Crypto News
April 11th Hot Topics:
1. The management assets of the Southern Dongying Bitcoin Futures ETF have increased to $119 million.
2. The net inflow of the US spot Bitcoin ETF was $124 million yesterday.
3. US Senator: Bitcoin is a reliable choice to protect consumer rights.
4. Bitcoin mining difficulty has increased by 3.92% to 86.39 T, reaching a historical high.
5. Biden: Interest rate cuts may be postponed for a month.
Trading Insights
First and foremost, this is the foundation for stable profitability and avoiding the risk of losing everything. "Take profit, stop loss, and withdraw" are indispensable. Before opening a position, set the stop loss and take profit. Unless there is a major market movement, you can widen your take profit level, but when the stop loss is reached, it must be strictly adhered to. Do not stubbornly hold onto a losing position. Weekly profits must be withdrawn promptly to avoid losing everything.
Secondly, avoid frequent trading and cutting losses. Opening a long position for three minutes and experiencing a loss, then switching to a short position when anticipating a drop, repeating this cycle will deplete your resources. At this point, it is crucial to close the trading platform, take a break, and calm down.
Thirdly, it is essential to continuously improve your trading system through your own learning and methods. Everyone's assets, time, and positions are different, so everyone's trading methods and systems will be different. It is futile to not attempt to find your own method or alternative strategies. Some people may only allocate 1-10% of their assets to trading, so they can trade without pressure. However, your situation may be different, possibly trading with full positions or even in debt, resulting in a completely different mindset, especially for those who prefer high leverage and full positions. Their risk tolerance is completely different from others.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
Bitcoin dropped to the 67540 level yesterday and quickly rebounded. The market then continued to rise, reaching a high of 71130 but was resisted. Congratulations to friends who followed this strategy and profited from the long position by 3000 points. Currently, the price is running near 70600. The four-hour candlestick chart shows a rebound with three consecutive positive candles, pulling the price back above 70,000. It is evident that there is strong support below. The MACD shows a shrinking bearish trend with decreasing volume and the two lines sticking together, indicating a period of oscillation with a demand for a pullback due to the decrease in short-term highs. If the price can stabilize above 70800, there is a possibility of another rise. Looking at the daily chart, the failed attempt to reach a high has extended the oscillation period, but being in a bull market, the result will definitely be positive. The strategy remains to maintain a long position, with resistance above at 71500-73300 and support below at 70000-69000.
ETH
Analysis
Ethereum showed a fluctuating trend during the day yesterday, and then chose to decline again in the evening, dropping to the support level around 3410 before rebounding. The highest point reached was around 3580 but was resisted. Congratulations to friends who followed this strategy and profited from the long position by over 100 points. Currently, the price is running near 3566. Although it fell back to the starting point on the four-hour chart, the bearish trend did not continue. After the decline stopped, the bearish momentum gradually weakened, and the market once again entered a period of oscillation and adjustment. Although it is resisted and retraced in the short term, the magnitude will not be significant. There is no good entry position for short-term fluctuations, so it is best to continue holding onto your chips. On the daily chart, the bottom is rising, and the market is gradually stabilizing. Despite the failed attempt to reach a high, the trend has not deteriorated. It is expected that there will be a few days of adjustment. As long as it stabilizes above 3650, there is an opportunity for another push. The strategy remains unchanged, focusing on long positions, with resistance above at 3600-3650 and support below at 3520-3480.
Disclaimer: The above content is purely 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 are any areas that are not understood, feel free to consult.
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