Crypto News
April 3rd Hot Topics:
1. USDC Treasury added 250 million USDC tokens 3 hours ago.
2. The US SEC submitted a revised notice for the Grayscale Ethereum ETF (conversion).
3. Last week, the spot Bitcoin ETF accumulated a purchase of 1.6 billion USD worth of BTC.
4. Goldman Sachs executive: Does not consider cryptocurrency as an investment asset class.
5. The net inflow of the spot Bitcoin ETF on April 2nd was approximately 103 million USD.
6. Federal Reserve's Mester: Interest rates could be lowered later this year, and it is unlikely to happen in May.
Trading Insights
Accurate analysis over the long term is the main way for us to steadily increase profits. You may have seen too many analyses and profits, but losses still follow you 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 a one-way market trend correctly, but always miss the entry point. When you finally make a trade, the market fluctuates, causing you to exit with only a small profit, and then regret missing the best entry point. 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 in the end, you get stopped out at the highest or lowest point. You may do well in a fluctuating market, but eventually, you will be forced to chase with a heavy position, and after being chopped back and forth, you develop a fear of the market, thinking that it moves unidirectionally every day, when in fact, it fluctuates every day. In reality, every profitable person is the same. However, every losing person has their own reasons, but generally falls into the above categories. Those who have incurred losses can try to identify the reasons, understand the path of profit and loss, and at least their mindset will improve. 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 consider is the trend, followed by the entry point, 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 become a gambler. Remember the four elements of operation: 1. The trend is always the key to steady profits. Follow the trend, as going against it will eventually lead to losses. 2. Always enter the market with a small position and gradually add to it, to avoid losses in sudden market conditions. 3. Every trade must have a strict stop-loss, do not arbitrarily widen the stop-loss or not set one. 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.
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BTC
Analysis
Bitcoin's performance was relatively weak yesterday, with almost no rebound, continuously declining overall, and hitting a low of around 64500 before rebounding. Congratulations to friends who followed this strategy and profited over a thousand points from a low long position. Currently, the price is running near 65800. On the four-hour chart, it has not broken through the support near 64500 after three touches, and then rebounded, indicating strong support. The MACD is gradually decreasing in bearish volume, and the short-term market is in a bottom oscillation. If the four-hour chart turns from bearish to bullish and the candle closes above the MA7, then this pullback will be in place. Although the daily chart closed with a large bearish candle, the trading volume did not follow, so short-term attention should be paid to the strength of the rebound. If this wave falls below 64500, it is expected to test the 60,000 support level again. As long as it does not break, the possibility of a major decline is not high. The overall trend is still in a bull market, and the current pullback is just normal. It is recommended to continue holding at the low position, and for those without a position, buy on dips. Resistance above is at 66500-67500, and support below is at 65000-64500.
ETH
Analysis
Ethereum's trend is linked to the overall market. Yesterday's trend was consistent with Bitcoin, showing a continuous decline, and rebounding from the low around 3213. Congratulations to friends who followed this strategy and profited 80 points from a long position. Currently, the price is running near 3303. On the hourly chart, it quickly rebounded after breaking the previous low, forming a bullish divergence structure. Short-term pressure is near 3310, and the probability of a breakthrough is not high. The short-term trend is in a bottom oscillation, and on the four-hour chart, the bearish volume is gradually decreasing, showing consecutive bullish movements. Short-term resistance is obvious after the downtrend stops, and it is expected to undergo a stable adjustment, stabilize, and then rebound. The retracement range is between 3000-3200, and positions can be added appropriately. For those without a position, buy on dips. After the adjustment, Ethereum will not rise. Resistance above is at 3360-3420, and support below is at 3230-3200.
Disclaimer: The above content is for personal 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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