Crypto News
April 23 Hot Topics:
1. The net inflow of Bitcoin spot ETF in the United States was $62 million yesterday.
2. BlackRock investment official: The Federal Reserve has room for two interest rate cuts this year.
3. 72% of people in the United Arab Emirates hold Bitcoin.
4. US presidential candidate Kennedy: If elected, will put the entire US budget on the blockchain.
5. Standard Chartered Bank analyst: Bitcoin still has the potential to reach $150,000 by the end of this year.
Trading Insights
It's better not to make money than to lose money.
Perhaps this view is somewhat negative, but it is the most effective way to profit in the current contract trading environment with many drawbacks. For individual investors, not making money and losing money are definitely two different concepts. Although you didn't make money, many times your analysis and judgment were correct. It's just that due to not daring to stick to your own views and not having enough courage to enter the market, you missed out on opportunities to profit time and time again, leaving only regret and some regrets. There will be countless opportunities in the future, as long as you can be good at summarizing past lessons and maintain a good mentality to profit. Losing money proves that your analysis and judgment were wrong, and you need to reflect on yourself. But the important thing is that it disrupts your mentality for future trading. Faced with a loss, the first thing you think about is how to avoid inquiries from family and friends. Secondly, you are angry with your own foolish behavior. Especially when you see your peers making money while you are losing money, you naturally want to do everything possible to make up for the loss and regain profits.
Real trading is very difficult for individual investors. Sometimes we often find that making a 2% profit may require a lot of effort, but losing 2% almost happens in the blink of an eye. Losing money only means losing twice the capital, while regaining profits requires earning twice the capital. Losing money itself makes you less courageous and lose confidence in your decision-making ability. The urgent need for profits makes you impulsive and not calm. In this case, the mentality of chasing losses will be intensified, the possibility of making further mistakes will be further increased, and the consequences will be even more dangerous. Therefore, it is extremely important for us to prefer not to make money than to lose money, especially when we are uncertain about the market. Only by treating every market fluctuation with a calm mind, avoiding greed and panic, not seeking to be a master of selling at the top and buying at the bottom, and only seeking to follow the trend, can we achieve success. Otherwise, it is very likely that you will soon join the ranks of "experts" who buy at the top and sell at the bottom.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
Bitcoin has been oscillating upward since breaking the previous low, and yesterday's intraday market accelerated to break through the 65,500 level, reaching a high near 67,230 before being resisted and falling back. Congratulations to friends who went long at a low for gaining a profit of 7,000 points. Currently, the price is running near 66,680. On the four-hour chart, the MA7 has turned upward and crossed above the average, and the price has followed the upward trend, indicating that the bullish trend is dominant. Currently, the price is under pressure near the MA200, forming a double top and falling back. Pay attention to the strength of the pullback. If it holds above 65,500, the market will continue to rise. Looking at the daily chart, the candlesticks have formed six consecutive positive days, testing the resistance of the MA60 average, and the shrinking volume of the short position and the convergence of the two lines indicate the possibility of a golden cross. The current trend is still within a range, and the risk is temporarily relieved. The short-term bullish trend is gaining strength. Hold onto your chips and continue to be bullish on the bull market. The resistance above is 67,700-68,300, and the support below is 65,500-64,500.
ETH
Analysis
The recent trend of Ethereum is consistent with Bitcoin, showing an oscillating upward trend. Yesterday, it reached a high near 3,235 before being resisted and falling back. Congratulations to friends who followed the long position for gaining a profit of over 200 points. Currently, the price is running near 3,200. On the four-hour chart, there have been multiple attempts to break through 3,230, but the resistance near 3,230 is strong. The long position is gradually shrinking, and the two lines are converging. Currently, there is a demand for a pullback. As long as it holds the support of MA14, the expected downward momentum will not be significant. Currently, Ethereum is relatively weaker than Bitcoin, but from the market perspective, there is a possibility of an accelerated rise. On the daily chart, the shrinking volume of the short position and the convergence of the two lines indicate the possibility of a golden cross at any time. It is expected that after stabilizing above 3,230, it will challenge the 3,320 level, and the long position should continue to hold steady. The future uptrend will definitely be good, and we look forward to Ethereum bringing us surprises. The resistance above is 3,230-3,320, and the support below is 3,170-3,100.
Disclaimer: The above content is for personal reference only and 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.
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