Crypto News
March 26th Hot Topics:
- Xu Zhengyu: Will ensure the sustainable growth of cryptocurrencies
- BTC options with a nominal value of $9.45 billion will be settled on Friday
- Grayscale's GBTC Bitcoin holdings drop below 350,000 BTC
- SWIFT plans to launch a new central bank digital currency platform in the next 1-2 years
- 650 million DOGE transferred from an unknown wallet to Robinhood in the past ten minutes
Trading Insights
How to plan the correct stop-loss and take-profit levels? Do you understand the importance of stop-loss?
Dislike the consequences of setting stop-loss: In fact, no one really likes to set stop-loss because it carries the risk of being liquidated. However, some people hold a mentality of luck, believing that the market will rebound or fall back, and they resist setting stop-loss to recover losses. In reality, not setting stop-loss carries the risk of being trapped, which is not far from liquidation. Setting stop-loss is a measure to avoid market reversal and prevent further losses after misjudging the market.
Trading with high or full position carries risks: There are always risks in investment, as all investment enthusiasts know. However, if you always trade with a high or full position, the risk will be greater. You may make profits on nine trades out of ten, but the loss on that one trade may wipe out your entire capital. We need to control risks and trade prudently for profits, rather than blindly and recklessly, resulting in substantial losses.
Search for the public account: Big White Coin
BTC
Analysis
Bitcoin showed a rebound trend yesterday, with the price dropping to around 66780 multiple times during the day without breaking through. In the evening, it started to rebound and rose to the 71130 level, congratulations to friends who followed this strategy for earning a maximum profit of 8000 points. Currently, the price is running around 70500, and the four-hour chart shows a sharp breakthrough of multiple resistances, with the MA7 turning upwards and the MACD running in a bullish trend. A short-term resistance formed a double top and fell back, but the intensity is not significant. It is expected to oscillate and rise again after a pullback to repair the MA7 moving average. If the daily chart stabilizes above 70,000, it will test the new high position again. When breaking through, be cautious of chasing after a false breakthrough and pullback. Long-term low positions should continue to hold, with low positions as the main focus and high positions as secondary. Resistance above: 72000-73500, support below: 70000-69000.
ETH
Analysis
After hitting a low of 3420 yesterday, Ethereum found support and rebounded, reaching a high of 3660 but was resisted. Congratulations to friends who followed this strategy for earning a maximum profit of 500 points. Currently, the price is running around 3630. The four-hour chart is generally above the MA7 moving average, but is clearly resisted by the MA120 moving average. The MACD is running in a bullish trend with a golden cross, and the retracement is not significant. The probability of a breakthrough after oscillation is high. Looking at the daily chart, the bearish trend is gradually decreasing, and a short-term bottom is forming. It is expected that this wave will break through the previous high and form the head of a head and shoulders pattern. There is still a lot of room for upward movement in the future. Long-term positions should continue to hold, with low positions as the main focus and high positions as secondary. Resistance above: 3700-3810, support below: 3560-3460.
Disclaimer: The above content is for personal opinions and reference only. It does not constitute specific trading 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.
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