Cryptocurrency News
September 25 Hot Topics:
1. U.S. Senate Democrat Warren: Calls for investigation into the Trump family's overseas cryptocurrency transactions.
2. SEC Chairman: Will work closely with CFTC to advance cryptocurrency regulation.
3. Bitlight Labs may hint at an upcoming TGE.
4. Deutsche Bank: The U.S. government may face its first shutdown since the winter of 2018-2019.
5. Hong Kong Monetary Authority: No offshore RMB stablecoins are currently issued in Hong Kong.
Trading Insights
Four Stages of Major Player Involvement in Digital Currency: A Practical Breakdown from Accumulation to Distribution
Accumulation Stage: The major player’s "quiet accumulation" period. The core action of major funds in this stage is to collect chips at low prices. At this time, the major player is the main buyer, while retail investors are mostly sellers. From the market characteristics, it can be judged through the volume-price relationship: when the price of digital currency is in a low range, there will be a stepwise increase in volume (trading volume gradually increases), accumulation (continuous large transactions), and simultaneous rise in volume and price (price rises in sync with trading volume). These characteristics correspond directly to the chip distribution chart, reflecting that the major player is steadily accumulating.
Rally Stage: The major player’s "profit-taking" period. After completing the accumulation, the price of digital currency will move away from its cost zone, and the major player begins to realize paper profits. In this stage, the major player will use a small portion of funds to wash out (consolidate and clean up retail investors' floating chips), while most chips remain unchanged; corresponding to the chip distribution chart, a large number of chips still occupy the bottom area, which is the major player’s core holding, aimed at waiting for subsequent high-level cashing out to push the price further up.
Peak Stage: The major player’s "exit preparation" signal period. When the price of digital currency is at a high level, if a large number of chips suddenly disappear from the bottom area, it is a clear sign of the major player’s distribution. The key characteristics of this stage are: low-level chips continuously move to high levels and form a dense accumulation at high levels, while the market turnover rate significantly increases (a large number of chips are exchanged at high levels), indicating that the major player is accelerating the transfer of chips, and the price is about to peak.
Distribution Stage: The major player’s "cashing out" closing period. After realizing profits at high levels, the market chips will be fully concentrated in the high range, with no major player holdings at the bottom. At this time, the major player’s distribution actions have been completed, and the digital currency subsequently lacks upward momentum. Investors should not continue to hold and should immediately take stop-loss or take-profit actions to avoid being trapped.
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Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along. If your operations are not going smoothly, you can come and test the waters.
Data is real, and each order has a screenshot from the time it was issued.
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BTC
Analysis
Bitcoin's daily line rose from a low of around 110,950 to a high of around 113,900 yesterday, closing at around 113,250. The support level is around 110,850; if it breaks, it could drop to around 108,200. A pullback can be bought near this level. The resistance level is near the MA7 moving average; if it breaks, it could rise to around MA14. A rebound near this level can be sold short. MACD shows an increase in bearish momentum, forming a death cross. The four-hour support level is around 110,550; if it breaks, it could drop to around 109,650. A pullback can be bought near this level. The resistance level is around 113,300; if it breaks, it could rise to around MA120. A rebound near this level can be sold short. MACD shows a decrease in bullish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 4,205 to a low of around 4,070 yesterday, closing at around 4,150. The support level is around 3,900; if it breaks, it could drop to around 3,760. A pullback can be bought near this level. The resistance level is around 4,215; if it breaks, it could rise to around MA30. A rebound near this level can be sold short. MACD shows an increase in bearish momentum. The four-hour resistance level is near the MA7 moving average; if it breaks, it could rise to around MA360. A rebound near this level can be sold short. MACD shows an increase in bearish momentum.
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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