Crypto Circle News
August 4 Hot Topics:
1. Trump Media's stock fell as the company reported a quarterly loss of $20 million and hinted at the launch of a "utility token."
2. Trump is actively seeking the next Federal Reserve Chair candidate with Bessent.
3. Trump Media and Technology Group officially disclosed plans related to the "Truth" token and wallet.
4. According to Glassnode data: The open contract share of ETH compared to BTC has risen to nearly 40%, the highest level since April 2023.
5. According to validatorqueue data: Nearly 560,000 ETH are queued to exit the Ethereum PoS network, while over 123,000 ETH are waiting to join.
Trading Insights
The key to trading success: Beyond technology, it is the cultivation of "self."
Technology is a tool; people are the core. Most people are obsessed with "guaranteed profit systems" and "precise indicators," but overlook the key point: technology (skills) is just a tool for trading. In the five-tier system of Dao, Fa, Shu, Qi, and Qi, it is the most easily replicable part. Methods like EMA, trend breakthroughs, and VWAP can be found in tutorials everywhere, but understanding technology does not equal profitability—the issue lies in whether one can master the technology.
Poor execution is the root of trading losses. With the same technology, some make profits while others incur losses; the core difference lies in execution:
Self-proclaimed trend traders who hesitate to cut losses and are afraid to take profits;
Those who employ breakout strategies but hesitate to enter when prices break out due to fear of pullbacks. The essence is a lack of self-control—knowing what to do but failing to do it.
Execution in life reflects trading potential. The discipline in trading is highly consistent with life details:
If you say you will practice piano every day, do you stick to it? If you say you will control sugar intake, do you follow through?
If you struggle to execute even small life tasks, how can you expect to be more disciplined in trading than others? The laxity in life is a reflection of poor discipline in trading.
Counterintuitive actions are the "inner strength" of trading. The key to trading is "counterintuitive actions," which is consistent with the willpower honed in life:
In trading, cut losses immediately when needed, stay out of trades when not warranted, and restrain position size when tempted to go heavy;
In life, persist in exercising when you don’t want to, open a book when you don’t feel like reading, and get up early when you’d rather sleep—these small actions are all about cultivating trading "inner strength."
Surpassing others lies in doing what others cannot. In the information age, the gap in technology and resources is narrowing. Whether one can stand out depends on who can persist in doing what others cannot:
When others are anxious about watching the market, you patiently observe;
When others cannot withstand drawdowns, you stick to your system;
When others are entertaining themselves, you quietly review and study charts. This is the dividing line for traders—not indicators or systems, but the individuals themselves.
The end of technology is the refinement of people. The market is never short of technology, signals, or teachers; what is scarce is:
Those who persist in reviewing trades every day;
Those who can stick to their plans despite emotional fluctuations;
Those who strictly execute their systems even when they know they might incur losses. Technology can be replicated, but traders with extreme self-discipline are irreplaceable. The ultimate contest in trading has always been a contest of "people."
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Daba community this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
The data is real, and each order has a screenshot from when it was issued.
**Search for the public account: *Daba Discusses Currency*
BTC
Analysis
Bitcoin's daily line rose from a low of around 111,850 to a high of around 114,750, closing near 114,150. The support level is around 112,600; if it breaks, it could drop to around MA60. A pullback can be bought near this level. The resistance level is around MA30; if it breaks, it could rise to around 119,000. A rebound near this level can be sold short. MACD shows a decrease in bearish momentum. The four-hour support level is around 113,400; if it breaks, it could drop to around 112,150. A pullback can be bought near this level. The resistance level is around MA200; if it breaks, it could rise to around MA60. MACD shows an increase in bullish momentum, forming a golden cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 3,355 to a high of around 3,520, closing near 3,495. The support level is around MA30; if it breaks, it could drop to around 3,290. A pullback can be bought near this level. The resistance level is around 3,625; if it breaks, it could rise to around 3,740. A rebound near this level can be sold short. MACD shows an increase in bearish momentum. The four-hour support level is around MA14; if it breaks, it could drop to around 3,380. A pullback can be bought near this level. The resistance level is around MA30; if it breaks, it could rise to around MA90. A rebound near this level can be sold short. 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 a certain lag. If you have any questions, feel free to consult.
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