Cryptocurrency News

March 11 Highlights:

1. Ethereum's liquidity re-collateralization protocol TVL surpasses $6 billion.
2. The probability of the Fed maintaining interest rates in March is 97%.
3. Cathie Wood: Bitcoin will surpass $1 million before the expected year of 2030.
4. An address that has been dormant for over eight years transferred 2,352.62 BTC yesterday.
5. Circle mints 250 million USDC on the Solana chain.

Trading Insights

Investing is not about excelling in one aspect, but about whose weaknesses are fewer and whose understanding is more systematic. This is the key to self-cultivation for investors. The difference between experts and ordinary retail investors lies in:

1. Experts pursue unmistakable upward trends and aim to avoid clear downward trends. Many ordinary retail investors act before they believe they understand the rise and fall, often resulting in mistakes.
2. When the market is uncertain about the upward and downward trends, experts choose to stay absolutely empty-handed and observe, not rushing to operate, and swiftly entering when the trend becomes clear. Many ordinary retail investors frequently operate, incurring continuous losses, which become even greater when they encounter fierce main players.
3. Experts are adept at staying empty-handed, with the time spent empty-handed far exceeding the time spent holding positions. Ordinary retail investors are typically fully invested almost every day, feeling uncomfortable if not fully invested, and eagerly investing the next day as if they would miss the opportunity to make big money if they didn't.
4. Experts are good at waiting and waiting again for the arrival of a great opportunity, then striking with full force. Ordinary retail investors do not wait, considering it a waste of time, and toil every day. They cannot bear to stay still for a day, and the principle of speculation becomes a habit. Any slight movement becomes irresistible.
5. The level at which experts read the market is higher than that of ordinary retail investors, with a lower probability of making mistakes. Moreover, the speed at which they correct mistakes is faster than that of ordinary retail investors, without making excuses even if they make mistakes.

Search for the public account: Big White Coin

BTC

Analysis

Bitcoin exhibited an oscillating upward trend yesterday, reaching a high of 69868 before falling back. The price then began to decline, reaching a low around 67080 before rebounding. Congratulations to friends who followed this strategy and profited from short positions by 2000 points. Currently, the price is running near 68540. On the four-hour chart, the second upward movement did not break the previous high and formed a pullback. The downward continuity is not strong, and the price pulled back again. It is evident that the MA30 support is relatively strong, and the overall trend is still bullish. The MACD shows no significant volume operation, with the short-term trend leaning towards a range of oscillation between 70,000 and 66,600. The bottom of the daily chart is gradually rising. If it falls below the MA7, it may stagnate in a sideways pattern in the short term. If chips are available at the low, entering in batches is advisable. The future still looks promising for a breakthrough upwards, with resistance at 69300-70000 and support at 67500-66600.

ETH

Analysis

Ethereum's trend is consistent with Bitcoin's. Yesterday, the second upward movement did not break the previous high, reaching a high of 3963 before being resisted. The price then oscillated and fell back to the support level of 3730. Congratulations to friends who followed this strategy and profited from short positions by 200 points. Currently, the price is running near 3854. On the four-hour chart, after a narrow range of oscillation, it chose to test the box support and then quickly recovered. The MACD gradually increased in volume, and the short-term indicators are leaning towards a decline, but the support below is relatively strong, with a low probability of continuation. There is a possibility of a long lower shadow on the four-hour chart. If it can hold above 3800, it will continue to oscillate. After the short positions are exhausted, it will gather strength for another upward movement. The overall direction is still dominated by the bulls, and the strategy suggests focusing on buying on dips, with resistance at 3900-3950 and support at 3800-3700.

Disclaimer: The above content is purely personal opinion and is 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 there is anything you don't understand, feel free to consult.

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