Master Discusses Hot Topics:

Recently, the price fluctuations of Bitcoin, Ethereum, and altcoins have not only accelerated the heartbeats of retail investors in the market but also exposed the market's irrationality. Flash crashes typically occur between 5-7 AM after the US stock market closes, during times of low liquidity, making leverage liquidation the golden hour for the market.

Do you think you can pick up bargains? It’s probably just a dream; the market never shows mercy, and those who seek cheap deals are ultimately eliminated.

The Master believes that these flash crashes and liquidations actually have positive significance, as deleveraging clears the market's restlessness and lays a more solid foundation for future rises. After all, a healthy market requires a thorough clearing, and this kind of liquidation is a necessary path for rebuilding after a bubble bursts.

For altcoins, yesterday's liquidations may just be part of a bull market, and the future market will be more rational and stable.

That said, the Master still advises against becoming too immersed in altcoin contracts for trading. Every market fluctuation could present an opportunity for account liquidation, especially with short-term spikes that can leave one in tears. The risks of altcoins far exceed expectations, and only a few can truly maintain their composure.

Returning to the market, after a series of liquidations involving Bitcoin and Ethereum over the past few days, I believe many fans have begun to ask whether the current market has peaked. After Bitcoin breaks $100,000, can it continue to rise? From a macro perspective, the answer is not simple.

Short-term price fluctuations are more driven by market sentiment, which is not very sustainable. Just like the appointment of the SEC chairman and Trump's cryptocurrency czar, although they spurred short-term rises, how long can this good news last? Each boost from sentiment is consumable, and the market will soon return to calm.

The $100k mark is indeed a psychological "ceiling" for many retail investors. Many feel that $100,000 is too high and hesitate. Those who want to chase higher prices worry about missing the best opportunity. The market's FOMO effect has clearly weakened, and further price increases require new catalysts.

Events like Microsoft's voting and Amazon shareholders' proposals may become short-term stimulants, but the uncertainty is extremely high. If a state announces it will include Bitcoin in its strategic reserves, it may trigger market fluctuations, but without good news, the market will likely oscillate within the range of $94,500 to $98,500.

The Master believes that the market is still in a consolidation phase, and short-term fluctuations will not change the overall direction. Everyone is now waiting for Trump to fulfill his promises, especially regarding policy changes after the election, which will determine the market's emotional direction. With less than 40 days until the power transition, any variables could bring about new market conditions.

From a risk management perspective, if you feel the current price is close to its peak, taking profits is not a bad idea. If the market corrects, look for opportunities to buy at lower levels; if it continues to rise, then wait for the right moment to enter.

Master Looks at Trends:

Bitcoin fell below an important support line last night but rebounded after a panic sell-off. After such a sell-off, we need to pay attention to which areas the market can hold up and look for support zones. Typically, after a significant drop, the market will form a short-term low.

Resistance Levels Reference:

First Resistance Level: 98,300

Second Resistance Level: 99,300

Support Levels Reference:

First Support Level: 96,900

Second Support Level: 95,800

Today's Suggestions:

If the first resistance level is broken, a significant rebound may not occur; instead, it is more likely to retest the probability of reaching $100K. If it returns to $100K and tests it multiple times, it may digest the selling pressure above, leading to a rebound.

If it continues to struggle to break the $100K resistance, then within the rebound range, be sure to pay attention to profit-taking positions and monitor whether it can successfully break the resistance while observing trading volume.

In today's trading, if a candlestick with a long lower shadow appears, it may indicate that the market is "cleaning out retail investors," so the view of maintaining a rebound still holds. It is currently not advisable to expect a significant drop like before.

If shorting in the short term, if there is a rapid decline, it may be appropriate to take profits. If the market continues to decline, it can be seen as an entry opportunity.

12.10 Master’s Band Trading Recommendations:

Long Entry Reference: Light long positions in the range of 95,800-94,700. Target: 96,900-98,300

Short Entry Reference: Light short positions in the range of 98,300-98,800. Target: 96,900-95,800

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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