On September 20, Bitcoin returned to around 115,000. FTX will launch the third round of creditor repayments on September 30, totaling 1.6 billion USD.

CN
4 hours ago

Crypto Circle News

September 20 Highlights:

1. Flora Growth announces a $401 million financing plan, transforming into AI infrastructure.

2. Crypto custody firm BitGo reveals a nearly 4-fold surge in revenue in the first half of the year, plans to go public in the U.S.

3. Tether Treasury mints 1 billion USDT on the Ethereum chain.

4. The U.S. Treasury initiates the implementation process for the GENIUS stablecoin bill.

5. The U.S. House passes a temporary spending bill, the Senate may spark intense clashes.

Trading Insights

The "strange" truth of the crypto bull market: Under institutional control, the survival guide for retail investors has been rewritten. In the past, one could judge the market based on MACD golden crosses and head-and-shoulder patterns. Now, the crypto bull market has become a "reverse routine"—market makers can easily pull a few steps, rendering the technical skills of traders ineffective; institutions rely on cross-market hedging to extend cycles, turning the bull market into a grueling marathon, with even the most reliable time cycles starting to "act up." The market has long been dominated by institutions: giants like MicroStrategy leverage Bitcoin as collateral, firmly occupying the top traffic, making it difficult for altcoins to emerge. Even more exaggerated, the number of tokens has surged from 3,000 on Binance last year to 12 million, with so many junk coins that market makers are too lazy to control them. Last year, there were 870,000 meme coins on Solana, with a survival rate of less than 4% after 30 days; retail investors, after suffering losses, are unable to return, and the market ecology has already changed dramatically.

Want to survive in the current market? You must abandon old thinking and adopt this new playbook:

  1. Break free from the market cap illusion: Bitcoin rises slowly like "digital gold," while altcoins rotate like "pass the parcel." What seems like a bull market may just be a trap set by market makers; don’t be deceived by superficial trends.
  2. Diversify positions: Allocate 70% of your capital to hard currencies like Bitcoin and Ethereum, and consider altcoins for the remaining 30%, ensuring that no single project exceeds 3% of total capital to reduce the risk of losses.
  3. Cut losses faster than market makers: Market conditions can change faster than flipping a page; set stop-loss lines—such as exiting immediately if there’s a weekly drop of over 15%—don’t wait until your assets hit zero to regret.
  4. Focus on value sectors: Cautiously invest in areas with real application scenarios like DeFi protocols and Layer 2 infrastructure, and avoid meme coins that rely on PPT hype, steering clear of pure speculation traps.

Today’s crypto market is no longer a "buy and wait for rotation" paradise. Market makers can control the market with ease, and retail investors must proceed steadily, preferring to earn less while avoiding the fate of being trapped at the peak, rather than becoming the harvested chives.

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 sent out.

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

BTC

Analysis

Bitcoin's daily line fell from a high of around 117,400 to a low of around 115,050 yesterday, closing around 115,550. The support level is near MA90; if it breaks, it could drop to MA30. A pullback can be considered for buying near this level. The resistance level is around 117,950; if it breaks, it could rise to around 119,400. A rebound near this level can be considered for selling. MACD shows a decrease in bullish momentum. The four-hour support level is near MA90; if it breaks, it could drop to MA200. A pullback can be considered for buying near this level. The resistance level is around 116,950; if it breaks, it could rise to around 118,950. A rebound near this level can be considered for selling. MACD shows an increase in bearish momentum, forming a death cross.

ETH

Analysis

Ethereum's daily line fell from a high of around 4,620 to a low of around 4,430 yesterday, closing around 4,585. The support level is near 4,375; if it breaks, it could drop to MA60. A pullback can be considered for buying near this level. The resistance level is around 4,600; if it breaks, it could rise to around 4,785. A rebound near this level can be considered for selling. MACD shows an increase in bearish momentum. The four-hour support level is near 4,400; if it breaks, it could drop to 4,345. A pullback can be considered for buying near this level. The resistance level is around 4,500; if it breaks, it could rise to around 4,550. A rebound near this level can be considered for selling. 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 a certain lag. If you have any questions, feel free to consult.

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