Cryptocurrency News
May 19 Highlights:
1. Former U.S. President Biden diagnosed with aggressive prostate cancer, cancer cells have spread to bones.
2. Bybit responds to withdrawal restrictions for users logging in with Apple ID.
3. U.S. Treasury Secretary Yellen: The U.S. is focusing tariff discussions on 18 key partnerships.
4. A man in the U.S. sentenced for hijacking SEC X account to publish false BTC ETF approval news.
5. Michael Saylor releases Bitcoin Tracker information again, may continue to increase BTC holdings.
Trading Insights
Five essential skills for making profits in the cryptocurrency market! To profit from professional trading in the cryptocurrency space, one must master the following five dimensions:
- Trend Selection: Grasp the trend direction. The trend is crucial; the cryptocurrency halving cycle occurs every four years, combined with the Federal Reserve's monetary policy factors, creating a clear trend. Mastering these two aspects and selecting the right trading trend allows for control over the larger direction.
- Coin Selection: Precisely filter targets. After determining the trend, selecting coins is key. Accumulating coins in a bear market often leads to profits in a bull market, but there are also failed projects. Quality coins can be discovered by observing the fundamentals of the coin, institutional accumulation traces, price performance, and the development of technical, emotional, and narrative factors.
- Timing: Find the right entry point. After selecting the token, one must observe the market to find entry points. Learning classic technical theories such as candlestick patterns and Dow Theory helps in obtaining suitable buying opportunities, allowing for lower-cost entries and maximizing profits.
- Take Profit: Reasonably secure profits. Precise profit-taking is not easy; a common method is to take profits in batches, leaving 10% of the position to feel the market. This secures profits while accepting market fluctuations.
- Position Management: Control the lifeblood of trading. This is crucial for survival in the cryptocurrency market and is key to sustained profitability. One can use the 334 or 235 principles to stabilize position sizes and maintain emotional balance, allowing for smooth entry and exit. There are many opportunities in the cryptocurrency market; only by mastering these five essential skills and staying clear-headed can one progress steadily and far.
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 test the waters.
Data is real, and each trade has a screenshot from when it was issued.
**Search for the public account: *Daba Discusses Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 103050 yesterday to a high of around 106600, closing below 106400. Support is near MA14; if broken, it could drop to around 101600. A pullback can be used to buy near this level. Resistance is around 106050; a rebound to this area can be used to sell. MACD shows increasing bearish momentum, forming a death cross. On the four-hour chart, support is near MA90; if broken, it could drop to MA120. A pullback can be used to buy near this level. MACD shows decreasing bullish momentum, with signs of a golden cross forming. A short-term buy can be made near 101600, with a rebound target around 106200.
ETH
Analysis
Ethereum's daily line dipped to a low of around 2310 yesterday and rose to a high of around 2585, closing near 2495. Support is around 2355; if broken, it could drop to MA120. A pullback can be used to buy near this level. Resistance is near the MA7 moving average; if broken, it could rise to MA200. A rebound to this area can be used to sell. MACD shows decreasing bullish momentum, with signs of a death cross forming. On the four-hour chart, support is near MA90; if broken, it could drop to MA120. A pullback can be used to buy near this level. MACD shows increasing 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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