Cryptocurrency News
January 30th Hot Topics:
- Data: Bitcoin spot ETF GBTC saw a outflow of $192 million on the 12th day
- dYdX Foundation applies for a $30 million operating budget from DAO within three years
- Bitcoin spot ETF 12th trading day: Total trading volume of $1.56 billion, GBTC leads the way with LINK
- Data: Other 9 ETFs besides GBTC purchased nearly 140,000 BTC in 11 trading days
- Net inflow of $255 million on the 12th day of Bitcoin spot ETF
Trading Insights:
- Trade when in a relaxed and good state of mind, and avoid operating when emotions are out of control
- Long-term profitability is the result of more wins than losses. Acknowledge and accept failed trades, and avoid blindly holding positions
- Do not participate in trading during intense market crashes and rapid rallies. Acting without a strategy or plan is like trying to get a chestnut from the fire
- For trades with a small risk-reward ratio, maintain a light position; for trades with a large risk-reward ratio, maintain a heavy position with confidence, and consider using low leverage as appropriate
- Set profit and stop-loss for each trade, even if unable to determine through analysis, set based on psychological expectations
Search for the public account: Big White Coin
BTC
Analysis:
Bitcoin's fluctuation was not significant yesterday, showing overall oscillating trends. The lowest point in the evening retraced to the support level around 41800 and rebounded. The market then continued to rise, reaching a high of 43787 but was resisted. Congratulations to friends who followed yesterday's strategy and gained 800 points in long positions. Currently, the price is running near 43450. The 4-hour candlestick chart shows continuous positive trends, with the MA7 turning upwards and crossing multiple moving averages, and the MACD showing a bullish trend with a golden cross of the two lines. It is evident that the bulls are relatively strong, with minor retracements. The short-term trend still leans towards the bulls. If the previous high is not broken in the evening, a second upward movement or a retraction after a pin is expected. The daily chart shows a bearish-to-bullish reversal with indicators in a golden cross state, and the bulls are stepping up to break through the MA30 resistance. If it can hold steady, there is still a wave of highs to come. The upper resistance is at 44500, and if it is not broken, short positions can be considered. However, the long-term strategy is still mainly long and partially short. The upper resistance is at 43800-44500, and the lower support is at 43000-42500.
ETH
Analysis:
Ethereum's overall trend is weaker than Bitcoin. The lowest point in the evening retraced to the support level around 2234 and rebounded. The bulls' rally reached a high of 2327 but was resisted. Congratulations to friends who followed yesterday's strategy and gained 80 points in long positions. Currently, the price is running near 2313. The 4-hour chart shows a resistance breakout and a retracement, with candlesticks turning positive after consecutive negatives. It is evident that the retracement is not significant, and there is support from the MA60 below. The MACD shows a bullish trend with a golden cross of the two lines. Although the short-term rise is sluggish, the bulls still exist. There is an expectation of a breakthrough of the previous high in the evening, and short positions need to be cautious. Looking at the daily chart, the MA60 moving average, which was a strong support in the previous period, has now turned into resistance. If it can hold steady, there is still a demand for upward movement, but it currently does not have an independent trend and still depends on Bitcoin's performance. The strategy is consistent with Bitcoin, mainly long and partially short. The upper resistance is at 2330-2360, and the lower support is at 2300-2260.
Disclaimer: The above content is for personal opinions only and is for reference only. It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
