Crypto News
July 27th Hot Topics:
1. Michael Saylor predicts that the market value of Bitcoin will reach $280 trillion by 2045.
2. Goodbye to the Bitcoin emoji: Elon Musk removes the "special" tag on Twitter.
3. Short sellers of GameStop and Nvidia face SEC and criminal fraud charges.
4. CNBC: The market expects the Federal Reserve to cut interest rates three times before the end of the year due to recent improvements in inflation data.
5. Laser Digital, a subsidiary of Nomura Securities, plans to launch a fund in September as an alternative to Ethereum spot ETF.
Trading Insights
I have roughly summarized the seven main reasons for the losses of retail investors: 1. Lack of investment knowledge may lead to errors in decision-making due to insufficient understanding of the investment market and tools, resulting in losses. 2. Emotional trading may lead to impulsive trading decisions influenced by emotions, resulting in losses. 3. Lack of risk management awareness may result in the absence of a comprehensive risk management system, failure to set stop-loss points, and lack of risk control measures, leading to losses. 4. Following the crowd may result in panic-driven operations influenced by others' speculation and market hotspots, resulting in losses. 5. Short-sighted investment may lead to overlooking the need for long-term investment and focusing only on immediate benefits, resulting in losses. 6. Lack of a firm investment strategy may lead to blind following or ignorant operations due to the absence of a clear investment strategy and goals, resulting in losses. 7. Lack of trading discipline may lead to arbitrary modifications and adjustments to one's trading plan and rules, resulting in losses.
LIFE IS LIKE A JOURNEY ▲
Below are the real trading signals from the Da Bai Community this week. Congratulations to the friends who followed. If you are not doing well in your operations, you can give it a try.
The data is real, and each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
The daily chart of Bitcoin saw a rebound yesterday, rising to around 68,200 and closing below 68,000. The support below is near the MA7 moving average. If there is a pullback, positions can be built near this level. If it stabilizes above 68,000, it can move towards 70,000. The MACD shows a bullish increase. The four-hour chart broke through the downward trend line, with support near the MA30. Buying can be considered near this level after a pullback. After multiple tests at 68,000, it formed resistance. In the short term, buying near 67,180-66,600 can be considered, with targets around 67,750-69,700. Short selling can be considered if it rises to 69,700-70,500, with targets around 68,800-67,500.
ETH
Analysis
Ethereum saw a rebound on the daily chart, rising to near the MA30 and forming resistance. The support below is near the MA200. If there is a pullback, positions can be built near this level. The MACD shows an increase in bearish momentum and a death cross. The four-hour chart has support near the MA14, and buying can be considered near this level after a pullback. The resistance is near the MA7, and if a breakthrough occurs, it can move towards the MA120. The MACD shows an increase in bullish momentum and a golden cross. In the short term, buying near 3,207-3,178 can be considered, with rebound targets around 3,230-3,258.
Disclaimer: The above content is for 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 ask for advice.
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