Crypto News
January 29th Hot Topics:
- A whale address transferred all 14,768 ETH to Coinbase.
- Tokens worth over $215 million will be unlocked this week.
- A new wallet withdrew a total of 424,259 LINK from Binance in the past 24 hours.
- Important events schedule for this week: Key shift in the Fed's policy.
- JPMorgan Fund submitted the first Bitcoin ETF application in Hong Kong, which is expected to be listed shortly after the Spring Festival.
Trading Insights
Long-term and accurate analysis is the main way for us to steadily increase profits. Perhaps you have seen too much analysis and witnessed many profits, but losses still follow you. That's because you always like to operate with comprehensive analysis, while the market itself is a choice between the majority being doomed and the minority being profitable. Instead of comprehensive analysis, it's better to follow one person. Although no one can guarantee 100% profit, as long as we establish a balanced approach of entry, exit, and risk control, and follow the guided operations, stable profits can be achieved. Accumulating small gains is not that difficult! You may have identified the one-way market correctly, but always miss the entry point. When you finally make a trade, the market fluctuates, causing you to take a small profit and leave, feeling regretful. When the market retraces, you get trapped. Once trapped, it consolidates, and you always hold the belief that the market will at least retrace to break even or exit with a small loss, but end up cutting at the highest or lowest point. Although you may do well in a fluctuating market, there will always be a day when you chase after positions with heavy leverage, and after being cut back and forth, you start to fear the market and think that it moves unidirectionally every day, and dare not make trades. In reality, the market moves in a fluctuating manner every day; when you suddenly realize it's fluctuating, the market turns out to be unidirectional. In fact, every profitable person is the same. However, every losing person has their own reasons, but generally falls into the above categories. Those who lose money can try to identify the reasons, understand the path of profit and loss, and at least have a better mindset. During the investment process, there will always be external factors to interfere with us. At this time, we must overcome them, have patience, resist temptation, see through traps, and seize opportunities. When trading, the first thing to look at is the trend, followed by the position, and finally the timing. We emphasize understanding and observing the market. Regardless of whether the operation is right or wrong, there must be a reason for the operation. When you have a reason for the operation, timely reflection, whether right or wrong, that is considered true investment. Otherwise, you will only end up gambling. Remember the four elements of operation: 1. The trend is always the best way to profit steadily. Following the trend is the way to go, while going against the trend will eventually lead to losses. 2. Every trade must start with a small position and then gradually add to it, to avoid losses in sudden market conditions. 3. Every trade must have strict stop-loss, do not enlarge or not set stop-loss casually. 4. What you need is not just good advice, but also a good mindset! The entry point of investment relies on technical analysis, and after entering, it relies on mindset, position management, luck, and the appearance, maintenance, and expansion of profits rely on trailing stop-loss and take-profit.
Search for the public account: Big White on Coins
BTC
Analysis
Bitcoin rebounded all the way yesterday, breaking through the previous high to the 42837 level but was resisted. The evening market fluctuated and fell to the support level of 41612. Congratulations to friends who followed the train of thought. Currently, the price is running near 42250. The price on the four-hour chart retraced to the support of the MA90 moving average and rebounded, but the upward momentum is not strong. It is overall suppressed by the MA120 moving average and is oscillating within the moving averages. The MACD is gradually converging with decreasing volume, and short-term trends require retracement but will not have much space. The daily chart shows continuous positive candlesticks rebounding, stabilizing above the MA14, and the probability of breaking through to the upside in the future is high. Personally, I still favor the upward trend. The suggestion is to mainly go long on dips and short on highs, with resistance at 42800-43300 and support at 41600-41000.
ETH
Analysis
Ethereum's trend yesterday was consistent with Bitcoin, showing an overall high and then a pullback. The highest point during the day reached the resistance level of 2307, and in the evening, it fluctuated downward to the support level of 2240. Congratulations to friends who followed the train of thought. Currently, the price is running near 2267. The retracement on the four-hour chart is not strong, and the rebound is supported by the MA30 moving average below, but the momentum is not strong. It is oscillating overall, with the MACD running without volume, and the short-term trend is mainly oscillating without direction. If the daily chart retracement can be supported, the market will continue to rebound and test the resistance of the MA60, and if broken, it will continue to decline. I still have a positive outlook on the future direction. The suggestion is to buy heavily on major dips and buy lightly on minor dips, with resistance at 2280-2300 and support at 2250-2220.
Disclaimer: The above content is personal opinion and is for reference only. It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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