Crypto Circle News
May 28 Hot Topics:
1. VanEck: Establishing a Bitcoin strategic reserve should be promoted through congressional legislation.
2. Coinbase will delist the old version tokens MOBILE, RNDR, RBN, and SYN on June 26.
3. BlackRock's Strategic Income Fund increases its holdings in IBIT, raising its position to 2,123,592 shares.
4. The U.S. SEC initiates further review procedures for WisdomTree's XRP spot ETF.
5. Citigroup: The effects of tariffs may become fully apparent in the second half of the year, with global economic growth slowing to 2.3%.
Trading Insights
Finding resistance and support levels is fundamental in trading! 1. Previous high points are resistance levels, and previous low points are support levels. Breaking through a previous high turns that high into a support level, while breaking below a previous low turns that low into a resistance level. 2. In a dense trading area of oscillating chips, above it is a support level, and below it is a resistance level. 3. A trend line connecting two low points is a support level; if broken, that line becomes a resistance level. A trend line connecting two high points is a resistance level; if broken, that line becomes a support level. 4. On moving averages, the moving average is a support level; below the moving average, it is a resistance level. 5. A large bullish candlestick has its bottom as a support level; if broken, it becomes a resistance level. A large bearish candlestick has its top as a resistance level; if surpassed, it becomes a support level. Both support and resistance levels should be considered with trading volume; as long as there is volume, support and resistance levels will become ineffective.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along; if your trades are not going well, you can come and try it out.
The data is real, and each order has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 110,700 to a low of around 107,450 yesterday, closing around 108,900. The support level is near MA14; if broken, it could drop to around MA30. A pullback can be used to buy near this level. The resistance level is around 110,200; if broken, it could reach a new high. MACD shows an increase in bearish momentum. The four-hour support level is near MA60; if broken, it could drop to around MA120. A pullback can be used to buy near this level. MACD shows an increase in bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 2,510 to a high of around 2,710 yesterday, closing around 2,660. The support level is near the MA7 moving average; if broken, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is near MA200; if broken, it could reach around the MA360 yearly line. A rebound to this level can be used to sell. MACD shows a decrease in bearish momentum. The four-hour support level is near MA30; if broken, it could drop to around MA120. A pullback can be used to buy near this level. The resistance level is around 2,685; if broken, it could reach around 2,730. MACD shows a decrease in bullish momentum, with signs of forming a death 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 has a certain lag; if you have any questions, feel free to consult.
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