Cryptocurrency News
February 9 Highlights:
1. USDC Treasury burns 50 million USDC on the Ethereum chain.
2. D.O.G.E has taken over and deleted the X platform account and homepage of the U.S. CFPB.
3. CoinFund CEO: The Web3 field is addressing key technical challenges in AI, distinguishing itself from speculative AI concept meme coins.
4. Ripple partners with Revolut and Zero Hash to expand the application scenarios of RLUSD stablecoin.
5. Hong Kong's investment immigration program officially recognizes Bitcoin and Ethereum as proof of assets.
Trading Insights
What to do if you're stuck in a trade? Here are a few methods to get out!
- Based on your current positions:
- If you are slightly stuck, you can use a rebound to exit or reduce your position at a high.
- If you are deeply stuck, you can consider building a position at a high or averaging down to lower your average cost, thus gaining psychological control before the market moves.
- Based on the trend of the purchased coin:
- If the coin is in a downtrend, once the downtrend is confirmed, it is advisable to cut losses immediately; do not hold onto false hopes. Hesitation may lead to deeper losses, making it hard to recover.
- If the coin is in a balanced oscillation trend, there is no need to cut losses immediately. Patiently wait for the coin to enter a high point in the oscillation cycle; once you are close to breaking even or have minimal losses, decisively exit.
- If the coin is in an uptrend, there is no need to cut losses; hold it patiently for a while, and it will likely recover and may even yield significant profits.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades from the Big White Community's trading group this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from when it was issued.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin's daily chart rose from a low of around 95,650 to a high of around 96,900 yesterday, closing around 96,450. The support level is around 94,500; if it breaks, it could drop to around 92,200. A pullback can be used to buy near this level. The resistance level is around the MA90; if it breaks, it could rise to around the MA60. The MACD shows a decrease in bearish momentum. The four-hour support level is around 95,900; if it breaks, it could drop to around 94,850. A pullback can be used to buy near this level. The resistance level is around the MA30; if it breaks, it could rise to around 98,000. The MACD shows an increase in bullish momentum.
ETH
Analysis
Ethereum's daily chart rose from a low of around 2,590 to a high of around 2,670 yesterday, closing around 2,630. The support level is around 2,590; if it breaks, it could drop to around 2,470. A pullback can be used to buy near this level. The resistance level is around the MA7 moving average; if it breaks, it could rise to around 2,825. The MACD shows a decrease in bearish momentum and signs of a golden cross forming. The four-hour support level is around the MA7 moving average; a pullback can be used to buy near this level. The resistance level is around the MA30; if it breaks, it could rise to around 2,890. The MACD shows an increase in bullish momentum, forming a golden cross.
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 may have some lag. If you have any questions, feel free to consult.
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