Crypto News
October 3 Highlights:
1. Sharps Technology announces plans to repurchase up to $100 million of its outstanding common stock.
2. VanEck Lido Staked Ethereum ETF registered in Delaware.
3. Australian Fitell acquires 216.8 million PUMP tokens for $1.5 million.
4. Federal Reserve's Logan: We must remain highly cautious about interest rate cuts and must not overly relax.
5. Base protocol leader: We will not rush to deploy the Base token, and the release date will not be announced soon.
Trading Insights
During trading, the following practical methods can help you avoid most traps and better grasp the market! 1. Identify highs and lows; wait for consolidation at high levels without rushing to exit, as the market often follows with a new high; do not blindly bottom-fish during low-level sideways trading, as it is likely to test new lows. Wait for a clear change in direction before acting to avoid being trapped by entering too early. 2. During sideways periods, control your hands; most short-term losses stem from "itchy hands" during sideways trading. When the market lacks a clear direction, buying and selling is essentially blind guessing, which not only incurs unnecessary fees but also risks getting stuck in a loss. 3. Look at candlesticks for signals; use daily candlesticks as a reference, enter when a bearish candle appears, and decisively take profits when a bullish candle appears. Following the trend signals given by candlesticks is more certain than guessing based on feelings. 4. Understand rebounds and judge the rhythm; when the downward rhythm slows, subsequent rebounds are often sluggish; if the decline suddenly accelerates, it is more likely to trigger a quick rebound. Predict the strength of the rebound based on the downward rhythm to avoid misjudging the timing. 5. Build positions using the "pyramid" method; buy more as prices drop, but be more cautious with position size as the number of purchases increases. This method effectively controls risk and is one of the core principles of short-term position management. 6. Continuous rises and falls lead to sideways adjustments; do not liquidate all at high levels or fully invest at low levels in one go. After the sideways phase, a change in trend is likely to occur; if the change in direction is downward from a high level, timely liquidation is necessary to avoid downside risk.
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 try it out.
Data is real, and each trade has a screenshot from when it was sent.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 118,250 to a high of around 121,000 yesterday, closing around 120,500. The support level is around 117,400; if broken, it could test near the MA7 moving average. A pullback can be bought near this level. The resistance level is around 121,400; if broken, it could reach around 123,350. A rebound near this level can be shorted. MACD shows bullish momentum. The four-hour support level is near MA14; if broken, it could test around 116,750. A pullback can be bought near this level. MACD shows a decrease in bullish momentum.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,330 to a high of around 4,515 yesterday, closing around 4,480. The support level is near MA30; if broken, it could test near MA14. A pullback can be bought near this level. The resistance level is around 4,590; if broken, it could reach around 4,715. A rebound near this level can be shorted. MACD shows an increase in bullish momentum, forming a golden cross. The four-hour support level is near MA14; if broken, it could test around 4,290. A pullback can be bought near this level. The resistance level is around 4,580; if broken, it could reach around 4,670. A rebound near this level can be shorted. MACD shows a decrease in bullish momentum.
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 may have some lag. If you have any questions, feel free to consult.
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