Crypto News
January 10th Hot Topics:
- X Platform Safety: Confirmed SEC Account Intrusion
- Fidelity to Reduce Bitcoin Spot EFT Fees to 0.25%
- X Platform Releases 2024 Development Roadmap: Introducing Peer-to-Peer Payments
- Bloomberg Analyst: SEC May Announce Spot ETF Approval News on Wednesday Afternoon, 4-5 PM Eastern Time
- ProShares Bitcoin Strategy ETF's Assets Under Management Approaching $2 Billion
Trading Insights
Trading coins is actually trading mentality. Having a good mentality can take you further and allow you to survive in the crypto world permanently. This is a game of strategy, which is helpful in building confidence. For retail investors to make money in this market, they must first have a mature trading system. This system should be repeatedly validated by their own historical operations. Otherwise, in the long run, they will only lose. Even with a logical system, it is important to strictly adhere to one's own logic in trading. Ignorance, greed, fear, and impulsiveness are human emotions. Trading coins is a continuous struggle with human emotions. Each trade should have a reasonable trading plan to avoid being swayed by real-time market changes. The most common scenario is when the mind is clear before opening a position, knowing how to operate, and the trend after opening the position actually follows the expected path. However, due to one's emotions, they fail to act in accordance with their knowledge, leading to greed after reaching the target and causing a setback, or holding onto the position after reaching the stop loss, leading to increased losses.
Search for the public account: Big White Coin Forum
BTC
Analysis
Bitcoin was in a state of oscillation and recovery during the day, dropping to near the support and rebounding around 45500. The early morning market surged to a high of 47980 but quickly fell back. Congratulations to friends who followed yesterday's strategy and profited from long positions by 2000 points. Currently, the price is running near 46040. Although the price on the four-hour chart has broken through the previous high, it has not been able to hold and quickly fell back. The candlestick shows a large shadow on both the top and bottom, indicating strong competition between long and short positions. The MACD is gradually decreasing with the long position, showing signs of a high-level death cross. In the short term, there is a demand for a pullback after the rise, and the intensity is expected to not be too great. The daily price has just retraced to the support of the MA7 moving average, indicating an overall bullish trend. Whether it can continue still needs to focus on the news. If the news is positive, it is very likely to fall first and then rise. Today's market will be very exciting, so pay attention to risk control. The suggested strategy is to focus on long positions on the pullback and short positions on the high side, while the cautious should wait and see. The upper resistance is at 47000-48000, and the lower support is at 44800-43300.
ETH
Analysis
Ethereum's intraday trend is stronger than Bitcoin's. Yesterday, it showed an overall oscillating downward trend, dropping to the support of 2227 and rebounding. In the early morning, the bulls accelerated the rise, reaching a high of 2395 but then falling back. Congratulations to friends who followed yesterday's strategy and profited from long positions by 140 points. Currently, the price is running near 2385. The four-hour candlesticks show a continuous rise, breaking through the previous high, and the MACD shows a golden cross with no obvious increase in volume. The short-term market is temporarily stagnant, but the pullback is not significant, indicating an overall bullish trend. The upper resistance area to watch is 2400, and if it is not broken, the market is expected to continue to oscillate until the news is announced. The daily candlesticks show a strong bullish trend, and the MACD shows a golden cross. If it can hold above 2400, it is expected to make a new breakthrough. Currently, it is still based on news for operation, so the cautious should wait and see. The upper resistance is at 2440-2530, and the lower support is at 2330-2280.
Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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