Master Wang discusses hot topics:
Since everyone is asking for my basis after the significant rise post-pullback, I will explain today why Master Wang expected the pullback to end in the past two days, mainly based on the following points:
Liquidation map analysis: the reduction of long position liquidations in the 92000-91000 range indicates strengthened market support; while large short position liquidations are concentrated in the 97000-94000 range, this may trigger a rebound, especially for the shorts around 97100.
Judgment on support levels: 91600 and 90850 are key support levels near 90000. Even if 90000 breaks, these two points are not easy to sustain below; a strong rebound is expected in the short term. Even if it declines, the most likely rebound range is between 88800 and 92300.
Signal of weakened momentum: the 12-hour downtrend momentum has weakened, indicating that the market is about to enter a rebound phase.
Operational strategy: it is recommended to boldly enter during pullbacks, especially within the support range of 91600-90850. One can initially take a position and then add to it based on the market's rebound situation, to avoid missing opportunities and control risk.
On the second day of the pullback, we observed significant short position liquidations around 97100 through the liquidation map, followed by a rapid market rebound to 97200. This indicates that the market is still under the control of market makers in the short term, with short position liquidations triggering a strong rebound. From this point, we can see that combining the liquidation map with technical indicators can allow for more accurate predictions of market direction.
Master Wang's personal view is that behind market fluctuations, there are often manipulations by market makers; the liquidation map can help us capture reversal signals. For example, many friends told me they expect a pullback to 80000 or 76000, but I judged that was impossible because the liquidation map shows strong support in the higher range.
Master Wang combined key information from the liquidation map in the analysis and proposed the following operational ideas. Firstly, the liquidation map shows that the liquidation amounts for long positions at 94552 and 93871 are 100 million and 128 million respectively, while there is 193 million liquidation for short positions at 97488.
This indicates that support around 95000 is strong; if it breaks, one can look to establish long positions in the area of 94600-93888. Especially in the range of 94600-93888, once a pullback reaches here, there is a high chance of rebound, with rebound targets looking at 96300-97450.
If the market doesn't rise above 97450 next, it will instead test these support zones before rising again. At this point, one can wait for a pullback to this zone before entering. If it breaks above 97450, then long positions can be held, waiting for higher targets.
The liquidation heat map for the week shows that around 100000, 224 million in short positions will be liquidated, indicating that when the price rises to this level, short positions will face significant pressure. If the market breaks above 100000, it is expected to continue rising, possibly with a space of 30,000 to 50,000 points.
Therefore, for short position operations, one should take profit when pulling back to 94600-93888 to avoid being pulled by the market's strong rebound. The focus of short-term operations is on low-long positions, especially each time after breaking support, one should enter promptly in the next support area to ensure not missing rebound opportunities during the pullback.
In the range of 96600 to 97700, we often see repeated market fluctuations; this area acts like a strong correction zone. Prices tend to linger here for a while. Each time it accidentally breaks through, it rushes to the pressure level near 98200.
This is also an important checkpoint during the rally process. If this level is broken, the market will directly shift to the next support point—98800, and then it may attack the 100k mark.
Moreover, tomorrow is the last working day of the month, and generally, the end of the month does not see significant rallies. The market is more likely to experience a pullback, so today's operational advice remains to look for long opportunities during pullbacks.
Master Wang looks at the trend:
From a larger time frame perspective, the current trend can be seen as an appropriate adjustment, and the market is expected to maintain its upward trend. Historically, capital inflow into exchanges usually occurs when selling pressure reaches its peak, which can trigger price rebounds.
Resistance level reference:
First resistance level: 97300
Second resistance level: 98500
Support level reference:
First support level: 95800
Second support level: 94900
Today's advice:
The previous market rise was quite rapid, so attention must be paid to corresponding adjustments. If the price declines, it can be seen as an entry opportunity; when pulling back in the range of the first and second resistance levels, it is necessary to confirm whether the trading volume is sufficient, to anticipate further upward movement.
If the first support level breaks, it means the price has fallen below the previous low, with a downward target at 94.9K, which can also be viewed as a short-term entry opportunity.
November 28 Master Wang's pre-embedded analysis:
Long entry reference: light long positions at 94900-95350. If it pulls back to the 94600-93800 range, go long directly. Target: 97300-97800.
Short entry reference: not applicable
