Master discusses hot topics:

After reading the minutes of the Federal Reserve's November meeting, Master feels that there weren't many surprises. The possibility of a 25 basis point rate cut in December remains the highest, but this is just a market expectation that has been priced in early.

Speaking of news, Master has to mention that in the past couple of days, as Bitcoin dropped, various "negative news" started flooding in, along with reports of sell-offs and market crashes.

In fact, Master has always wanted to ask, why didn't they start reporting these earlier? This kind of news seems to catch the hot topic only after a drop; emotional news reactions attract more attention than actual market movements. Isn't this just losing face?

As for the current market situation, Master does not recommend opening short positions for the medium to long term. The strongest days for bears have passed, and the current adjustment is nearing its end. The 8-hour and 12-hour rebounds have been completed, and the upcoming trend should not drop too much.

Master has also noticed that many people in the market expect a correction to reach 80K or 76K, but I do not think so. Based on the current trend, the lowest should not be below 88K or 87K.

The daily indicators are still far from the zero axis, making it difficult to determine if there will be a large-scale adjustment in the short term. Especially around 90K, Master believes it will not easily break down, and if the indicators on the 4-hour and below regain strength, it may stifle the potential for a large-scale adjustment and even lead to a rebound.

Therefore, the recent operational strategy remains to buy on dips. If your average price is high, you can consider making a small trade and wait for a correction to find an entry opportunity. As for shorting, it is advisable to be cautious. The rebound strength in a bull market is still quite strong, especially after the MACD on the 8 and 12-hour charts returns to zero, the likelihood of the market moving upwards increases.

So, if there are no strong bearish signals, the short-term strategy can remain to buy on dips. My main principle is: when bulls are strong and bears are weak, focus on buying; when bears are strong, focus on selling. Daily resistance and support levels can serve as references, and everyone should operate flexibly based on the actual market situation, rather than relying on others to tell you whether to buy or sell today.

From the perspective of medium to long-term targets in the spot market, Master expects Bitcoin's medium-term target to be 111600-113600, while Ethereum's target is 4560. Many friends often get confused about medium to long-term during phone consultations with Master. In fact, medium-term refers to a cycle of 7 to 45 days, while long-term is over 90 days.

Currently, Master will not speculate on prices three months from now; I am talking about expectations, not predictions. Because as I mentioned in previous articles, predicting prices is quite a ridiculous thing!

While targets like 130K and 150K may be reached, Master believes they are more of a long-term goal for the current market situation. I am more optimistic that 100K is the mid-term target for Bitcoin in this bull market, and it should be achieved in this round of the bull market. As for the short term, 100K is also a phase high.

Master looks at the trend:

After sufficient short positions are sold, the demand for buying at lower points needs to reappear. Bitcoin can only resume its upward trend, and the possibility of breaking through 100K remains high, but an adjustment phase is inevitable for market balance.

Resistance levels reference:

First resistance level: 93700

Second resistance level: 94900

Support levels reference:

First support level: 92400

Second support level: 91100

Today's suggestion:

The current downward trend line has been broken, but due to the psychological resistance at 93K, Bitcoin is currently oscillating. If it maintains oscillation within a certain range, it may retest 93K.

If the trend breaks and the low point rises, an N-shaped upward movement is expected. In the ultra-short term, the first support line can be set as short-term support, serving as an entry opportunity. If the current low point does not break, it can prevent further declines and maintain rebound expectations.

11.27 Master’s wave strategy:

Long entry reference: 90900 light position long. If it retraces to 90255, directly increase the position long. If the entity breaks below 90000, do not hesitate to exit. If the market strongly spikes to 88200-87800, then you can go long again! Target: 92400-93700

Short entry reference: Not applicable

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