Hot topics of Master Chat:
After the liquidity improvement continued to boost the market, the commercial banks' reserve size began to turn upward last week and continued to "soar" this week. This wave of operations is like a cup of strong coffee - it refreshes the market.
However, the US Treasury has not yet taken any action, probably because of the "caffeine effect" caused by the sharp decline in the scale of reverse repurchase. Last week, in my article, I also talked about several possibilities for the return of liquidity in the future. Friends who want to "review their lessons" can look through their notes.
Let’s look at the liquidity of the US dollar. The trend this year has been like a roller coaster ride. A while ago, the liquidity was so low that it seemed to have fallen into the basement, even lower than the low point in September last year.
However, the rebound in the past two weeks has made people miss the "autumn wind rises, the market warms up" market in October last year. Will the trend of the fourth quarter of last year be repeated? Let's wait and see, and continue to observe like watching a movie.
Anyway, now the mobility is back, just like the Wi-Fi signal at home is restored. Don't rush to jump, let's drink tea and watch the show to see how this "script" will play out next!
Master looks at the trend:
The net inflow of Bitcoin is like a market, but after hovering at the 69K high yesterday, it is now hiding in the corner to recover. If it continues to jump up and down to retest the upper side, then the selling will be slowly digested by it, so adjustment is also a kind of balance in the market.
During this adjustment period, retail investors are just like grabbing wool, taking advantage of the low point to get a small wool, and low-cost entry is also more attractive. On weekends, volatility may be as lazy as your weekend. Either wait for volatility to fall from the sky, or go to bed.
Resistance level reference:
First resistance level: 68600
Second resistance level: 69100
Since the trend has already run upward like a rabbit on the runway, let's keep watching it rebound. Wait for it to adjust its posture, find a suitable springboard in the pit of the callback, and expect it to jump higher to the upper resistance level.
But in the case of weekends, the resistance level may be squeezed repeatedly. So just like playing new Mahjong, you should stop profit as soon as you reach the profit point.
Support level reference:
First support level: 68200
Second support level: 67600
The current first support is as important as a red light, and we cannot let it break easily. If it holds, we may see it rebound soon.
The EMA20 at the 1-hour level is like a guardrail on the lane, and the maximum support level of 67.6K and the EMA60 moving average are two "insurances". It is still relatively reliable, and we continue to expect a rebound.
Today's trading suggestions:
The chart is like a butt sitting on 68K and it is not moving. When it sits firmly, we can continue to see a small rebound after a small-level pullback. Don't be anxious. We don't have to rush to take large-scale actions. For the sake of safety, it is better to choose a doll with a high winning rate like catching a doll.
10.19-10.20 Master Band Pre-buying Order:
Long entry reference: 67600 light long position, cover position 67200, defense 66900, target 68600-69100
Reference for short entry: 69100 light position short, cover position 69600, defense 70250, target 68200-67600
