Crypto Circle News
June 21 Hot Topics:
1. Reddit is considering adopting iris scanning human verification technology developed by the World crypto project.
2. The Wyoming Stablecoin Committee plans to launch the WYST stablecoin mainnet on August 20.
3. Trump: If the Federal Reserve lowers interest rates to 1%-2%, he may "not fire" Powell.
4. The Lisk community of the Ethereum L2 network plans to vote to destroy 100 million tokens.
5. Federal Reserve's Daly: A soft labor market makes it more appropriate to cut rates in the fall, with economic fundamentals trending towards rate cuts.
Trading Insights
In crypto trading, adhere to the following six golden rules to help you achieve stable profits!
Strictly set stop-losses to protect your capital's lifeline. ① Key points: Control single losses to within 10% of your capital. Once the stop-loss line is hit, exit decisively. The stop-loss can be flexibly set between 5%-10% based on your risk tolerance. ② Key significance: Stop-loss is the last line of defense against risk, preventing significant capital loss from a single mistake, allowing you to maintain capital for continued market participation.
Avoid overtrading and reduce ineffective operations. ① Key points: Remain cautious when market direction is unclear, reduce trading frequency, and avoid frequent buying and selling. Also, control the amount of capital invested each time to prevent impulsive decisions due to emotions. ② Key significance: Overtrading not only significantly increases transaction costs but also easily traps traders in a vicious cycle of chasing highs and cutting losses, reducing the success rate of trades.
Lock in profits and avoid turning gains into losses. ① Key points: After a trade becomes profitable, promptly set a take-profit level, ideally above the cost price, to ensure profits are secured. ② Key significance: The market is ever-changing; timely locking in profits can effectively avoid giving back gains due to market reversals, achieving steady capital growth.
Go with the trend and do not fight against it. ① Key points: Abandon subjective assumptions, do not preset fixed buy/sell prices, closely monitor market trends, and operate in accordance with the trend. If uncertain about market trend judgments, exit decisively and observe. ② Key significance: Trading against the trend is like a mantis trying to stop a car; going with the trend allows you to leverage market forces to increase profit probabilities.
Choose quality markets to enhance trading efficiency. ① Key points: Prioritize mainstream markets with good liquidity, high trading volume, and strong volatility, and avoid obscure trading pairs. ② Key significance: Active markets ensure quick execution of buy/sell orders, reduce slippage risk, and provide more trading opportunities and profit potential.
Strictly adhere to trading discipline and refuse arbitrary closing of positions. ① Key points: Closing operations must follow pre-set take-profit and stop-loss rules, avoiding arbitrary actions due to emotional fluctuations or subjective judgments. ② Key significance: Trading discipline is the guarantee for the effective execution of trading strategies; strict adherence to discipline allows trading strategies to achieve maximum effectiveness.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White community this week. Congratulations to the friends who followed along. If your operations are not going well, you can come and test the waters.
Data is real, and each order has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 106,500 to a low of around 102,250 yesterday, closing around 103,250. The support level below is around 102,000; if broken, it could drop to around 101,250. A pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if broken, it could rise to around MA30. A rebound near this level can be used to sell. MACD shows increasing bearish momentum. The four-hour support level is around 103,000; if broken, it could drop to around 102,450. A pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if broken, it could rise to around MA30. A rebound near this level can be used to sell. MACD shows increasing bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily line fell from a high of around 2,570 to a low of around 2,365 yesterday, closing around 2,405. The support level below is near the MA60; if broken, it could drop to around 2,250. A pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if broken, it could rise to around MA30. A rebound near this level can be used to sell. MACD shows increasing bearish momentum. The four-hour support level is around 2,380; if broken, it could drop to around 2,345. A pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if broken, it could rise to around MA30. A rebound near this level can be used to sell. MACD shows increasing bearish momentum, forming a death cross.
Disclaimer: The above content is personal opinion and 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 you have any questions, feel free to consult.
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