Cryptocurrency News

Hot Topics on July 16:

1. SharpLink Gaming purchased 5,188 ETH again 10 hours ago, bringing its total holdings to 300,000 ETH.

2. pump.fun transferred 98,000 SOL to the buyback address, valued at approximately $16 million.

3. The U.S. House of Representatives failed to pass a procedural vote on the cryptocurrency bill, with a second vote expected on Wednesday.

4. Trend Research transferred 17,289 ETH to Binance, starting to take profits and reduce leverage.

5. Kraken launched a U.S. cryptocurrency derivatives platform, integrating spot and futures trading.

Trading Insights

If you are engaged in contract trading, the following 5 tips may help you. Remember to save and like!

1. Technical Analysis: Pay attention to the daily candlestick patterns and compare them with the previous day's characteristics; focus on tracking changes in resistance and support levels. If unchanged, maintain the original strategy; if there are fluctuations, adjust your trading approach accordingly.
2. Market Strength Assessment: Continuous rises or falls often indicate a trend reversal; however, if key levels are not broken, terms like "rocket" or "waterfall" usually refer to short-term fluctuations. In such cases, buying high and selling low is preferred.
3. Operational Principles: Stick to short-term trading; both long and short positions can participate, but the overall trend must be clear. If in a long-term downtrend adjustment period, be particularly cautious when going long; if in a long-term uptrend, remain vigilant when going short.
4. Direction Identification: Whether going long or short, closely monitor the day's high and low points. If the day's high and low points break the previous day's range, it often indicates a shift in market forces, which can serve as a simple basis for direction judgment.
5. Volatility Signal Interpretation: When volatility is within the previous day's high and low points, the market is relatively stable; however, if it shrinks to an extreme with low trading volume, it often signals an impending change. If the day's high and low points break the previous day's range and volatility expands, focus on the breakthrough of key support and resistance levels. If not broken, it indicates range-bound fluctuations, but there is still room for operation.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.

Data is real, and each trade has a screenshot from the time it was issued.

**Search for the public account: *Big White Talks About Coins*

BTC

Analysis

Bitcoin's daily line fell from a high of around 119,900 to a low of around 115,700 yesterday, closing around 117,750. The support level is around 116,000; if broken, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around 119,150; if broken, it could rise to around 121,400. A rebound to this level can be used to sell short. MACD shows a decrease in bullish momentum. The four-hour support level is around 116,300; if broken, it could drop to around MA60. The resistance level is around MA14; if broken, it could rise to around 119,850. MACD shows a decrease in bearish momentum.

ETH

Analysis

Ethereum's daily line rose from a low of around 2,930 to a high of around 3,145 yesterday, closing around 3,140. The support level is around 3,010; if broken, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around 3,185; if broken, it could rise to around 3,270. A rebound to this level can be used to sell short. MACD shows an increase in bullish momentum. The four-hour support level is around MA14; if broken, it could drop to around 2,950. A pullback can be used to buy near this level. MACD shows an increase in bullish momentum, forming a golden 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 may have some lag. If you have any questions, feel free to consult.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。