Crypto News

February 20th Hot Topics:

1. Tiger Securities CFO: Evaluating the listing of more altcoins, will implement international expansion strategy in the UK and the US markets
2. The UK government plans to introduce legislation on stablecoins and crypto collateral within six months
3. Total market value of stablecoins surpasses 140 billion USD
4. A trader sold 10 NFTs purchased 3 years ago, making a profit of 13 million USD
5. Bitwise's physical Bitcoin ETF approved for full access to advisors in the 300 billion USD RIA market in the US

Trading Insights

1. No need to check the market every day: There is no need to check the market every day. Most people just need to slowly invest their spare money and let it grow in the pool, then you can take it out. Trading coins is that simple, not as tiring as you think.
2. Maintain a balanced view of market fluctuations: In the investment process, it's important to maintain a balanced mindset and not calculate daily gains and losses. Price fluctuations are normal, and being too concerned with short-term gains and losses will lead to a fluctuating mindset, making you a loser in the end.
3. Control the urge to chase price increases: Chasing price increases is a big taboo in investment. When your emotions start to control you, remember past experiences of losses and being trapped. Distract yourself from chasing price increases, and when you calm down, you'll often find that the coin price has dropped again.
4. Control your panic and greed: Warren Buffett said, "Be fearful when others are greedy and greedy when others are fearful." Follow the market's rhythm, and with the right timing, no one can stop you.

Search for the public account: Big White Coin

BTC

Analysis

Bitcoin reached a high near 52480 yesterday but was resisted and fell back. It then fluctuated downward, reaching support near 51320. Currently, the price is running near 51800. On the four-hour chart, the price was resisted after a second high, showing overall high-level fluctuations and running below the MA7 moving average. The MACD is bearish but the volume is not significant, and the two lines are in a dead cross state. There is a demand for a short-term rebound. If the price cannot stabilize above MA7, there is expected to be a need for a pullback. Looking at the daily chart, the bull-bear game has not continued, and the MACD bull gradually decreased in volume, and the two lines turned downward, with the possibility of forming a dead cross. The overall direction is still bullish, and it is expected to fluctuate in the short term before rising again. The strategy suggests focusing on buying on dips and selling high, with resistance above at 52400-52800 and support below at 51600-51000.

ETH

Analysis

Ethereum's overall trend is stronger than Bitcoin. It fluctuated upward all day yesterday, reaching a high near 2984 in the morning but was resisted. Congratulations to friends who followed yesterday's strategy and profited 100 points from long positions. Currently, the price is running near 2922. On the four-hour chart, the candlestick rose and fell after reaching a high, forming an upper shadow line and falling back. The MACD bull decreased in volume, and the two lines stuck together. In the short term, the market shows high-level fluctuations, with attention to the MA14 support below. If it is not broken, the trend will continue upward. If broken, focus on the vicinity of 2830. Do not rush to enter long positions. Looking at the daily chart, the candlesticks continued to rise, but failed to stabilize, and the MACD volume indicator is still in a golden cross state. The overall trend is bullish, but it will not rise continuously. The current resistance is strong, and it is expected to fall back first to repair the MA7 moving average. Do not chase price increases in the short term. The strategy suggests focusing on buying on pullbacks and selling high, with resistance above at 2960-3000 and support below at 2900-2860.

Disclaimer: The above content is for reference only and does not constitute specific operational advice, nor does it 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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