Cryptocurrency News
August 27th Hot Topics:
1. After reaching a high, BNB has consistently been the weakest presence in the top 4. It's unclear what has happened.
2. The Fractal Bitcoin project, a Bitcoin scaling solution, is scheduled to launch its mainnet on September 9th, with 80% of the tokens allocated to the community.
3. Cryptocurrency company Abra has reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay an unspecified fine.
4. Due to incentive measures driving increased activity on Solana, the market value of PayPal's stablecoin has reached 1 billion USD.
5. Against the backdrop of explosive growth in BlackRock, the market value of tokenized treasury funds has exceeded 2 billion USD.
Trading Insights
No patronage, no talent, in the cryptocurrency circle, you must endure three cycles to achieve financial freedom! The first cycle: When you first come into contact with the cryptocurrency circle, you may be attracted by stories of people getting rich or rumors on the internet. Regardless of whether you are conservative or adventurous, you may get involved. At first, the market seems to be rising every day, and you are full of hope, unaware of the risks. But good times don't last, a bear market arrives, the market plunges significantly, and you end up losing all your capital. The second cycle: After experiencing a cycle of bull and bear markets, you become more persistent and extremely eager for wealth. Amid the market's fluctuations, you start seeking information everywhere and trying to engage in swing trading. When the bull market returns, you make a decent profit, but greed may cause you to miss the best time to sell. When the bull market ends, you may still choose to hold on, anticipating the next cycle. The third cycle: After enduring another round of torment in a bear market, you have a better understanding of the market's cruelty. Most of your assets may have gone to zero, but you still stick to the cryptocurrency circle. You learn how to choose targets, judge market trends, and know when to sell amid the market's buzz. This time, you truly understand the rules of the cryptocurrency circle and can remain calm between buying and selling. In the end, you realize that you have become a millionaire, a billionaire, or even a trillionaire.
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 your trading hasn't been smooth, 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
Bitcoin gave a short entry near 64500 two days ago and has now reached the take-profit target near 63350, with a maximum price difference of 1150 USD. Yesterday, it gave a long entry near 63288 and has now reached the take-profit target near 63800, with a maximum price difference of about 500 USD. The daily chart retraced from near 64200 to near 62800. The support is near the MA60, and a long entry can be made near it. The resistance is near the MA90, and a breakthrough could lead to a move towards the MA120. The MACD is showing a decreasing bullish trend. On the four-hour chart, the resistance is near the MA7, and a breakthrough could lead to a move towards the MA14. The support is near the MA200, and a long entry can be made near it. The MACD is showing an increasing bearish trend. In the short term, a long entry can be made near 62500-61600, and the rebound target can be seen near 63300-64000.
ETH
Analysis
On the daily chart, Ethereum retraced from near 2745 to near 2680 yesterday. There have been multiple tests near the MA30, forming resistance. The support is near the MA14, and a long entry can be made near it. The MACD is showing a decreasing bullish trend. On the four-hour chart, the resistance is near the MA7, and a breakthrough could lead to a move towards the MA30. The support is near the MA90, and if it breaks, it could move towards the MA120. A long entry can be made near 2652-2608, and the rebound target can be seen near 2683-2715.
Disclaimer: The above content is for personal reference only and does not constitute specific trading 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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