Crypto News
September 14th Hot Topics:
1. Coinbase initiated the advocacy organization Stand With Crypto to create an NFT legal defense fund, with a scale of 6 million US dollars.
2. Uniswap transferred 9 million US dollars worth of UNI to Coinbase Prime.
3. SEC Chairman Gary Gensler has faced multiple death threats since 2022.
4. Stablecoin protocol Usual released its roadmap, with the TGE expected in mid-November.
5. The US SEC softened its stance on the crypto bill SAB-121, allowing banks to custody customer assets in a "bankruptcy isolation" manner.
Trading Insights
Capturing these 3 key points in trading cryptocurrencies will significantly increase your success rate!
In terms of news, who is financing, who is reducing production, who has project updates, and who is receiving celebrity endorsements are all absolute positive news!
In terms of technical analysis, the relationship between volume and price is the key. Volume contraction and expansion at the top and bottom, consolidation or oscillation, objectively and clearly indicate the future trend of the cryptocurrency. Indicators provided by platforms such as MACD and KDJ generally have lagging effects and should be used as references only!
Maintaining a stable mindset is particularly crucial in practical operations. Many times, it's not that you didn't receive the news or can't analyze the technology, but rather the mentality of chasing highs and selling lows puts you in a passive position!
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 operations are not going well, you can give it a try.
Real data, each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin's daily chart showed a rally yesterday, rising from around the lowest point of 57600 to near the highest point of 60650, breaking through the 0.382 level and closing near 60500. The support is located near the MA30, and if it falls below, it may test the MA7 level. A retracement can be made near this level to build positions and go long. The resistance is near the MA60, and short positions can be taken near this level on a rebound. The MACD shows increasing bullish momentum. On the 4-hour chart, the support is near the MA200, and if it falls below, it may test the MA120 level. The resistance is near the annual MA360, and short positions can be taken near this level on a rebound. The MACD shows increasing bullish momentum and a golden cross. Short positions can be taken near 59080-58180, with a rebound target near 60000-60900. Short positions can be taken near 60400-60900 on a rebound, and the downside target can be near 59700-59000.
ETH
Analysis
Ethereum's daily chart followed Bitcoin's rally yesterday, rising from around 2340 to near the highest point of 2470. The support is near the MA14, and a retracement can be made near this level to go long. The resistance is near the MA30, and short positions can be taken near this level on a rebound. The MACD shows increasing bullish momentum. On the 4-hour chart, the support is near the MA14, and if it falls below, it may test the MA30 level. A retracement can be made near this level to go long. The resistance is near the MA120, and short positions can be taken near this level on a rebound. The MACD shows decreasing bullish momentum and signs of a death cross. Short positions can be taken near 2360, with a rebound target near 2410-2460. Short positions can be taken near 2450-2485 on a rebound, and the target can be near 2410-2383.
Disclaimer: The above content is for personal opinions and reference only. It 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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