Master's Discussion on Hot Topics:

Recently, the market has staged a drama of "Bitcoin leading the way, altcoins trailing behind." Fans are lamenting: Is the altcoin market going to cool down? Don't rush, let's hear some humble opinions from the Master.

It must be said that the current market focus is entirely on Bitcoin. Funds are flocking to Bitcoin like a market day, with a clear goal: to surge and establish a new level! But what happens after the surge?

According to historical patterns, Bitcoin always needs to take a breather, and at this time, it is highly likely to consolidate sideways. You ask what will happen to the altcoins afterward? Don't panic, the rain will come to nourish all, it's just that the timing isn't right yet.

Why is there such polarization now? The root cause lies in the volume of market funds. The last interest rate cut brought an influx of funds that has already hit a ceiling; the market's energy can only push Bitcoin higher, unable to take care of the altcoins.

To break this situation, we need to see the Federal Reserve cut interest rates and inject more liquidity! The so-called timely rain is likely to come this Thursday. At that time, the market will be fueled again, and the altcoins will naturally benefit.

Speaking of altcoins, the Master believes some are already planning to liquidate and run. But does that mean all altcoins are doomed? The Master doesn't think so. In the past few bull markets, Bitcoin has always surged first, consolidated, and then the altcoins catch up.

Currently, while altcoins are experiencing a pullback, it doesn't mean a total rout. It's just that certain categories, like MEME coins and inscriptions, are indeed not suitable for taking chances at the moment. Large funds have already shifted to mainstream assets; everyone should avoid chasing highs in non-mainstream assets, or they will truly become fodder.

Now, let's talk about Ethereum, which fans ask about the most. In this bull market, Bitcoin has already broken through the previous bull market's high of 69K, reaching 107K, while Ethereum is still hovering around 4100, far from the previous bull market's high of 4800. Is this reasonable?

In the bull market cycle, Ethereum's current state is indeed not balanced enough. However, don't forget that Grayscale's selling pressure is gradually being absorbed by new funds, especially with giants like BlackRock entering the market, injecting strong buying power. This is a signal for Ethereum to warm up; a breakout is just a matter of time.

This Week's Focus: Data + Meetings, Buy on Dips
Tonight, there will be sales data for November, tomorrow night the third quarter current account data, and the day after tomorrow early morning, the Federal Reserve's interest rate meeting, along with the ultimate package of GDP and PCE. The market fluctuations after these data releases are all good opportunities to go long; everyone should keep an eye on the lows, take profits in time, and the highs will keep getting higher.

Master's Trend Analysis:

Currently, the market is operating within the ascending channel marked by the Master yesterday, having rebounded after holding the lower ascending trend line. When operating near the trend line, it is necessary to pay attention to the fluctuations of the K-line's lower shadow, and it is recommended to leave a ±200~300 point buffer space.

After the rebound, if the box range is reset and yesterday's first resistance level is converted to a support level, then if it consolidates within the 105.5~106.7K box range, the probability of a bottoming rebound will increase.

Resistance Levels Reference:

First Resistance Level: 106700

Second Resistance Level: 108000

Support Levels Reference:

First Support Level: 105500

Second Support Level: 104500

Today's Suggestions:

If the price breaks through the first resistance level, it will form an N-shaped upward structure, increasing the probability of a retracement to 108~110K, and a short-term adjustment may occur at the 110K level.

Currently, it is retesting new highs, and we need to be wary of sudden profit-taking sell-offs. The first support level can be viewed as an important short-term support; even if it breaks, there is still support forming below. Therefore, in the ultra-short term, one can look for entry opportunities near the ascending trend line + 104.5K.

12.17 Master's Wave Strategy:

Long Entry Reference: Light long positions in the 104500-105500 range. If it retraces to the 103300-103800 range, go long directly. Target: 106700-108000.

Short Entry Reference: Not applicable for now.

This article is exclusively planned and published by Master Chen (public account: Coin God Master Chen). For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and K-line knowledge, 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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