Crypto News

September 28 Highlights:

1. According to The Block, several asset management companies concentrated on updating their Solana ETF application documents on Friday, marking another round of intensive revisions following similar activities at the end of August.

2. Today's Fear and Greed Index rose to 37, still in a "fear state."

3. Mining company TeraWulf plans to raise approximately $3 billion for the construction of data centers.

4. Scilex completed a $150 million BTC investment deal in Datavault AI, acquiring about 279 million shares of common stock.

5. The Polkadot native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stage.

Trading Insights

Four Stages of Major Player Involvement in Digital Currency: A Practical Breakdown from Accumulation to Distribution

1. Accumulation Stage: The major player's "quiet accumulation" period. The core action of major funds during 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, one can judge through the volume-price relationship: when the price of digital currency is in a low range, there will be a stepwise increase in volume (gradually increasing trading volume), 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.

2. Markup 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. During this stage, the major player will use a small portion of funds to wash out (oscillate and consolidate, clearing 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, aiming to wait for subsequent high-level cashing out, pushing the price further up.

3. 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 exit. 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 (large chips are exchanged at high levels), indicating that the major player is accelerating the transfer of chips, and the price is about to peak.

4. Distribution Stage: The major player's "cash-out exit" concluding period. After the major player has completed profit-taking 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.

LIFE IS LIKE

A JOURNEY ▲

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.

The data is real, and each order has a screenshot from the time it was issued.

**Search for the public account: *Big White Talks About Currency*

BTC

Analysis

Bitcoin's daily line fell from a high of around 109,700 to a low of around 109,000 yesterday, closing around 109,600. The support level is around 108,100; if it breaks, it could drop to around 106,750. A pullback can be bought near this level. The resistance level is around 111,150; if it breaks, it could reach near MA14. A rebound to this level can be shorted. MACD shows increasing bearish momentum. The four-hour support level is around 108,700; if it breaks, it could drop to around 107,600. A pullback can be bought near this level. The resistance level is around 110,300; if it breaks, it could reach around 111,950. A rebound to this level can be shorted. MACD shows increasing bullish momentum.

ETH

Analysis

Ethereum's daily line fell from a high of around 4,035 to a low of around 3,970 yesterday, closing around 4,015. The support level is around 3,905; if it breaks, it could drop to around 3,750. A pullback can be bought near this level. The resistance level is around 4,150; if it breaks, it could reach near MA60. A rebound to this level can be shorted. MACD shows decreasing bearish momentum. The four-hour support level is around 3,940; if it breaks, it could drop to around 3,865. A pullback can be bought near this level. The resistance level is around 4,060; if it breaks, it could reach around 4,185. A rebound to this level can be shorted. MACD shows decreasing bullish 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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