Crypto Circle News
October 17 Hot Topics:
1. HashKey Group joins Google AP2 as one of the first global partner ecosystems, exploring compliant AI payments in the Asia-Pacific region.
2. BNY Mellon focuses on stablecoin infrastructure development and is not considering issuing its own tokens for now.
3. SharpLink raises up to $155 million by issuing new shares at a premium, advancing its ETH reserve strategy.
4. Gold's perpetual contracts on major crypto exchanges spiked to around 5000, currently quoted at 4450, having plummeted to 3000 last week, far exceeding all crypto gains.
5. Coinbase launches stablecoin payment platform "Coinbase Business."
Trading Insights
Sharing some methods and tips for short-term trading in practice; remember these to avoid 80% of the detours!
Eight Iron Rules of Short-Term Trading
Focus on the top ten mainstream coins, combining market hotspots, news, and daily MACD golden crosses, BOLL patterns, to select high-volatility varieties.
Position management: divide 50,000 into five parts, using one part for each position.
Avoid full positions; the maximum holding should be 50%, leaving 50% for opportunities.
Limit trades to no more than three times a day; control your hands.
Do not average down; if entering a position results in a 30% loss, exit immediately, indicating a wrong timing.
Set a 30% stop loss; if broken, exit unconditionally, do not hold the position.
Do not cling to K-lines; enter and exit quickly.
Go with the trend; only trade mainstream coins, avoid altcoins.
Twelve Lifesaving Mantras in the Crypto Circle (Must Remember)
Don't panic during a morning drop; a rebound is likely in the afternoon.
Reduce positions during an afternoon surge; a pullback is likely at night.
Volume contraction in rising/falling trends likely continues.
Prices rise before major meetings/good news, but may drop after the event.
Significant daytime drops in China can be a buying opportunity; at 21:30, foreigners may pump the market.
Watch for spikes in buying/selling; the deeper the spike, the stronger the signal.
Heavy positions are prone to liquidation and will attract the exchange's "attention."
Short positions often drop after stop-loss; the market maker may "trick" you into exiting.
Rebounds near liquidation points often stop abruptly; market makers won't let you exit easily.
After taking profits, the market often rises; you need to "lighten up" before it goes up.
When you are excited, a drop is likely; excitement is a trap set by market makers.
When you are broke, all projects rise (creating FOMO), over 80% of the market is manipulated; trading requires patience, composure, and timing, do not enter blindly.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week; congratulations to the coin friends who followed along. If your operations are not going well, you can come and test the waters.
Data is real, every 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 fell from a high of around 111950 to a low of around 107350 yesterday, closing around 108150. The support level is around 107300; if broken, it can be seen at around 105550. A pullback can be bought near this level. The resistance level is around 109650; if broken, it can be seen near the MA7 moving average. A rebound to this level can be sold short. MACD shows increasing bearish momentum. The four-hour resistance is near the MA7 moving average; if broken, it can be seen near the MA14. A rebound to this level can be sold short. MACD shows increasing bearish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 4090 to a low of around 3820 yesterday, closing around 3890. The support level is around 3740; if broken, it can be seen at around 3620. A pullback can be bought near this level. The resistance level is around the MA7 moving average; if broken, it can be seen at around 4130. A rebound to this level can be sold short. MACD shows increasing bearish momentum. The four-hour support is around 3760; if broken, it can be seen at around 3690. A pullback can be bought near this level. The resistance level is around the MA7 moving average; if broken, it can be seen near the MA14. A rebound to this level can be sold short. MACD shows increasing 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 may have a certain lag; if you have any questions, feel free to consult.
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