Cryptocurrency News
Hot Topics on August 29:
1. 21Shares applies to the U.S. SEC to launch a spot SEI ETF, custodied by Coinbase.
2. CZ: DEX may surpass CEX, blockchain AI, RWA, and stablecoins are key breakthroughs for the future.
3. CFTC plans to clarify FBOT registration rules, providing a compliance path for U.S. users participating in overseas trading platforms.
4. JPMorgan states that the current Bitcoin price is "too low," expecting it to rise to $126,000 by the end of the year.
5. U.S. Department of Commerce: The U.S. government has released the latest GDP data on chains like Bitcoin, Ethereum, and Solana.
Trading Insights
Sharing some methods and tips for short-term trading in practice; remember these to avoid 80% of the detours!
Eight Iron Rules of Short-Term Trading:
Focus on the top ten mainstream coins, combining market hotspots, news, and daily MACD golden cross, BOLL patterns to select high-volatility varieties.
Position management: divide 50,000 into five parts, using one part for each position.
Avoid full positions; the maximum holding should be 50%, leaving 50% for opportunities.
Limit trades to no more than three times a day; control your hands.
Do not average down; if entering a position incurs a 30% loss, exit immediately, indicating a wrong timing.
Set a 30% stop loss; if broken, close the position unconditionally, do not hold.
Do not cling to K-lines; enter and exit quickly.
Go with the trend; only trade mainstream coins, avoid altcoins.
Twelve Lifesaving Mantras in the Crypto World (Must Remember):
Don't panic during a morning drop; a rebound is likely in the afternoon.
Reduce positions during an afternoon surge; a pullback is likely at night.
Volume contraction in rising/falling trends likely continues the trend.
Price rises before major meetings/good news, but may drop after the news lands.
Significant daytime drops in China can be a buying opportunity; at 21:30, foreigners may pump the market.
Look for spikes in buying/selling; the deeper the spike, the stronger the signal.
Heavy positions are prone to liquidation and will attract the exchange's "attention."
Short positions often drop after stop-loss; the market maker may "trick" you into exiting.
Rebounds near liquidation points often stop suddenly; market makers won't let you exit easily.
After taking profits, the market often rises; you need to "lighten the load" before it goes up.
When you are excited, a drop is likely; excitement is a lure from market makers.
When you are broke, all projects rise (creating FOMO), over 80% of the market is manipulated; trading requires patience, composure, and timing, do not enter blindly.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week; congratulations to the coin friends who followed along. If your operations are not 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 Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 110,800 to a high of around 113,450 yesterday, closing around 112,500. The support level is near MA120; if broken, it could drop to around 107,700. A pullback can be bought near this level. The resistance level is around 114,300; if broken, it could rise to around 117,600. A rebound near this level can be sold short. MACD shows a decrease in bearish volume. The four-hour support level is around 110,600; if broken, it could drop to around 109,650. A pullback can be bought near this level. The resistance level is near MA60; if broken, it could rise to MA90. A rebound near this level can be sold short. MACD shows a decrease in bullish volume and signs of a death cross forming.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,425 to a high of around 4,635 yesterday, closing around 4,510. The support level is around 4,375; if broken, it could drop to around MA30. A pullback can be bought near this level. The resistance level is around 4,590; if broken, it could rise to around 4,765. A rebound near this level can be sold short. MACD shows an increase in bearish volume. The four-hour support level is around 4,385; if broken, it could drop to around 4,270. A pullback can be bought near this level. The resistance level is near MA30; if broken, it could rise to around 4,725. A rebound near this level can be sold short. MACD shows an increase in bearish volume.
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.
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