Master Discusses Hot Topics:

Once the 100,000 mark was broken, the bull market indeed arrived as expected! Watching the US stock market, particularly the Nasdaq and S&P 500, continuously refresh historical highs, the market atmosphere is truly exciting. This morning, Bitcoin also broke through 100,000, setting a new high once again; we are witnessing history!

Friends who have been following Master’s articles for the long term are mostly clear about this; this wave of increase completely aligns with Master’s expectations, and the next target range is obvious. 110,000 to 120,000 should be a high probability trend (mid-term 110,850-123,600), and Ethereum is not to be outdone, with a target of 4,880 expected to be reached this month or next!

Looking back, Master clearly stated in an article on December 2 that after the Federal Reserve's report was released, the market would enter a one-sided upward trend. It was also made clear that as long as Bitcoin retraced to around 93,800, it would be a mid-term buying opportunity. On the evening of December 3, Bitcoin's lowest point was just above 93,600, and it has not dropped lower since.

On the evening of December 3, after Bitcoin dipped to around 93,600, it began to rise slowly, completely confirming Master’s view. To say that today’s mid-term buying layout has already gained over 10,000 points feels more comfortable than anything else; this steady profit is a solid confidence booster.

Additionally, I would like to address some questions from fans: regarding altcoin projects, we need to approach them calmly. Many friends in the market are currently frantically chasing altcoin projects, but to be honest, Master really does not recommend touching them. In the early stages of a bull market, altcoins often rise first, and then funds will quickly flow back to Bitcoin.

At this time, Bitcoin will continue to dance alone, rather than following the rhythm of “Bitcoin rises, Ethereum rises, and then altcoins come back for another wave” as seen during small bull and bear cycles. Therefore, the risk of altcoins is still relatively high in the current market environment; don’t be fooled by their temporary popularity; there is still a gap between them and Bitcoin and Ethereum.

Ultimately, focusing on Bitcoin and Ethereum, the two “real bulls,” is the most prudent approach. Being overly greedy with altcoin operations puts you at a high risk of becoming a victim during market corrections.

Now, let’s talk about those short-sellers, especially those who always focus on Bitcoin’s decline; I truly feel anxious for them. The overall trend is still bullish, yet short-sellers keep thinking the market will drop to 70,000 or 80,000, only to watch themselves miss out.

A few days ago, during the sharp drop, those short-sellers might have thought they found an opportunity, but have you seen Bitcoin today? It has already broken through 100,000, while the short-sellers are still bearish.

Sometimes, I really don’t understand why so many people focus on declines during a bull market; adjustments are only temporary. Why not go with the trend and ride this wave of increase? Either they don’t understand, or they have ulterior motives!

Having experienced so many market fluctuations, Master has come to understand one principle: when large-cap assets start to rise, small-cap assets may pull back for a while, but from last month to March next year, this period is the golden time for wealth effect in the entire bull market.

In the upcoming major trend, the entire market will shift from “Bitcoin dancing alone” to “the Bitcoin circle dancing wildly.” Retail friends, we must seize every opportunity during corrections to ensure we are securely on board and not getting off halfway.

Also, don’t flaunt those seemingly sophisticated technical indicators; don’t let emotions sway you. Focus on the trend; otherwise, in the end, you won’t even know how you played yourself out!

Master Looks at Trends:

Resistance Level Reference:

First Resistance Level: 103,300

Second Resistance Level: 104,700

Support Level Reference:

First Support Level: 101,500

Second Support Level: 100,000

Today's Suggestions:

Bitcoin breaking through the 100,000 resistance has shattered psychological barriers, leading to further market buying. Currently, we are in an upward space, and a high point selling pressure has not yet formed.

At this point, it is crucial to pay attention to whether there will be a rebound after a slight adjustment or a rebound after further adjustment. Mastering this point is very important. Since we have broken through historical highs, it is not advisable to chase after the rise; instead, one should wait to enter after a pullback.

After breaking the 100,000 resistance, the 100,000 mark will become an important support level. If the 102K to 103K area can stabilize in the short term, then consider entering for a very short-term long position.

Based on the support provided by Master in the chart, short-term trading can be conducted according to the upward line. If a pullback is expected, then focus on the support line below for layout.

The current market has seen a rapid rebound and has entered the overbought zone, while also forming a downward divergence. At high points, Master does not recommend directly going short but rather to be aware that the overbought zone may continue to form. When divergence appears, please maintain an adjusted viewpoint for operations.

12.5 Master’s Wave Strategy:

Long Entry Reference: Directly long in the 98,888-98,250 range. Target: 101,500-104,700 (do not trade if not within this range).

Short Entry Reference: Not applicable.

This article 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!

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