Crypto News
May 19th Hot Topics:
1. Tether's market value surpasses that of Ping An Insurance.
2. The whale that suffered a loss of $22.45 million in the ETH/BTC exchange rate has bought 1,069 ETH again.
3. A transfer of $19.11 billion worth of SOL has occurred.
4. Bloomberg: The cryptocurrency industry has donated $94 million for the 2024 U.S. presidential election, setting a historical record.
5. Kraken: USDT will not be delisted in Europe, and there are currently no plans for delisting.
Trading Insights
When trading short-term, it's important to understand how to diversify positions reasonably.
Remember, it must be a reasonable diversification, not the more diversified, the better.
Therefore, allocate positions according to your own situation, adjust to a reasonable holding method, and ensure that you can take care of these currencies.
Heavy positions are the root of losses, and leverage is an important reason for losses.
Light positions, correct direction, long-term holding—no matter how the main force washes the market, they cannot wash you out.
Don't be impatient. A correct order, even if heavily positioned and washed out, is not as good as holding with a light position.
If the long-term direction is correct but cannot compete with the opponent in the short term, if the position is heavy, you should run quickly.
Do not heavily position easily. Only when it is certain to rise immediately and there is no possibility of error can you heavily position.
Only when it is certain that the market will start immediately can you appropriately increase the position. If only the long-term direction is certain and the short-term market sentiment is not well grasped, and it is not known when the market will start, then you must hold a light position.
The key is to be correct, not heavy.
Search for the public account: "Big White Coin"
BTC
Analysis
There was not much fluctuation over the weekend, and the overall trend was sideways yesterday. The highest point reached was 67366, and the lowest point fell to 66600. Currently, the price is running around 67000. The four-hour chart shows a high-level sideways trend, with the space gradually narrowing, the rebound high point decreasing, and the MACD showing a bearish trend with the two lines crossing downwards. The short-term trend tends towards bearish, and it is expected that the downward space is limited. The daily chart shows a short-term stagnant rise and fall, with a low possibility of a sharp drop unless there is negative news. Currently, the overall trend still leans towards bullish after the oscillation, and there is a possibility of challenging 70,000. The strategy remains the same, focusing on long positions. Resistance above is at 67800-68300, and support below is at 66500-65800.
ETH
Analysis
Ethereum's trend strengthened yesterday, breaking through the previous high once again, reaching a high of 3146 before being resisted, and falling to 3095 in the evening. Congratulations to friends who followed the strategy. Currently, the price is running around 3116. The four-hour chart shows that the upward trend is resisted, and the short-term trend is showing a downward trend. The MACD shows a decrease in the bullish trend with a crossover signal. The current trend is relatively weak and still has downward space. The overall trend shows a high-level oscillating trend, and it is expected that the downward intensity will not be too great. The daily chart shows a doji, indicating a short-term sideways adjustment phase. Pay attention to the support near 3100. If it can hold the opening line on Monday, there is still a possibility of continued upward movement. The risk has been relieved, and the next step is oscillation and upward movement. If the ETF is approved, it will definitely drive up the price of Ethereum. It is recommended to buy on dips and not miss the opportunity. Resistance above is at 3150-3200, and support below is at 3100-3050.
Disclaimer: The above content is for reference only and does not constitute specific operational advice, nor does it 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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