5.4 Bitcoin continues to decline, the altcoin market collectively crashes, Ethereum chain activities revive.

CN
7 hours ago

Cryptocurrency News

May 4th Highlights:

1. Buffett: We should seek trade with other countries; trade should not be used as a weapon.

2. Ethereum L2 Superseed: Plans to open SUPR token claims on May 5th.

3. AdTech company Thumzup plans to raise $200 million to expand its Bitcoin treasury.

4. Strategist: Powell's press conference next Thursday may maintain a hawkish stance to counter claims of White House influence.

5. CME Group's April crypto derivatives trading volume increased by 129% year-on-year, with ETH futures leading the way.

Trading Insights

          Insights from years of experience in the cryptocurrency space to help you enhance your understanding!

  1. Capital management is key; only invest spare money, never go all-in, and keep enough "bullets" to handle risks.

  2. Trend trading rules: focus on potential altcoins in a bull market, hold onto BTC in a bear market; enter decisively on pullbacks to moving averages.

  3. Avoid deadly traps: do not average down on losing junk coins, cut losses in time; don’t blindly follow hot trends, be careful not to become a bag holder.

  4. Signal capture: key bottoms with volume are starting signals, keep a close watch; learn to wait with no position, don’t enter without clear signals.

  5. Understanding determines returns: only engage with familiar coins, don’t gamble on "unfamiliar tracks."

  6. Emotional management: stay unaffected by market fluctuations; be cautious of risks when most people are euphoric, and maintain calm rationality.

  7. Strategy execution is paramount: build a dedicated trading system, execute strictly, refuse frequent trading, and focus on capturing major trends.

  8. Altcoin survival guide: sharp rises will correct, sharp falls may not rebound; selecting coins wisely is more crucial than luck.

  9. Information discernment principle: treat news as reference only, think independently, and don’t bet everything on unverified opportunities.

  10. Investment mindset: fundamentally, investing is a marathon; a good mindset leads to steady progress, accept the possibility of losses to go further.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community 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 sent.

**Search for the public account: *Big White Talks Coins*

BTC

Analysis

Bitcoin's daily line fell from a high of around 96850 to a low of around 95700 yesterday, closing around 95800. The support level is near the MA7 moving average; if broken, it could drop to around MA14. A pullback can be used to enter long positions nearby. The resistance level is around 97000; if broken, it could rise to around 98800. A rebound to this area can be used to enter short positions. The four-hour support is near MA60; if broken, it could drop to around MA90. A pullback can be used to enter long positions nearby. MACD shows a decrease in bearish momentum; short-term entry can be made at 95160-94220 for long positions, with rebound targets around 96900-98800. A rebound to 97000-98800 can be used to enter short positions, targeting around 95200-94200.

ETH

Analysis

Ethereum's daily line fell from a low of around 1850 to a low of around 1805 yesterday, closing around 1835. The support level is near MA14; if broken, it could drop to around MA30. A pullback can be used to enter long positions nearby. The resistance level is around 1865; if broken, it could rise to around 1900. A rebound to this area can be used to enter short positions. MACD shows a decrease in bullish momentum. The four-hour support is near MA60; if broken, it could drop to around MA90. A pullback can be used to enter long positions nearby. MACD is oscillating and flattening, with dual lines converging. Short-term entry can be made at 1786-1753 for long positions, with rebound targets around 1890. A rebound to 1868-1900 can be used to enter short positions, targeting around 1785.

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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Bitget:注册返10%, 送$100
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