Crypto Circle News
May 27 Hot Topics:
1. SBF's prison sentence shortened by over 4 years, expected release date set for December 14, 2044.
2. Cambodian authorities accused of having links to the Huione Group crypto scam network.
3. Sui announces an additional $10 million security investment in response to the Cetus incident.
4. Dolomite announces the upgrade of the Ethereum mainnet's primary liquidity pool to DOLO / USD1.
5. Strategy announces the purchase of an additional 4,020 BTC, bringing their total holdings to 580,250 BTC, with a total investment of approximately $40.61 billion and an average purchase price of $69,979.
Trading Insights
Trading Volume: The hidden command baton of the trading battlefield, controlling the pulse of rises and falls! How much do you know? The truth about trading volume is that the larger the volume, the greater the power to change trends; the smaller the volume, the lesser the power. If the volume does not increase during consolidation, the original trend remains unchanged. If the volume increases during consolidation, the trend moves upward; conversely, it moves downward. To break through resistance levels, volume must increase; the greater the resistance, the more volume is needed to change the trend. In an upward trend, a breakout requires increased volume; it is not just a test but a signal that the direction is about to change. A massive volume indicates a price drop in a downward trend; to change this trend upward, even greater power is needed, hence the need for sustained volume. When a trend needs to change, volume must increase; when a trend does not need to change, volume should not increase. If volume appears, the original trend is usually not maintained.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community's live trading group this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.
The data is real, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 108,650 to a high of around 110,400 yesterday, closing around 109,400. The support level is around 107,750; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around 110,250; if it breaks, it could reach a new high. MACD shows increasing bearish momentum. The four-hour support level is around MA60; if it breaks, it could drop to around MA90. A pullback can be used to buy near this level. MACD shows decreasing bullish momentum and signs of a death cross forming.
ETH
Analysis
Ethereum's daily line rose from a low of around 2,525 to a high of around 2,600 yesterday, closing around 2,565. The support level is around 2,485; if it breaks, it could drop to around 2,340. A pullback can be used to buy near this level. The resistance level is around 2,645; if it breaks, it could reach around MA200. A rebound to this level can be used to sell. MACD shows increasing bearish momentum. The four-hour support level is around MA14; if it breaks, it could drop to around MA120. A pullback can be used to buy near this level. MACD shows a flat oscillation with the two lines converging.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading 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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