Crypto Circle News
October 10 Hot Topics:
1. Coinbase and Mastercard are bidding for stablecoin startup BVNK, with a valuation of up to $2.5 billion.
2. DCG's Yuma has established an asset management department, launching two Bittensor subnet funds in its first phase.
3. "Bitcoin Jesus" Roger Ver has reached an agreement with the U.S. Department of Justice, paying $48 million to settle a tax evasion case.
4. Zhao Changpeng: Today's turmoil in the crypto market may stem from FUD regarding Alpha's future non-launch of certain tokens.
5. Bybit announces it has obtained a virtual asset platform operator license in the UAE.
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"—the manipulators can easily pull a few steps, rendering the technical skills of analysts 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 "go haywire." The market has long been dominated by institutions: giants like MicroStrategy leverage Bitcoin as collateral, firmly occupying 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 manipulators 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 suffered heavy losses and were unable to recover, 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:
- Break free from the market cap illusion: Bitcoin rises slowly like "digital gold," while altcoins rotate like "hot potato"; the apparent bull market may all be a trap set by manipulators—don't be deceived by surface trends.
- Diversify positions: Bet 70% of your position on hard currencies like Bitcoin and Ethereum, and consider altcoins for the remaining 30%, ensuring that no single project exceeds 3% of total funds to reduce the risk of losses.
- Cut losses faster than manipulators: Market conditions can change faster than flipping a page; be sure to set stop-loss lines—such as exiting immediately if the weekly drop exceeds 15%—don't wait until your assets hit zero to regret.
- Keep an eye on valuable sectors: Cautiously invest in areas with real application scenarios, such as DeFi protocols and Layer 2 infrastructure, and avoid meme coins that rely on PPT hype, steering clear of pure speculation traps.
Today's crypto circle is no longer a paradise for "buy and wait for rotation." Manipulators 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 the time it was sent.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 123,750 to a low of around 119,550 yesterday, closing around 121,600. The support level is near the MA14 moving average; if it breaks, it could drop to the MA30 level. A pullback can be used to buy near this level. The resistance level is around 123,250; if it breaks, it could rise to around 124,550. A rebound near this level can be used to sell short. MACD bullish volume is decreasing. The four-hour support level is around 120,500; if it breaks, it could drop to around 118,650. A pullback can be used to buy near this level. The resistance level is near the MA30; if it breaks, it could rise to around 124,150. A rebound near this level can be used to sell short. MACD bearish volume is increasing.
ETH
Analysis
Ethereum's daily line fell from a high of around 4,530 to a low of around 4,265 yesterday, closing around 4,365. The support level is around 4,255; if it breaks, it could drop to around 4,095. A pullback can be used to buy near this level. The resistance level is near the MA7 moving average; if it breaks, it could rise to around 4,590. A rebound near this level can be used to sell short. MACD bullish volume is decreasing. The four-hour support level is around 4,255; if it breaks, it could drop to around 4,185. A pullback can be used to buy near this level. The resistance level is near the MA360; if it breaks, it could rise to around 4,460. A rebound near this level can be used to sell short. MACD bearish volume is decreasing.
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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