Cryptocurrency News
November 10 Highlights:
1. The U.S. Commodity Futures Trading Commission (CFTC) will allow stablecoins as tokenized collateral.
2. The LuBian mining pool was hacked for 127,000 bitcoins, suspected to be from the same batch of assets seized by the U.S. Department of Justice.
3. The CFTC is pushing for leveraged crypto spot products to be launched on compliant exchanges as early as next month.
4. North Korean hackers are using the Gemini model to write phishing code, with artificial intelligence entering the practical attack phase.
5. The next round of FTX compensation is expected to be confirmed in December and distributed in January next year.
Trading Insights
Having been in the cryptocurrency space for many years, I understand that the core of profitability is not about accurately predicting the market but about adhering to strict rules to manage your hands and protect your capital. The following operational guidelines can help you reduce risks and achieve long-term stable profits!
- Insure Your Positions: Refuse to go all-in and enter with spare money.
- ① Single asset position ≤ 30% of total funds, high-risk altcoins ≤ 10%, to avoid significant losses from the volatility of a single asset.
- ② Only invest "spare money that won't affect your life," maintaining a stable mindset to avoid chaotic operations due to panic or greed.
- Set Boundaries for Trading: Set stop-loss and take-profit levels in advance; stay out of the market if unclear.
- ① Clearly define goals before each trade: for example, take profits in batches at a 20% increase, exit decisively at a 10% drop, and avoid the illusion of "waiting to break even" which consumes capital.
- ② When the market is unclear and trends are ambiguous, it’s better to stay out and observe rather than blindly buy out of fear of missing out, reducing the risk of ineffective trades.
- Decouple from Market Sentiment: Don’t chase hot topics; review and correct daily.
- ① Avoid following "insider news" and chasing short-term trends; most "good news" is what others want you to see, preventing you from buying at high levels.
- ② Spend 10 minutes daily reviewing: Check if your operations align with your plan. Did you enter out of impulse? Record mistakes to avoid repeating them.
- Deep Dive into Assets: Understand 2-3 assets and focus on long-term logic.
- ① Don’t be greedy: Instead of juggling 100 coins, focus on 2-3 mainstream coins, familiarizing yourself with their volatility patterns and capital flows.
- ② Anchor to project fundamentals: Pay attention to code updates, ecosystem progress, and regulatory dynamics, as these are the long-term core logic supporting prices, not short-term candlestick fluctuations.
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.
Data is real, and each trade has a screenshot from when it was sent out.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin closed last week with a long lower shadow on the weekly chart and is currently near the lower Bollinger Band. This week shows a rebound trend, with the key being whether it can stabilize above the M top neckline. On the daily chart, it closed with a large bullish candle and a lower shadow yesterday, rebounding after breaking the rectangle bottom. Pay attention to daily resistance, which is concentrated at 107,500/108,900/110,500 (respectively the M top neckline & FVG & downward trend line); daily MACD and RSI are positive, indicating momentum for further rebounds; for short-term, focus on the 4-hour chart, looking for opportunities.
In the short term, on the 4-hour level, it has broken through the W bottom neckline (also a breakout of the descending channel), forming a bottom breakout structure and an upward channel.
The key is whether it can break through the upper track of the rebound channel near 106,500 (also the M top neckline). If it breaks through, the next resistance level is around 108,800 (under pressure from the downward trend line), followed by around 111,200 (initial drop pressure) and around 115,000 (daily level neckline pressure).
If the resistance at around 106,500 is blocked, this may be a rebound in a downtrend, a retracement after breaking the M top. If the price breaks below the upward channel, it may continue to correct (forming a descending flag).
In terms of indicators, both MACD and RSI show upward recovery, which is a good rebound signal; pay attention to RSI being oversold.
Operational Thought: The larger trend is bearish, and the short-selling strategy can continue, with pressure levels to short in batches, stopping losses if it breaks through.
ETH
Analysis
Trump is preparing to distribute at least $2,000 to citizens outside of high-income brackets.
This is mainly because Trump's tariff policy may be rejected by the Supreme Court, so he might want to counterbalance through public opinion. Although this is encouraging, to be honest, the president cannot directly give money to the public. It must go through congressional legislation, meaning both the House of Representatives and the Senate must approve it.
The massive monetary easing in 2021 was passed by Congress, but now they can't even resolve the shutdown, let alone implement easing. Moreover, Trump's tariffs are under review by the Supreme Court, with a very low chance of passing.
If the tariffs are deemed illegal, the collected taxes will need to be refunded. At that point, not only will there be no money to distribute, but it will also exacerbate the already fragile U.S. finances.
Ethereum broke below the arc top neckline last week and is currently showing a bullish candle rebound. If the rebound can fill and stabilize the 3850/4050 FVG gap, there is a chance for reversal; otherwise, watch for resistance at the rebound neckline of 3700, which could lead to continued large-scale bearish risks. On the daily level: after breaking the bottom rectangle, it rebounded, with current resistance at 3680-3850 (neckline and FVG); if blocked, it may retest the 3400 range. On the 4-hour level, it is within an upward channel, with support at 3480 (midline) and 3380 (lower line), and resistance above at 3850 (initial drop point) and 4050 (FVG).
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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