Crypto News
November 24 Highlights:
1. The Bitcoin community and Strategy supporters call for a boycott of JPMorgan in response to the new rule report proposed by MSCI.
2. New Zealand plans to incorporate digital currency into its financial education program by 2026.
3. U.S. Treasury Secretary Yellen: Government shutdown causes a permanent $11 billion hit to U.S. GDP.
4. CryptoQuant CEO responds to platform data anomalies: failed to timely address Coinbase wallet migration; will execute data updates.
5. The Uniswap community has passed a proposal regarding the launch of a trading fee temperature check.
Trading Insights
Share 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.
Reject full positions; the maximum holding should be 50%, leaving 50% for opportunities.
Do not exceed three trades in a single day; control your hands.
Do not average down; withdraw immediately if down 30%, indicating a wrong timing.
Set a 30% stop loss; close positions unconditionally if broken, do not hold.
Do not cling to K-lines; enter and exit quickly.
Go with the trend; only trade mainstream coins, avoid altcoins.
Twelve Lifesaving Mantras in Crypto (Must Remember)
Don’t panic during a big drop in the morning; a rebound is likely in the afternoon.
Reduce positions during a big rise in the afternoon; a pullback is likely at night.
Volume contraction in rising/falling trends likely continues.
Price rises before major meetings/good news; it’s easy to drop after the news lands.
Domestic big drops during the day can be bottomed; at 21:30, foreigners may pump.
Look for spikes in buying/selling; the deeper the spike, the stronger the signal.
Heavy positions are prone to liquidation; will be closely "watched" by exchanges.
Short positions often drop after stop loss; the market maker may "trick" you out.
Rebounds near liquidation often stop suddenly; market makers won’t let you close easily.
After taking profits, the market often rises; need to "lighten" before rising.
You are prone to a crash when excited; 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 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 when it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
The market has become more favorable regarding expectations for U.S. stocks on Monday and the Fed's interest rate cuts in December. There were concerns about a potential bloodbath over the weekend, but thanks to Williams, we are now looking at the market's performance after Monday's opening. The Asian market should not be too bad; the focus is mainly on the U.S. market tonight, as the heaviest selling recently has been by Americans.
Last week, the weekly candle closed with a long lower shadow, marking four consecutive weeks of decline with increased volume. This week shows a bullish candle rebound, with key resistance at 91,000 (weekly downtrend channel midline + lower Bollinger band + FVG gap). The daily chart shows a small double bottom structure, with slightly increased volume, indicating a potential rebound to test the upper resistance of the descending channel. Continue to monitor for a second retest of support around 83,600-81,600 (previous low support + channel midline); daily indicators MACD and RSI show signs of oversold recovery; short-term focus on the 4-hour chart for trading opportunities.
In the short term, on the 4-hour level, a W-bottom neckline has been broken, forming a bottom breakout structure and a 4-hour ascending channel. The next resistance to watch is around 89,500 (also an FVG gap); if broken, the next resistance level is around 91,500 (downward consolidation platform and FVG gap).
Support below is around the channel's lower boundary at 85,500 (neckline retest) and the lower low consolidation range of 83,500-81,500. Be cautious of the possibility of breaking the channel's lower boundary, forming a descending flag pattern, with a target around 78,000. Indicators show that both MACD and RSI are recovering upwards, supporting a rebound.
ETH
Analysis
Next Thursday and Friday are Thanksgiving and Black Friday; the U.S. stock market will be closed on Thursday and open for half a day on Friday. Therefore, the main trading days next week will be the first three days. If there are no unexpected events, next week should be relatively easy, but as we enter December, the difficulty will start to increase.
Last week, ETH saw a volume increase and a decline; this week shows a bullish candlestick with a doji pattern. The key rebound target is 2,950 (FVG gap); if it stabilizes, we can look for 3,150 (upper channel boundary). On the daily chart, it is within a descending channel, currently close to the midline at 2,820, with upper resistance at 2,920 (upper channel boundary + FVG). If it faces resistance, it may retest the previous low support at 2,620; MACD and RSI show recovery 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 a certain lag; if you have any questions, feel free to consult.
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