Cryptocurrency News
May 16 Highlights:
1. Telegram shuts down Asia's largest crypto black market Haowang Guarantee
2. BlackRock's sBUIDL achieves first DeFi integration with Euler protocol on Avalanche
3. Wisconsin Investment Board liquidates BlackRock's Bitcoin spot ETF, holds Coinbase stock
4. U.S. Department of Justice continues to prosecute Tornado Cash co-founder, drops some charges
5. GENIUS Act amendment draft restricts stablecoin issuers from using government-related names, tightens conditions for tech companies to issue
Trading Insights
The ultimate principle of trading is "Simplicity is the ultimate sophistication," without all the frills! 1. Trading mindset: No complaints, no fantasies, no impatience before the signal appears; when the signal appears, no greed, no arrogance, no hubris. These few words encapsulate the essence of trading. 2. Waiting for the right moment: True traders are good at waiting, not trading at all times. Market opportunities are not always present; opportunities are granted by the market, not created by humans. Most people cannot endure market silence and force trades in the absence of trends, resulting in failure. 3. Profit and risk control: After making a profit, many people become complacent due to greed and arrogance, increasing their positions and violating principles, ultimately giving back profits or even losing their capital. Trading should be steady; take what the market gives. 4. Trading strategy: Trade with the trend, not against it. Take action when it's time to act, take profits when it's time to take profits, and exit when it's time to exit. Skilled traders enter the market as circumstances allow, not fixated on outcomes, and understand how to control their mindset. If trading causes anxiety, reflect on whether you are following the trend or going against it, waiting for signals or fantasizing about opportunities, trading based on strategy or emotions.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades from the Daba Community's live trading group this week. Congratulations to the friends 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: *Daba Talks Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 101250 to a high of around 104150 yesterday, closing around 103700. The support level is around 101700; if it breaks, it could drop to around MA14. A pullback can be bought near this level. The resistance level is around 106300; a rebound to this level can be shorted. MACD shows a decrease in bullish momentum, indicating a potential death cross. The four-hour support level is near the MA7 moving average; if it breaks, it could drop to around MA60. A pullback can be bought near this level. MACD shows a decrease in bearish momentum, indicating a potential golden cross. Short-term buying can be done around 101720-100730, with rebound targets around 103500-104800. A rebound to around 106300 can be shorted, with targets around 102500-100730.
ETH
Analysis
Ethereum's daily line fell from a high of around 2645 to a low of around 2475 yesterday, closing around 2550. The support level is around 2555; if it breaks, it could drop to around 2505. A pullback can be bought near this level. The resistance level is around MA200; if it breaks, it could rise to around MA360. A rebound to this level can be shorted. MACD shows a decrease in bullish momentum. The four-hour support level is near MA30; if it breaks, it could drop to around 2500. A pullback can be bought near this level. MACD shows a decrease in bearish momentum. Short-term buying can be done around 2557-2507, with rebound targets around 2635-2700.
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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