Cryptocurrency News

July 22 Hot Topics:

1. WazirX: Platform trading has been temporarily suspended.

2. Lava Network: Users who have not yet claimed LAVA may not be able to receive tokens in a timely manner when the mainnet goes live.

3. Uniswap Labs: The number of contracts built on the Uniswap protocol has increased 26 times compared to 2021.

4. It seems that #Solana is being traded through ETF, and it is just a step away from 200.

5. CoinGecko Report: Q2 DEX trading volume reached 370.7 billion USD, an increase of 15.7% compared to the previous quarter.

Trading Insights

This is what you need to do to turn the tide in this bull market:

1. Necessary conditions: 2024-25 is the bull market cycle for the cryptocurrency industry. During this period, the best and most stable returns for long-term trading come from buying low and going long. Those with technical capabilities can compound their profits by timing the market cycles.
2. Choosing the right mode: How can small capital achieve rapid success? Contracts or altcoins without outstanding capabilities are not your choice. Contracts are not your choice; altcoins are your best choice.
3. Choosing the right skills: How to achieve high-profit returns with altcoins? You should have the following abilities:
4. Avoid chasing the market FOMO and patiently buy low.
5. Always maintain a high sensitivity to market hot coins (learn to distinguish whether the hot spot has sustainability).
6. In a non-bull market, avoid selecting unpopular coins; leading sectors can ensure your risk resistance.
7. Anticipate the speculation of individual sectors and proactively position yourself in sectors that may be speculated in the future.
8. Familiarize yourself with the interrelationships of various sectors to stay ahead in rotational markets.
9. If capable, consider investing in an altcoin; research and understand whether the team behind it is active, vibrant, and backed by large capital, etc.
10. … I will add more in the future!
11. Pay attention to the upcoming series of articles by the Lighthouse: Altcoin Spot Buying Plan Series. Follow my recommended altcoins and buying points, divide the funds to be prepared for purchase into several parts, and allocate positions reasonably.

LIFE IS LIKE A JOURNEY ▲

Below are the real-time group orders of Da Bai Community this week. Congratulations to the friends who followed. If your operations are not smooth, you can come and try.

Real data, each order has a screenshot taken at that time.

Search for the public account: Da Bai Lun Bi

BTC

Analysis

The weekly K-line of Bitcoin has opened. If it first reaches the area near 69500-70000, you can go short. The first target is to hold a value of about 2000 points. If it goes down first, pay attention to the possibility of going long near 66300, and consider making short-term trades in the 65800-64700 range. Capture the rebound target near 66500-67400. The daily support is near MA7. If it falls below, it may test near MA60. If there is a pullback, you can consider going long near it. The upper pressure can be observed around 0.786 (near 67850). On the four-hour chart, you can consider building a long position near the pullback of MA30 and MA360. The MACD continues to be flat, with the two lines sticking together. You can consider going long near 66288 and adding positions near 65700. If it rebounds to around 67650, you can consider going short, with the target around 66300. If it rebounds to the top near 69700, you can consider going short, with the target around 68700-67750.

ETH

Analysis

The daily K-line of Ethereum yesterday plunged to around 3410 and then rebounded to close near 3535. The bottom support is near MA90, and the upper pressure is around the 3500 level. You can consider entering a short position near it. The four-hour top pressure is near 3525. If it rebounds near it, you can consider entering a short position. The lower support is near MA30. If there is a short position, it can be used as a profit-taking target. The MACD continues to be flat, with the two lines sticking together. You can consider going long near 3385 and targeting the rebound near 3430-3465. If it rebounds to 3495-3525, you can consider going short, with the target around 3410.

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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