Cryptocurrency News
October 9 Highlights:
1. Coinbase app launches DEX trading feature, supporting instant trading of new tokens on the Base network.
2. Grayscale's three major funds complete quarterly rebalancing, increasing holdings in AERO and Story, while removing MKR.
3. MetaMask announces a rewards program to be launched at the end of October and confirms the release of a token.
4. The Ethereum Foundation establishes a "Privacy Cluster" to promote full-stack privacy technologies and applications.
5. BlackRock's ETHA Ethereum holdings exceed 4 million coins, valued at over $18.286 billion.
Trading Insights
After years in the cryptocurrency space, I've summarized a few trading insights to share with everyone, helping you avoid pitfalls and achieve stable profits!
Don't hesitate on stop-loss and take-profit. We trade cryptocurrencies to make money, not to be "long-term shareholders." When in profit, we often think about making more; when in loss, we hesitate to sell. This mindset will lead to losses! If the market turns against you, don’t hesitate—sell quickly.
Don’t stubbornly chase "highs and lows." There are no absolute lows and highs in the market, only lower and higher. As ordinary people, we can't accurately pinpoint these, so there's no need to waste effort. Just focus on buying in the "bottom area" and selling in the "top area."
Be cautious of mismatched volume and price. If you encounter a price increase without trading volume, or a new high with no volume, be very careful! This could signal that the main force is unable to sell off, indicating a potential market reversal. Don’t chase; it’s better to miss out than to make a wrong buy.
React quickly to news. When new information comes out, first determine which sectors and coins it benefits. If you miss the first wave, quickly monitor the second tier; you can still make a good profit.
Learn to rest to earn. An old saying goes, "Three months to see the bottom, three days to see the top." The real surge in coin prices happens in a short time. Seize this opportunity and don’t fumble around during other times; just relax.
A sharp drop is a good opportunity. The biggest benefit in the market is a sharp drop; after it, there are plenty of opportunities. Remember, "When others are greedy, be fearful; when others are fearful, be greedy." Don’t panic during a drop; quickly build positions in quality coins.
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades from the Big White Community this week. Congratulations to those who followed along. If your trades aren't going well, you can come and test the waters.
The 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 rose from a low of around 121,000 to a high of around 124,150 yesterday, closing around 123,250. The support level is around 120,500; if it breaks, we can look to MA14. A pullback can be bought around this area. The resistance level is around 123,400; if it breaks, we can look to 124,700. A rebound to this area can be a short opportunity. MACD shows a decrease in bullish volume. The four-hour support level is around 121,300; if it breaks, we can look to MA60. A pullback can be bought around this area. The resistance level is around MA30; if it breaks, we can look to 124,350. A rebound to this area can be a short opportunity. MACD shows an increase in bearish volume.
ETH
Analysis
Ethereum's daily line rose from a low of around 4,410 to a high of around 4,555 yesterday, closing around 4,525. The support level is around 4,300; if it breaks, we can look to MA90. A pullback can be bought around this area. The resistance level is around 4,585; if it breaks, we can look to 4,750. A rebound to this area can be a short opportunity. MACD shows a decrease in bullish volume. The four-hour support level is around MA200; if it breaks, we can look to MA90. A pullback can be bought around this area. The resistance level is around MA14; if it breaks, we can look to 4,615. A rebound to this area can be a short opportunity. MACD shows an increase in bearish volume.
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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