Cryptocurrency News
January 8 Hot Topics:
1. According to Coinglass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $542 million, with long positions liquidated at $484 million and short positions liquidated at $57.42 million.
2. BIT Mining enters Ethiopia, utilizing low electricity prices to extend the lifespan of mining machines.
3. Sol Strategies has secured a $25 million credit line for investment and staking expansion in Solana.
4. Garanti BBVA Kripto collaborates with Bitstamp to advance cryptocurrency trading services.
5. Backpack acquires FTX EU and compensates EU users.
Trading Insights
In the cryptocurrency world, earning a principal of 1 million is a key step to changing one's fate. For many, the rolling strategy is the only choice to grow from tens of thousands to 1 million. Why is 1 million considered a starting point? Once you have a principal of 1 million, your investment perspective and life will be completely different. Without leverage, a 20% increase in spot trading can yield a profit of 200,000, which exceeds the annual income of most people. The core secret of rolling positions:
Patience is key: The profit potential of rolling positions is enormous, but this path requires finding high-certainty opportunities. Impulsive and random operations significantly increase the risk of failure.
Choose the right timing: A sideways market after a sharp decline, followed by a breakout, is the best opportunity for rolling positions. After a trend reversal, decisively enter the market from the start.
Only roll long positions: Focus on long positions to reduce the impact of market volatility. Going with the trend is the way to achieve stable success. The risks and misconceptions of rolling positions: Many people believe that rolling positions are very risky, but they are actually much lower than high-leverage futures. For example, with a principal of 50,000:
An initial 10% position with a stop loss of only 2% means a maximum loss of 1,000.
If the market moves favorably, each increase can compound the position; for instance, from 10,000 to 15,000, profits can multiply several times.
The entire process steadily increases the principal with low risk, rather than going all in. So what is the significance of rolling positions? Capturing two waves of 50% trend movements can turn 50,000 into 1 million. The rolling growth from principal to profit not only helps you establish a foothold in the cryptocurrency world but also lays a solid foundation for every future investment. The key lies in rationality, patience, and precise grasp of market opportunities.
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades from the Daba Community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and try it out.
The data is real, and each trade has a screenshot from when it was issued.
Search for the public account: Daba Discusses Currency
BTC
Analysis
Bitcoin's daily chart showed a waterfall decline yesterday, dropping from a high of around 102,800 to a low of around 96,150, closing around 96,950. The support level is around 94,500, and a pullback can be used to enter long positions nearby. The resistance level is around the MA30; a rebound to this area can be used to enter short positions. The MACD shows a decrease in bullish momentum and indicates signs of a death cross. The four-hour chart shows support near the MA360 yearly line; if broken, it can drop to around 95,000. A pullback can be used to enter long positions nearby. The resistance level is around the MA200; if broken, it can be seen at the MA14. The MACD shows an increase in bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily chart showed a waterfall decline yesterday, dropping from a high of around 3,700 to a low of around 3,355, closing around 3,380. The support level is around the MA90; a pullback can be used to enter long positions nearby. The resistance level is around the MA14; if broken, it can be seen at the MA30. The MACD shows a decrease in bullish momentum and indicates signs of a death cross. The four-hour chart shows support near 3,215; a pullback can be used to enter long positions nearby. The resistance level is around the MA120; if broken, it can be seen at the MA360 yearly line. The MACD shows an increase in bearish momentum.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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