Cryptocurrency News
September 1st Hot Topics:
1. Yuga Labs CEO: Workshop team has launched, focusing on building innovative ApeChain products.
2. UniSat: Public mining pool FairPool has launched on the Fractal test network.
3. Symbiotic TVL surpasses 1.6 billion USD, with a 32.68% increase in the past month.
4. HKDAX has submitted a virtual asset trading platform license application to the Hong Kong Securities and Futures Commission.
5. Uniswap to collaborate with Pudgy Penguins during the Korean Blockchain Week.
Trading Insights
In fact, I feel that risk/position management is more important when navigating bull and bear markets. 1. Never fully invest, 70% is considered full investment. This is mainly because emotional management will be much better. If it's a bull market, being content with making money from 70% is enough. If you make a wrong judgment and the market falls, there are still three layers of investment to make up for it, reducing the possibility of being influenced by emotions. 2. When fully invested, start looking for short positions; when in a short position, start looking for long positions. This is a very counterintuitive thing, but I think it's the most important principle for me to navigate through two bull and bear markets. When you are fully invested, it is when your risk is the greatest, and when you are in a short position, it is when you have the most opportunities. You should avoid risks when fully invested, start looking for short positions, and find the right time and position to take profits, instead of fantasizing that BTC can rise to 100,000 or 200,000. Similarly, when in a short position, actively seek opportunities and actively look for long positions. However, more often than not, most people are bullish when fully invested and bearish when in a short position. You can say that I lack vision, as there are so many people who have held BTC from 3000 to now and made who knows how many times the profit. But I think there are more people who bought at 70,000 and sold at 15,000. 3. Only spot trading, never futures. There's not much to say about this. I hope that when you deeply understand this statement, you still have a chance to make a comeback. Let's encourage each other.
LIFE IS LIKE A JOURNEY ▲
Below are the real trading group orders of Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going well, you can come and try it out.
The data is real, and each order has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin's daily chart formed a doji star yesterday, reaching a high near 59500 and a low near 58750, closing near 59000. The support below is near 58000, and the resistance above is near the MA30. If a breakthrough occurs, it could reach near the MA14. The MACD shows an increasing bearish trend. The key focus on the four-hour chart is the 58000 level. If it continues to close below 58000, it may go down to around 56000. The resistance above is near the MA7, and if a breakthrough occurs, it could reach near the MA30. The support below is near 0.382. The MACD is oscillating flat, with the two lines sticking together. For the short term, consider buying near 57150-56200 for a rebound target near 57900-58400. For the medium term, consider buying near 56750-56200 for a rebound target near 57900-58400. For the monthly chart, consider buying near 54670-53600 for a target near 57000-60000.
ETH
Analysis
Ethereum's daily chart formed a doji star yesterday, with a high near 2535 and a low near 2490, closing near 2515. The resistance above is near the MA7, and if a breakthrough occurs, it could reach near the MA30. The MACD shows signs of a bearish crossover. The key focus on the four-hour chart is the resistance near the MA14. If a breakthrough occurs, it could reach near the MA120. The MACD is oscillating flat. For the short term, consider buying near 2360-2307 for a rebound target near 2500-2650.
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 ask for advice.
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