Cryptocurrency News
Hot Topics on August 10:
1. Bo Hines, Executive Director of the White House Crypto Council, has resigned to return to the private sector, with deputy Patrick Witt likely to take over.
2. According to Bloomberg on Friday: The DeFi project World Liberty Financial, supported by the Trump family, is seeking to raise about $1.5 billion from investors to establish a publicly traded treasury company that will hold the project's WLFI tokens.
3. The Kobeissi Letter: The total U.S. debt has surpassed $37 trillion for the first time.
4. On-chain data shows that the supply of Ethena's stablecoin USDe has reached 10,003,012,850, breaking the 10 billion mark for the first time.
5. The total locked value of the Pendle protocol has surpassed $8 billion, setting a new historical high.
Trading Insights
It's the weekend, and there isn't much market activity. Take a moment to recharge. Today, let's talk about how to manage risk while making contract trading more systematic!
After a stop-loss, take a break; avoid impulsively opening new contracts. Contract trading is about leveraging small amounts for larger gains, and losses are normal. If stop-losses are frequently triggered, pause operations, calmly review strategies, and avoid blindly opening contracts out of frustration to prevent further losses.
Abandon the "get rich overnight" mentality; reject the urge for quick profits. Trading is never a shortcut, and it's crucial to remain calm during losses. Avoid rushing to open contracts to recover losses, and never go all-in; stability is the key to long-term success.
Go with the trend, do not go against it. Recognize the major trend and do not operate against it in a one-sided market. Once a trend is established, holding against it will only lead to significant losses. It is wiser to patiently wait for the right opportunity rather than stubbornly holding on.
Calculate the risk-reward ratio, aiming for at least 2:1 before entering a trade. Always calculate the risk-reward ratio to ensure potential profits can cover losses (at least 2:1); otherwise, achieving positive returns in the long run will be difficult.
Restrain frequent trading; beginners should not chase "every opportunity." Non-expert traders must strictly control the impulse to open contracts, especially beginners should not attempt to catch every fluctuation—most so-called "opportunities" are actually traps for losses.
Only trade within your knowledge; do not engage with fluctuations beyond your analytical ability. Stay within your cognitive boundaries to avoid losses from blindly following trends.
Absolutely do not hold onto losing positions; stop-loss is the last line of defense. Stop-loss is the bottom line of trading, and beginners must strictly enforce it. Holding onto losing positions is the beginning of falling into a deep loss; always remain vigilant.
Do not get carried away when profitable; success often precedes losses. After making a profit, maintain rationality; getting carried away can lead to operational mistakes. Protecting profits is more critical than making additional gains.
The above points always revolve around "risk control" and "mindset management." By adhering to these bottom lines, you can trade contracts more steadily and 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.
The data is real, and each trade has a screenshot from when it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 117,900 to a low of around 116,300 yesterday, closing around 116,400. The support level is near MA14; if broken, it could drop to around MA60. A pullback can be bought near this level. The resistance level is around 119,100; if broken, it could rise to around 121,000. A rebound near this level can be sold short. MACD shows a decrease in bearish momentum and signs of a golden cross. The four-hour support level is near MA14; if broken, it could drop to around MA30. A pullback can be bought near this level. The resistance level is around 119,200; if broken, it could rise to around 120,000. A rebound near this level can be sold short. MACD shows an increase in bullish momentum and forms a golden cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,005 to a high of around 4,325 yesterday, closing around 4,260. The support level is near 4,000; if broken, it could drop to around 3,870. A pullback can be bought near this level. The resistance level is around 4,400. MACD shows an increase in bullish momentum and forms a golden cross. The four-hour support level is near MA14; if broken, it could drop to around 3,950. A pullback can be bought near this level. MACD shows a decrease in bullish 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 may have some lag. If you have any questions, feel free to consult.
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