Cryptocurrency News
September 30 Hot Topics:
1. BlackRock's IBIT surpasses Deribit to become the world's largest Bitcoin options trading venue.
2. Federal Reserve's Musalem: The U.S. Office of the Comptroller of the Currency is expected to regulate non-bank stablecoin issuers.
3. Andre Cronje's new project Flying Tulip completes $200 million financing, with investments from DWF Labs, FalconX, and others.
4. DoubleZero receives SEC No-Action Letter; 2Z's programmatic distribution is deemed not requiring registration as a security.
5. SEC suspends trading of QMMM stock due to its crypto treasury plan causing a 959% surge in stock price.
Trading Insights
Sharing some methods and tips for short-term trading in practice; remember these to avoid 80% of the pitfalls!
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 you incur a 30% loss upon entry, exit immediately, indicating a wrong timing.
Set a 30% stop-loss; if broken, close without conditions, do not hold the position.
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 highly probable at night.
Volume contraction in rising/falling trends likely indicates continuation.
Prices rise before major meetings/good news, but may drop after the news lands.
A significant drop during the day 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 often stop near liquidation; market makers won't let you close easily.
After taking profits, the market often surges; you need to "lighten up" before it rises.
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 trades from the Big White Community's group this week; congratulations to those who followed along. If your trades are not going well, 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 Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 111,500 to a high of around 114,400 yesterday, closing around 114,250. The support level is near MA120; if broken, it could drop to around 110,000. A pullback can be bought near this level. The resistance level is around 116,000; if broken, it could rise to around 117,100. A rebound near this level can be sold short. MACD shows a decrease in bearish momentum, indicating a potential golden cross. The four-hour support level is around 113,250; if broken, it could drop to near MA60. A pullback can be bought near this level. The resistance level is around 115,200; if broken, it could rise to around 116,350. A rebound near this level can be sold short. MACD shows a decrease in bullish momentum.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,080 to a high of around 4,235 yesterday, closing around 4,215. The support level is near the MA7 moving average; if broken, it could drop to near MA90. A pullback can be bought near this level. The resistance level is near MA30; if broken, it could rise to around 4,470. A rebound near this level can be sold short. MACD shows a decrease in bearish momentum. The four-hour support level is near MA14; if broken, it could drop to near MA30. A pullback can be bought near this level. The resistance level is near MA90; if broken, it could rise to near MA120. A rebound near this level can be sold short. MACD shows a decrease in 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 may have some lag; if you have any questions, feel free to consult.
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