Cryptocurrency News
October 12 Highlights:
1. South Korea's National Tax Service: Cold wallets of tax evaders will also be searched and seized.
2. US Treasury platform Jiko receives strategic investments from Coinbase and Blockstream, establishing partnerships with multiple cryptocurrency exchanges.
3. Coinbase plans to launch a brand new American Express card in the US this fall.
4. USDE, BNSOL, WBETH decoupling follow-up: Binance initiates compensation and risk parameter adjustment measures.
5. Empire Commercial Bank: The rise in gold prices is due to concerns over long-term inflation; gold is expected to reach $4,500 in the next two years.
Trading Insights
Having been in the cryptocurrency space for many years, I've seen too many newcomers rush into the market and make random trades, resulting in significant losses! Here are a few tips for new traders:
- Accurately find entry and exit points - This is the first step to profit. Learn to understand market signals, know when to enter and when to exit, and don’t place orders blindly.
- Decisively set stop-loss lines - Set a "brake" for your losses. When you reach your predetermined loss level, don’t hesitate; close your position quickly. Otherwise, losses can spiral out of control, risking your entire capital.
- Strictly manage your position size - Don’t impulsively go all in; we are not gamblers. Control the amount for each trade, start small, and consider increasing your investment only after gaining enough experience.
- Stay calm and control your emotions - Maintain a stable mindset while trading. Don’t panic and make revenge trades after a loss, and don’t get overconfident after a win. Many newcomers panic when they lose $30,000 from a $100,000 capital, trembling and unable to press the close button; this is not acceptable.
- Avoid complex operations in the early stages - Don’t start with complex operations like pyramid trading or cross-asset hedging; first, solidify your foundation. Focus on a trading method that suits you, practice diligently until you can react instinctively to trading signals.
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 are not going well, you can come and test the waters.
Data is authentic, with screenshots of each trade at the time they were issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 113,300 to a low of around 109,500 yesterday, closing around 110,600. The support level is around 109,000; if it breaks, it could drop to around MA200. A pullback can be used to buy near this level. The resistance level is around MA120; if it breaks, it could rise to around MA90. A rebound near this level can be used to sell. MACD shows increasing bearish momentum. The four-hour support level is around 110,000; if it breaks, it could drop to around 108,800. A pullback can be used to buy near this level. The resistance is around 113,000; if it breaks, it could rise to around MA360. A rebound near this level can be used to sell. MACD shows decreasing bearish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 3,875 to a low of around 3,640 yesterday, closing around 3,745. The support level is around 3,620; if it breaks, it could drop to around 3,450. A pullback can be used to buy near this level. The resistance level is around 3,905; if it breaks, it could rise to around 4,000. A rebound near this level can be used to sell. MACD shows increasing bearish momentum. The four-hour resistance level is around 3,870; if it breaks, it could rise to around 3,990. A rebound near this level can be used to sell. MACD shows decreasing bearish 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 a certain lag. If you have any questions, feel free to consult.
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