Cryptocurrency News
July 17th Hot Topics:
1. Trump bets on driving @Polymarket to set a trading volume record.
2. After a court order, Craig Wright updates his website to admit that he is not the creator of Bitcoin, Satoshi Nakamoto.
3. Deribit will launch Bitcoin and Ethereum options to bet on the US election.
4. JPMorgan: The value of Bitcoin mining stocks is rising faster than the amount of BTC they produce.
5. Kraken: Mt. Gox Bitcoin repayment will arrive before August.
Trading Insights
How should beginners ride the potential coins to escape being "leeks" in a bull market? You must read this! It will be very inspiring for you! 1. In a bull market, the hotter the coin (often accompanied by high control), the faster it falls and rises! 2. Real potential coins and bottom coins are rarely promoted, but only a small number of people occasionally shout at the bottom (such as last year's C98 and LEVER)! 3. The trend of the cryptocurrency market is always a gentle curve when viewed as a whole. 4. The methods of manipulating the market by the whales of altcoins are generally similar, usually involving a sharp drop followed by a slow rise. 5. If a new coin listed on an exchange experiences a sharp rise followed by a sharp fall, then it should not be touched! 6. Buy when it falls, sell when it rises, this is very normal. If you can't handle this level of fluctuation, then you should consider your own mindset! 7. When you buy in and it doesn't fall but instead rises, and then suddenly starts to pull back after you have gained 5%-20%, it means it's time to start harvesting this coin. 8. The most aggressive price rebounds are often not from potential coins, but from "leek" coins (zro). 9. In a bull market, some potential coins may have a mediocre performance in the first half, but in the second half, they often start a several-fold increase. In a bull market, if a coin has experienced a several-fold increase and still remains stagnant for several months, then it is probably a potential coin! The trend of the cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. When investors participate in cryptocurrency investments, they should fully understand the related risks, maintain a calm and rational mindset, and respond to market changes with a steady strategy!
LIFE IS LIKE A JOURNEY ▲
Below are the real trading group orders from Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going well, you can come and try it out.
Real data, each order has a screenshot taken at that time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin dropped to around 62400 yesterday and then closed above the MA60. It broke through the 65000 mark and is expected to challenge the 70000 mark. Do not attempt to enter any short positions before breaking through the 70000 mark. The support is near the MA120. If there is a pullback, positions can be built near this level. The bottom support can be observed near the MA90. The MACD shows a bullish increase. The four-hour chart is above the MA360. If there is a pullback near this level, positions can be built. The top pressure can be observed around 0.618 (near 68000). Short-term positions can be added near 65280-64600. The rebound target can be seen near 66800-68000.
ETH
Analysis
Ethereum dropped to near the MA90 yesterday and then closed around 3444. If there is a pullback, positions can be built near this level. Currently, the pressure is near the MA60. If a breakthrough occurs, it can move up to around 3530. The MACD shows a bullish increase. The four-hour support is near the MA360. If it falls below, it will move down to near the MA7. If there is a pullback, positions can be built near this level. The MACD shows a bearish crossover. Short-term positions can be added near 3492-3450. The rebound target can be seen near 3530-3575.
Disclaimer: The above content is for personal 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 ask for advice.
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