Crypto Circle News
October 23 Hot Topics:
1. Aave DAO proposes a related proposal for a "50 million USD annual Aave buyback plan."
2. Hyperliquid Strategies submits S-1 filing, plans to raise up to 1 billion USD for purchasing HYPE tokens.
3. Binance responds to "market maker leaks": the involved trader is an unauthorized third party, and the Reduce Only anomaly has not been confirmed.
4. Moon Inc. completes the first round of convertible bond financing, planning to launch a Bitcoin prepaid card business in Asia.
5. HTX is sued by UK regulators for allegedly promoting cryptocurrency services illegally.
Trading Insights
The market is full of pitfalls, so stay vigilant. Here are a few trading insights that I believe will help you!
Don’t chase the hype or follow the crowd; only buy when there’s a “discount.” ① Buying logic: When prices drop or remain stagnant with no one buying, it’s a good time to select and buy with confidence. ② Selling logic: Once you see everyone rushing in, and prices are skyrocketing, quickly take the opportunity to sell what you have.
Don’t be greedy during a surge; run quickly, and don’t panic during a sharp drop; first check the volume. ① Responding to surges: If prices have been “soaring” for several days, it may seem profitable, but risks are hidden, and a drop could happen anytime. It’s safest to take profits. ② Responding to sharp drops: If there’s a sudden large drop, don’t panic; first check the “trading volume”—if not many are actually selling (low volume), it’s likely just a scare, so don’t rush to cut losses.
A rise without “people” is a trap; a drop with a crowd selling is a signal to escape. ① Beware of “no-volume rises”: Prices may look like they are rising, but if not many are genuinely buying (low volume), it’s just the main force “drawing a pie” to lure you in—don’t fall for it. ② Definitely avoid “high-volume drops”: If prices are falling and many are frantically selling (high volume), that’s real panic; quickly withdraw, don’t wait until you’re deeper in.
Don’t fidget during sideways movement; act only after a breakout. ① Sideways phase: The market lacks direction, and prices fluctuate within a range. Entering during this phase is like “guessing a coin flip,” making it easy to buy high and sell low. It’s better to observe more and act less. ② Breakout phase: Wait for prices to truly break through the “upper and lower boundaries” of the sideways movement; once the trend is clear, follow it to enter, which significantly increases your win rate.
Mindset is more important than skills; greed is the biggest enemy. ① Don’t be greedy when making money: As long as you’ve made a profit and reached your expectations, take it and don’t always think about “a little more,” or you might end up losing it back. ② Don’t hold on when losing money: Once prices drop beyond your acceptable range, set a “stop-loss line” in advance; if you need to cut losses, do it. Don’t stubbornly wait for a “turnaround,” as holding on will only increase your losses.
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 aren’t going well, you can come and test the waters.
Data is real, and each trade has a screenshot from when it was sent out.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's price continues to operate above the strongest daily candle closing support of 107,500 in the past two months. In the short term, there have been two false breaks below 107,500, which quickly rebounded. The upward momentum is not very strong, characterized by a slow and steady rise, and accelerated increases often fall back to previous positions after waking up. The short-term support level of Bitcoin at 107,500 has been tested multiple times, each time resulting in a false break followed by a rapid rebound, making it a very important support level. This month, Bitcoin's lowest point was 101,500, and last week it hit a higher low of 103,500. Yesterday, it did not reach a third low of 105,300, indicating that Bitcoin's performance is stronger than Ethereum, which has already touched a higher low.
ETH
Analysis
Ethereum Weekly Level: This week’s K-line is likely to continue closing as a bearish candle, currently showing three consecutive bearish candles, and the overall market remains weak, with strong support still looking at the middle track of the Bollinger Bands.
Daily Level: Price fluctuations are overall small, with the K-line closing as a bearish hammer, indicating a downward trend. Structurally, there is a trend of breaking below the lower line in the triangular consolidation.
In terms of Bollinger Bands, the three mouths are resonating downwards in a falling channel, with prices being suppressed by the middle track, indicating a continued downward trend.
In terms of support, technically, we only need to pay attention to the daily Vegas breakdown situation. If it breaks down, the market will accelerate its decline.
4-Hour Level: Prices show signs of breaking below the lower line in a smaller timeframe, and the end of the triangular consolidation is a double top structure. You can pay attention to the price re-testing the double top neckline + lower line for short positions.
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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