Crypto Circle News
February 1 Hot Topics:
1. The ETH liquidation price for Trend Research, owned by Yi Lihua, is approximately $1558, with a lending position health of 1.34.
2. CZ unfollowed Solana co-founder Toly, sparking discussions in the community about the neutrality of the Binance ecosystem.
3. JustLendDAO has launched WBTC market supply mining activities.
4. StepFinance was hacked, with approximately $30 million in SOL stolen.
5. Neo founder Da Hongfei: has stopped the debate with Zhang Zhengwen and will release a preview of the financial report before February 15.
Trading Insights
Trend investing focuses purely on market trends, observing capital momentum, and aligning with the economic conditions of the asset. When the trend is clear, follow the trend for profits or stop losses, primarily earning from the trend.
Value investing looks solely at the future growth potential of the asset, paying little attention to short-term PE ratios. If the pricing over the next 5 or even 10 years shows significant potential, regardless of current high or low prices, buy and hold, primarily earning from the long-term growth of the asset.
Quality investing focuses on the deviation between the asset's price and value. Buy more as the price falls significantly below actual value, and gradually sell as the price returns, primarily earning from the correction of mispricing.
Each strategy has its pros and cons, and performance varies greatly across different market styles. 1 is more suited for fast-switching styles in volatile markets, 2 is suitable for large trends, 3 often performs better than indices in bear markets, and 4 is more of a versatile warrior.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White community this week. Congratulations to the friends who followed along. If your trades are not going well, 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 Coins*
Bilibili and YouTube account: Daquan 777
BTC
Analysis
Today, the price has dropped below the MSTR cost of $76,000, but it has not yet fallen below mNAV. If it does, it can be considered. Generally, if there is no change in fundamentals, it is likely that liquidity will return on Monday, leading to a rebound. I am not sure if this will happen, but I have bought in myself; this price is still attractive to me. If it falls below $70,000, I will continue to buy. I was just discussing with friends that the average cost of Bitcoin for the US ETF is around $70,000, and if it falls below $70,000, many miners will have to shut down.
Looking back at Bitcoin's data, the price has dropped significantly, and the turnover rate is quite high, especially since such a large turnover likely started in the US trading timezone. It is still unknown what the attitude of Asian investors will be in the morning. If Asian investors panic as well, it could lead to another large liquidation, with the focus still on Monday.
The lowest point after the recent year-long rise was $74,400 on April 7. Let's see if this price will break, but from the chip structure, it still appears relatively stable, with no panic among most investors. The actual selling is mainly from short-term investors.
For short-term trades, a pullback to 74720-73220 can be a buying opportunity, with a rebound target around 78800. For long-term positions, a drop to 67188-66830 can be a buying opportunity, with a target around 72700-80000.
ETH
Analysis
Yesterday, I was worried about whether the decline would continue over the weekend, and indeed, the impact of a weekend drop is greater due to lower liquidity. It happened as expected; although the market is not open today, when $BTC experienced a significant drop, it started from the US timezone, coinciding with the usual opening time of the US stock market, indicating that this wave of selling was mainly driven by US investors.
It seems that they first liquidated US stocks and precious metals, then worried about further declines on Monday, leading to the sale of liquid assets over the weekend. If this is the case, it means that the market has already priced in next week's movements over the weekend.
A pullback to around 2188.8-2112.5 can be a buying opportunity, with a rebound target around 2450-2590.
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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