Master's Market Insights:
After three days without updates, the market is once again being influenced by talks. Today, I'll share my view on the current market. At this point, it's no longer about logic, but purely about emotions, rhetoric, and a completely chaotic trading rhythm.
Let's get straight to the point. BTC has been on a journey from 74k and is now entering its climax phase. Look at the current price area - the liquidity above and below is extremely fragmented, making it difficult to move in either direction.
So what's next? First, we'll see oscillation, then form a converging triangle pattern to mess with everyone's psychology.
This current price zone is actually the same area before the big drop on Friday, around 110600. Think about it carefully - doesn't this feel like déjà vu?
The futures liquidation data is interesting too. Shorts are clustered, while longs are more evenly distributed. So the market is stuck - no momentum up or down, with liquidity getting lower and lower.
Theoretically, this wave should have cleared out high-position shorts, and then pushed to 103k to liquidate longs, but talks have prevented both. Do you think this market makes any sense? Of course not! We can only judge market supply and demand by price reactions to news.
Can't push to new lows on negative news? It might mean the bottom is near. Can't reach new highs on positive news? The top might be approaching. We just need to watch the short liquidity above previous highs - only when that gets liquidated will we see the real climax.
This week's market will oscillate within a range, with repeated talks about tariffs causing market expectations to gradually become dull. This is when a converging triangle is most likely to form, followed by a deadly move.
So don't fantasize, don't over-leverage, don't go all in. Just identify a potential oscillation range and do some short-term trading. Either clear out shorts' despair or blow longs to the sky - the real top isn't far away.
About altcoins, ETH might be approaching 3000, but have altcoins risen? No! Why? Because market makers are also afraid. Current market liquidity is too tight, with potential debt issues in June, plus tariff talks - who would dare to pump?
Master's Trend Analysis:
Resistance Levels:
Second Resistance: 110300
First Resistance: 109600
Support Levels:
Second Support: 108900
First Support: 108300
Today's Recommendation:
Bitcoin is currently in a high-position pullback confirmation phase. If prices can continue oscillating at high levels, there's still short-term upside potential.
Current price is fluctuating in the 108.9K~109.6K box, with a high rebound probability if maintained. Pay attention to the 120-day moving average support.
Currently, breaking the first resistance at 109600 is likely, potentially challenging the 110K line. If it maintains the 120-day MA support, it might further explore 110K or even stabilize at 110300. Note that 110.3K is a local pressure point from previous highs.
The first support at 108.9K coinciding with the 120-day MA is crucial for maintaining the short-term trend. Breaking this could weaken the short-term trend.
If both 108.9K and 120-day MA fail, the 108K~108.3K area becomes an important observation zone with a good risk-reward ratio. Combine with the 200-day MA trend for judgment.
Overall, Bitcoin has held the 200-day MA and broken the converging wedge's upper line, maintaining a rebound pattern. Avoid shorting, and consider long positions on pullbacks.
5.26 Master's Wave Trading Setup:
Long Entry Reference: 108000-108900 area, in batches. Target: 110300-111300
Short Entry Reference: Not recommended
If you truly want to learn from a blogger, you must follow consistently, not make conclusions after just a few market views. This market is full of performative players who screenshot long positions today and summarize short positions tomorrow, appearing to "always catch tops and bottoms" but actually just being Monday morning quarterbacks. Truly worth-following bloggers have consistent, self-coherent trading logic that can withstand scrutiny - not just jumping in after market moves. Don't be misled by exaggerated data and out-of-context screenshots. Long-term observation and deep understanding help distinguish thinkers from dreamers!
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