Crypto Circle News
August 11 Hot Topics:
1. LayerZero Foundation plans to acquire Stargate cross-chain bridge and its tokens for $110 million.
2. El Salvador's new Bitcoin law signals a shift from retail adoption to institutional investment.
3. Michael Saylor releases Bitcoin Tracker information again, may increase Bitcoin holdings.
4. Galaxy Digital deposits 224,000 SOL to Binance and Coinbase.
5. Today's cryptocurrency fear and greed index rises to 69, the market remains in a "greed state."
Trading Insights
It's the weekend, and there's not much market activity. Take a break and recharge. Today, let's talk about how contract trading can both safeguard against risks and make trading more systematic!
After a stop-loss, take a break; avoid impulsively opening new contracts. Contract trading is about leveraging small amounts for larger gains, and losses are normal. If stop-losses are frequently triggered, it's essential to pause operations, calmly review strategies, and avoid blindly opening contracts out of frustration to prevent further losses.
Abandon the "get rich overnight" mentality; reject the urge for quick profits. Trading is never a shortcut, and it's crucial to remain calm during losses. Avoid rushing to open contracts to recover losses, and never go all-in; stability is the key to long-term success.
Go with the trend, do not go against it. Recognize the major trend and do not operate against it in a one-sided market. Once a trend is established, holding against it will only lead to significant losses. It's wiser to patiently wait for the right opportunity than to stubbornly hold on.
Calculate the risk-reward ratio, at least 2:1 before entering a trade. Always calculate the risk-reward ratio before opening a contract to ensure potential profits can cover losses (at least 2:1); otherwise, achieving positive returns in the long run will be difficult.
Restrain frequent trading; beginners should not be greedy for "every opportunity." Non-expert traders must strictly control the impulse to open contracts, especially beginners should not attempt to catch every fluctuation—most so-called "opportunities" are actually traps for losses.
Only earn money within your understanding; do not engage in fluctuations beyond your analytical ability. Stay within your cognitive boundaries to avoid losses from blindly following trends.
Absolutely do not hold onto losing positions; stop-loss is the last line of defense. Stop-loss is the bottom line of trading, and beginners must strictly enforce it. Holding onto losing positions is the beginning of falling into a deep loss; always stay vigilant.
Don't get carried away when profitable; success often precedes losses. After making a profit, maintain rationality; getting carried away can lead to operational mistakes. Protecting profits is more crucial than making new gains.
The above points always revolve around "risk control" and "psychological management." By adhering to these bottom lines, you can trade contracts more steadily and further!
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.
The data is real, and each trade has a screenshot from when it was sent out.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 116,400 yesterday to a high of around 119,300, closing at around 119,250. It is currently at around 121,800, with support at around 120,200. If it breaks below, it could drop to around 118,200. A pullback can be used to buy more around this area. The upper target can be set for a new high. The MACD shows bullish momentum forming a golden cross. The four-hour support is at around 120,000; if it breaks below, it could drop to around 118,300. A pullback can be used to buy more around this area. The upper resistance is at around 122,700; if it breaks through, it could reach a new high. The MACD shows bullish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 4,335 yesterday to a low of around 4,160, closing at around 4,250. The support is at around 4,110; if it breaks below, it could drop to around 3,905. A pullback can be used to buy more around this area. The upper resistance is at around 4,400. The MACD shows bullish momentum forming a golden cross. The four-hour support is at around the MA14; if it breaks below, it could drop to around 4,060. A pullback can be used to buy more around this area. The MACD is oscillating and flattening, with the two lines converging.
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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