can be confirmed is that entering the market at the current high point is very dangerous. A better strategy is to wait for a pullback to enter and take profits when a high point formation occurs. Therefore, new positions are not recommended to be entered at the current location.

Resistance Levels Reference:

First Resistance Level: 101950

Second Resistance Level: 98800

Support Levels Reference:

First Support Level: 94800

Second Support Level: 94000

Today's Suggestions:

The current market is showing a one-sided rise, ignoring the technical analysis of declines. Therefore, although a short position strategy is reasonable in the short term, the timing for entry is very dangerous. Whether going long or short, caution is advised. If choosing to short, a short stop-loss must be set and strictly executed.

11.21 Master’s Wave Strategy:

Long Entry Reference: 95450 light long position. If there is a pullback near 94000-94800, go long directly. Target: 96000-98000-98800

Short Entry Reference: Not applicable

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