Cryptocurrency News
Hot Topics on August 31:
1. The Ethereum Foundation released "Protocol Update 003 – Improve UX"
2. Wu Jiezhang: Hong Kong is actively building an international digital asset center, and the combination of capital markets and digital assets will have new momentum.
3. Hyperscale Data plans to sell common stock to raise $125 million to purchase BTC and XRP.
4. The hacker who stole over $300 million from Coinbase has been transferring ETH through TornadoCash.
5. Bitcoin mining company IREN reached a $20 million settlement with NYDIG.
Trading Insights
Sharing a few trading experiences and insights:
- Core Logic: Earn "rhythm money," not "get-rich money." The root of most people's losses is "lack of rhythm": when the market rises, they operate with extreme restraint, accurately timing the market phases:
- 1. Early bull market: Focus on dollar-cost averaging into mainstream coins, paired with light positions to chase certain hot spots;
- 2. Mid bull market: Use trend contracts for swing trading to amplify swing profits;
- 3. Late bull market: Decisively take profits and reduce positions, securing gains without being overly attached to the battle.
- Starting Principles: Stability is key, refuse the "quick money trap." If the principal is between 50,000 to 100,000, don’t fantasize about making it big with "hundredfold coins"; focusing on the main line and controlling risk is crucial:
- 1. Learn the basics first: At least understand candlesticks, identify support and resistance levels, and judge capital flow and chip structure;
- 2. Test the waters: Use small amounts to experiment, and once you grasp market patterns, increase your positions when significant opportunities arise;
- 3. Refuse to follow the crowd: Don’t blindly trust "tips," avoid being trapped by following the herd, and strictly manage your positions and stop losses.
Core of Profitability: Rely on a "trading system," not "luck." Many people lose money because they lack a fixed trading logic—envying others' profits leads to impulsive actions, and they can't hold onto gains or are reluctant to cut losses, essentially turning investment into gambling. True profitability comes from treating each operation as a "rational decision": clearly define your strengths (such as swing trading, dollar-cost averaging, or new coin investments), only seize certain opportunities that fit your model, repeatedly execute and continuously optimize, relying on a system for stable profits rather than single-instance luck.
Specific Pathways: Combine strategies for clear entry and exit:
- 1. Main upward trend in a bull market: Focus on mainstream coins, aiming for a 30%-50% increase, without being overly greedy;
- 2. Rolling fund operations: Use part of your funds to participate in hot rotations, quality airdrops, and new coin investments to enhance returns;
- 3. Contract assistance: Only use small position contracts when the trend is clear to amplify profits, while strictly controlling drawdowns to avoid heavy speculation. The key is "not hesitating when it's time to charge, and not being overly attached when it's time to take profits," being neither greedy nor fearful, and executing strictly.
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 Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 107,300 to a high of around 108,900 yesterday, closing around 108,750. The support level below is around 105,550; if it breaks, it could drop to around 102,800. A pullback can be bought near this level. The resistance above is near MA7; if it breaks, it could reach around MA30. A rebound to this area can be used to short. MACD shows increasing bearish momentum. On the four-hour chart, the resistance is near MA30; if it breaks, it could reach around MA60. A rebound to this area can be used to short. MACD shows decreasing bearish momentum and has signs of forming a golden cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,255 to a high of around 4,415 yesterday, closing around 4,370. The support level below is near MA30; if it breaks, it could drop to around 4,070. A pullback can be bought near this level. The resistance above is around 4,555; if it breaks, it could reach around 4,745. A rebound to this area can be used to short. MACD shows increasing bearish momentum. On the four-hour chart, the support below is near MA14; if it breaks, it could drop to around 4,220. A pullback can be bought near this level. The resistance above is near MA60; if it breaks, it could reach around 4,615. A rebound to this area can be used to short. MACD shows increasing bullish momentum and has formed 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 has a certain lag. If you have any questions, feel free to consult.
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