9.2 The Ethereum bull market seems to have ended, with spot gold rising above $3,490 per ounce, just $10 away from its historical high.

CN
6 hours ago

Crypto Circle News

September 2 Hot Topics:

1. South Korea will share domestic and foreign cryptocurrency transaction information with multiple tax authorities.

2. President of The ETF Store: The probability of XRP spot ETF approval in 2025 is close to 100%.

3. EU regulators warn that tokenized stocks may mislead retail investors.

4. Metaplanet plans to increase its holdings to 210,000 bitcoins by 2027, accounting for 1% of the total supply.

5. WSJ: The Trump family has accumulated $5 billion in paper wealth after the WLFI issuance.

Trading Insights

A comprehensive analysis of the 8 stages of bottom fishing in the crypto circle: Which step are we currently in?

  1. First Stage: Confidence Boom Period - The atmosphere in the group is enthusiastic, everyone is full of confidence, making grand plans, and actively promoting daily, all believing they are "doing great things."
  2. Second Stage: Confidence Weakening Period - Cryptocurrency prices enter a sideways trend, price increases stagnate, confidence in the group declines, but some still persist in promoting, not completely giving up hope.
  3. Third Stage: Early Bottom Fishing Period - Prices begin to fall, most believe it is a "buying opportunity," and many add positions, actively bottom fishing.
  4. Fourth Stage: Weak Bottom Fishing Period - Prices continue to fall, previous bottom fishing funds are exhausted, people can no longer buy, discussions in the group decrease, and enthusiasm for promotion significantly cools.
  5. Fifth Stage: Negative Outburst Period - Negative emotions spread in the group, voices of blame and insults towards the project team begin to emerge, and dissatisfaction is concentratedly released.
  6. Sixth Stage: No One Cares Period - Almost zero discussions in the group, insults disappear—most have cut losses and left, completely uninterested in project dynamics.
  7. Seventh Stage: Faith Shattered Period - Prices continue to oscillate at low levels, eroding the last remaining faith of retail investors, with some being forced to cut losses.
  8. Eighth Stage: Recovery Takeoff Period - The market begins to recover, the market makers test the waters (pulling up sharply) to observe retail investor reactions; after repeated probing, retail investors dare not chase the rise, and market makers initiate a real upward trend.

Key Question: Which stage are we currently in?

This needs to be assessed based on the specific cryptocurrency's price trend (whether it is in a low-level sideways trend or continuously falling), community activity (discussion volume/emotion), and retail investor behavior (whether they are still bottom fishing or have exited).

Comprehensive judgment:

  1. If there are still insults in the community and some are observing, it is likely in the 5th-6th stage;
  2. If it is in a low-level sideways trend and the community is silent, it may be in the 7th stage;
  3. If there is a test pull-up and retail investors dare not chase, it may have entered the early 8th stage.

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 smoothly, you can come and test the waters.

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 107,200 to a high of around 109,850 yesterday, closing around 109,200. The support level is around 107,500; if it breaks, it could drop to around 104,650. A pullback can be bought near this level. The resistance level is around MA90; if it breaks, it could rise to around 114,000. A rebound near this level can be sold short. MACD shows a decrease in bearish volume. The four-hour support level is around 107,400; a pullback can be bought near this level. The resistance level is around MA90; if it breaks, it could rise to around MA120. A rebound near this level can be sold short. MACD shows an increase in bullish volume.

ETH

Analysis

Ethereum's daily line fell from a high of around 4,490 to a low of around 4,210 yesterday, closing around 4,310. The support level is around 4,215; if it breaks, it could drop to around 3,995. A pullback can be bought near this level. The resistance level is around MA14; if it breaks, it could rise to around 4,605. A rebound near this level can be sold short. MACD shows an increase in bearish volume. The four-hour support level is around MA200; if it breaks, it could drop to around 4,055. A pullback can be bought near this level. The resistance level is around MA90; if it breaks, it could rise to around MA60. A rebound near this level can be sold short. MACD shows a flat oscillation with dual 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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