On July 17, Bitcoin trembles under the massive sell-off by whales. GameStop CEO: Considering accepting cryptocurrency as a payment method for trading cards and collectibles.

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5 hours ago

Crypto Circle News

Hot Topics on July 17:

1. Coinbase launches Base App, renaming its wallet to an integrated social and trading platform.

2. Reports indicate that the second crypto procedural vote is stalled due to obstacles faced by House representatives on CBDCs.

3. World Liberty holders approve WLFI trading, which may increase Trump's cryptocurrency wealth.

4. Bank of America plans to launch a stablecoin, with Morgan Stanley, Citigroup, and JPMorgan advancing related businesses simultaneously.

5. Following tumultuous procedural voting in the U.S. House of Representatives, a vote has been made to advance the stablecoin GENIUS and cryptocurrency market structure bill.

Trading Insights

90% of those who get liquidated fall into this trap! It's not about poor technical skills; it's that you don't understand position control at all! The biggest lie in the crypto circle: "If the technology is in place, you can make a guaranteed profit." The truth is: out of 10 liquidations, 9 lose due to position size, and it has nothing to do with technology. So what if the direction is absurdly right? If you go all in with heavy positions, a slight market reversal will have you out of the game.

The dumb question that beginners love to ask: "Can I go all in this time?" Brother, you're not trading; you're handing your life over to the candlestick chart. How many people have perished in "adding to losing positions and stubbornly holding onto wrong trades"? Greedy when in profit, gambling when in loss, and account zeroing is just a matter of time. I once relied on "gambling luck" with a full position, and after one operation, I was left with only $250. It was only after this painful experience that I understood: position control is what keeps you alive, and controlling your mindset is what allows you to make money.

Now I only adhere to three iron rules: ① Light position trial trades: each trade should not exceed 10%-15% of the total position; losing won't hurt too much, and winning allows for gradual position increases. ② Always set stop-loss: if the direction reverses, cut immediately; stop-loss is not a loss, it's insurance for your account. ③ Split positions to manage emotions: enter and exit in batches, so that single stock fluctuations won't affect your mindset, leading to stable trading.

Remember: trading is not about who makes the most money, but who can survive until the day of profit. If you find position control troublesome today, expect to cry over liquidation tomorrow; if you're too lazy to learn the rules today, you'll have to kneel to recover tomorrow.

Will you be the chives cut in three days, or the seasoned player who profits steadily for three years? The choice is in your hands.

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 aren't going well, you can come and test the waters.

The data is real, and each trade has a screenshot from the time it was sent.

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

BTC

Analysis

Bitcoin's daily line rose from a low of around 117,000 to a high of around 120,100 yesterday, closing around 118,600. The support level is around 116,000; if it breaks, it could drop to around the MA14. A pullback can be bought near this level. The resistance level is around 119,150; if it breaks, it could rise to around 121,400. A rebound to this level can be sold short. MACD shows a decrease in bullish momentum. The four-hour support level is around 116,400; if it breaks, it could drop to around the MA60. The resistance level is around 119,100; if it breaks, it could rise to around 120,700. A rebound to this level can be sold short. MACD shows an increase in bearish momentum.

ETH

Analysis

Ethereum's daily line rose from a low of around 3,100 to a high of around 3,425 yesterday, closing around 3,370. The support level is around 3,235; if it breaks, it could drop to around the MA7. A pullback can be bought near this level. The resistance level is around 3,430; if it breaks, it could rise to around 3,510. MACD shows an increase in bullish momentum. The four-hour support level is around the MA7; if it breaks, it could drop to around the MA14. A pullback can be bought near this level. MACD shows a decrease in bullish momentum.

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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