Crypto News
October 24 Highlights:
1. Solana treasury company Solmate's stock price surged by 50%, announcing a validator center plan and an aggressive acquisition strategy.
2. JPMorgan states that Stripe's AI and payment "dual revolution" is expected to open a $350 billion market.
3. The amount of SOL locked in DeFi on the Solana network reached 62.3 million, a new high since June 2022.
4. Spark invests $100 million in Superstate's USCC to optimize USDS reserve allocation.
5. Trump will hold his first meeting with the Chinese President during the APEC summit.
Trading Insights
The market is full of pitfalls, so stay vigilant. Here are a few trading insights that I believe will help you!
Don’t chase the hype or follow the crowd; only buy when there’s a “discount.” ① Buying logic: When prices drop or remain stagnant with no one buying, it’s a good time to select and buy with confidence. ② Selling logic: Once you see everyone rushing in, and prices are skyrocketing, quickly take the opportunity to sell what you have.
Don’t be greedy during a surge; run quickly, and don’t panic during a sharp drop; first check the volume. ① Responding to a surge: If prices have been “soaring” for several days, it may seem profitable, but risks are hidden, and a drop could happen anytime. It’s safest to take profits. ② Responding to a sharp drop: If there’s a sudden large drop, don’t panic; first check the “trading volume”—if not many are actually selling (low volume), it’s likely just a scare, so don’t rush to cut losses.
A rise without “people” is a trap; a drop with a crowd selling is a signal to escape. ① Beware of “no-volume rises”: Prices may look like they are rising, but if not many are actually buying (low volume), it’s just the main players “drawing a pie” to lure you in—don’t fall for it. ② Always avoid “high-volume drops”: If prices are falling and many are frantically selling (high volume), that’s real panic—quickly withdraw, don’t wait until you’re deeper in.
Don’t fidget during sideways movement; act only after a breakout. ① Sideways phase: The market lacks direction, and prices fluctuate within a range. Entering during this phase is like “guessing a coin flip,” making it easy to buy high and sell low. It’s better to observe more and act less. ② Breakout phase: Wait for prices to truly break through the “upper and lower boundaries” of the sideways movement. Once the trend is clear, follow it to enter, which significantly increases your win rate.
Mindset is more important than skills; greed is the biggest enemy. ① Don’t be greedy when making money: As long as you’ve made a profit and reached your expectations, take it and don’t always think about “a little more,” or you might end up losing it back. ② Don’t hold on when losing money: Once prices drop beyond your acceptable range, set a “stop-loss line” in advance. If you need to cut losses, do it; don’t stubbornly wait for a “turnaround,” as the longer you hold, the more you lose.
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 aren’t 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 weekly level: This week’s candlestick is still mainly fluctuating, with small volatility, and has not yet broken the double top neck line. Only if it breaks can we look at the key support below.
Daily level: The structure of the downward trend remains unchanged, and the triangular pattern is gradually converging.
Technically, the price still hasn’t effectively broken through the Vegas resistance, and the middle band of the Bollinger Bands provides resistance.
4-hour level: The Vegas has already crossed down, making it difficult for bulls to reverse; continue to look bearish.
There is an expectation of a head and shoulders top structure.
ETH
Analysis
Ethereum daily: Yesterday, it rose from a low of around 3795 to a high of around 3935, closing around 3855. The support level is around 3870; if it breaks, we can look to around 3800. A pullback can be bought near this level. The resistance level is around 3980; if broken, we can look to around 4070. A rebound to this level can be sold short. MACD shows a decrease in volume.
On the 4-hour level, the support is near the MA7 moving average; if it breaks, we can look to around 3825. A pullback can be bought near this level. The resistance is around 3975; if broken, we can look to around 4020. A rebound to this level can be sold short. MACD shows an increase in volume.
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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