Crypto Circle News

October 11 Hot Topics:

1. According to Foresight News, over 1.51 million accounts globally were liquidated in the past 24 hours, with the total liquidation amount rising to $13.512 billion, setting a new historical high.

2. Many altcoins plummeted by 80-90% overnight.

3. Trump stated he wants to increase tariffs on Chinese goods by 60%.

4. Zhao Changpeng: Today's turmoil in the crypto market may stem from FUD regarding Alpha not launching certain tokens in the future.

5. Bybit announced it has obtained a virtual asset platform operator license in the UAE.

Trading Insights

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

1. High leverage leads to liquidation due to volatility. Newbies often want to "double their money 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. Not setting stop-losses and holding until zero. Common mindset: "Wait a bit longer, it will rise" or "I've lost too much to cut losses," 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. Going all-in, risking everything in one trade. Newbies often "go all in" on a gamble, leading to liquidation when the market moves against them. 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 loss of control: ① Chasing after a surge (buying at high points) and cutting losses during a drop (selling at low points). ② Recommendation: Develop and execute a plan in advance to avoid staying up late watching the market, which can interfere with judgment.
5. Not understanding platform tricks and being "set up." Exchanges may cause liquidations through "spike" (instant price fluctuations triggering stop-losses) 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.

The data is real, and each trade has a screenshot from when it was issued.

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

BTC

Analysis

Bitcoin's daily line yesterday dropped from a high of around 122,500 to a low of around 101,500, closing around 112,700. The support level is around 109,200; if broken, it could drop to around the MA200. A pullback could be a good opportunity to buy. The resistance level is around the MA60; if broken, it could rise to around the MA90. A rebound to this area could be a good opportunity to sell. The MACD shows an increase in bearish momentum, forming a death cross. The four-hour support level is around 109,650; if broken, it could drop to around 107,600. A pullback could be a good opportunity to buy. The resistance level is around 113,000; if broken, it could rise to around 114,700. A rebound to this area could be a good opportunity to sell. The MACD shows an increase in bearish momentum.

ETH

Analysis

Ethereum's daily line yesterday dropped from a high of around 4,390 to a low of around 3,355, closing around 3,825. The support level is around 3,605; if broken, it could drop to around 3,370. A pullback could be a good opportunity to buy. The resistance level is around 3,905; if broken, it could rise to around 4,080. A rebound to this area could be a good opportunity to sell. The MACD shows an increase in bearish momentum, forming a death cross. The four-hour resistance level is around 3,890; if broken, it could rise to around 3,945. A rebound to this area could be a good opportunity to sell. The 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 has a certain lag. If you have any questions, feel free to consult.

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