On August 16, the market began to pull back, and there is a significant divergence in ETH.

CN
20 hours ago

Cryptocurrency News

Hot Topics on August 16:

1. Longling Capital's associated address sold 7,000 Ethereum about 40 minutes ago, worth approximately $31.82 million.

2. Public company RYVYL is transforming to focus on cryptocurrency fund management.

3. BitMine increased its holdings by 28,650 ETH, totaling 1.174 million ETH.

4. Putin news conference: Trump states no agreement reached with Putin on "most important" aspects.

5. Mysten Labs appoints former Goldman Sachs crypto asset head Mustafa Al Niama to lead capital markets business.

Trading Insights

Following the "big shots" in contract trading and still getting liquidated? The problem lies here!

  1. High leverage leads to liquidation with volatility. Newbies always want to "double up in one go," opening full positions with 50x or 100x leverage, resulting in liquidation with just a 1%-2% market fluctuation. ① Data reference: 5x leverage allows for a 20% fluctuation (low liquidation probability), while 100x leverage only allows for a 1% fluctuation (extremely high liquidation probability). ② Recommendation: Newbies should use 3-5x leverage to ensure survival first.
  2. No stop-loss, holding on until zero. Common mindset: "Just wait, it will go up" or "I've lost too much to cut," resulting in losses increasing from 50% to 100%. Correct operation: ① Set a fixed stop-loss of 3%-5% upon opening a position. ② Move the stop-loss line up after making a profit to lock in gains.
  3. Full position gamble, risking everything in one go. Newbies often go "All in" on a single bet, leading to liquidation if the market reverses. Recommendation: Limit each position to no more than 5% of total capital and diversify trades.
  4. Emotional trading, chasing highs and cutting losses. 80% of liquidations stem from emotional control issues: ① Chasing after a surge (buying at highs) and cutting losses during a drop (selling at lows). ② Recommendation: Plan in advance and execute to avoid staying up late watching the market, which can interfere with judgment.
  5. Unfamiliar with platform tricks, getting "set up." Exchanges may cause liquidation through "spike" (instant price fluctuations triggering stop-loss) or "slippage" (execution price deviating from expectations). Recommendation: Choose mainstream platforms and avoid trading during extreme market conditions (e.g., during Federal Reserve meetings).

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.

Data is real, and each trade has a screenshot from the time it was sent.

**Search for the public account: *Big White Talks Coins*

BTC

Analysis

Bitcoin's daily line fell from a high of around 119,200 to a low of around 116,750 yesterday, closing around 117,300. The support level is around 116,050; if broken, it could drop to around MA60. A pullback could provide a buying opportunity nearby. The resistance level is around 119,750; if broken, it could rise to around 121,950. A rebound to this area could provide a selling opportunity. MACD shows a decrease in bullish momentum, indicating a potential death cross. The four-hour support level is around 116,400; if broken, it could drop to around 114,600. A pullback could provide a buying opportunity nearby. The resistance level is around 118,750; if broken, it could rise to around MA14. A rebound to this area could provide a selling opportunity. MACD shows an increase in bearish momentum.

ETH

Analysis

Ethereum's daily line fell from a high of around 4,675 to a low of around 4,365 yesterday, closing around 4,440. The support level is around 4,265; if broken, it could drop to around 4,020. A pullback could provide a buying opportunity nearby. The resistance level is around 4,585; if broken, it could rise to around 4,725. A rebound to this area could provide a selling opportunity. MACD shows a decrease in bullish momentum, indicating a potential death cross. The four-hour support level is around MA60; if broken, it could drop to around MA90. A pullback could provide a buying opportunity nearby. MACD shows an increase in 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 may have some lag. If you have any questions, feel free to consult.

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