Cryptocurrency News

March 7th Hot Topics:

1. Chairman of the US CFTC: If Congress passes the FIT Act, there is confidence in establishing a cryptocurrency regulatory framework within 12 months.
2. Founder of Galaxy Digital: Bitcoin will reach $100,000 this year.
3. BitMEX Research: Approval of ETFs may not be as important for Ethereum as it is for Bitcoin.
4. Musk: OpenAI renamed to ClosedAI, I will withdraw the lawsuit.
5. A new address bought $2.97 million worth of RBN in the past hour.

Trading Insights:

1. Always be an honest and objective person in the market, neither deceiving others nor deceiving oneself. Be sincere in dialogue with the market, love the market, and learn to be a friend of the market.
2. The market is a school that one can never graduate from. Always maintain a humble and cautious attitude. Keep a calm mind and be an ordinary person. Always have a sense of awe for the market.
3. Contentment brings lasting happiness. There is endless money to be made in the market, but more money can also be lost.
4. Always maintain the ability to perceive good things and find joy in the trading process.
5. Always believe in yourself. In the market, only you can control your own destiny. Be unfazed and compete only with yourself.
6. The market is always right. Believe in the market facts you see. Also, remind yourself that anything can happen in the market.
7. Firmly believe in the power of market trends. Going with the trend is half the battle, going against it will ultimately be unlucky.
8. The most important thing in the market is the ability to survive. As long as you are alive, there is an opportunity. Safeguarding capital should be the primary goal. Be brave enough to admit mistakes to the market and avoid unnecessary losses due to a single misjudgment.

Search for the public account: Big White Coin

BTC

Analysis:

Bitcoin made a V-shaped rebound yesterday, reaching a high near 67610 before falling back. It dropped to the support level around 64640. Congratulations to friends who followed yesterday's strategy. Currently, the price is running near 66122. The four-hour chart rebounded without breaking the previous high and then fell again. The MACD is running bearish, with the two lines crossing downwards. There is still a demand for a short-term decline in the trend. Pay attention to the support of the MA30 moving average below. If it doesn't break, you can go long. The probability of a short-term high is not high, and it is expected that the market will enter a period of consolidation. After the consolidation, it will rise again. Short-term focus on the range of 60000-68000. If it doesn't break, you can operate with more short positions and fewer long positions. Resistance above is at 66700-67600, and support below is at 64500-63000.

ETH

Analysis:

After a retracement and washout, Ethereum stretched again yesterday, breaking through the new high to around 3900 but was resisted and fell back to the support level around 3724. Congratulations to friends who followed yesterday's strategy. Currently, the price is running near 3764. The high points on the four-hour chart are gradually decreasing, and the candlesticks are falling continuously. The MACD is gradually decreasing, and there are signs of a bearish crossover. The market failed to continue after breaking the previous high, and the short-term trend tends to retrace. Pay attention to the support at 3680 below. The daily chart shows a long doji, forming a double top and falling back. The probability of a breakthrough within the day is not high, and it will undergo a round of retracement and repair. It is expected that the space will not be too large. After confirming the support of the retracement, it will continue to rise and break through. The strategy suggests focusing on long positions with short positions as a supplement. Resistance above is at 3820-3880, and support below is at 3730-3600.

Disclaimer: The above content is for personal opinions only and is for reference only. It does not constitute specific operational advice and does not 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。