Cryptocurrency News
November 23 Highlights:
1. Native Markets has upgraded USDH to an asset that meets the Aligned Quote Asset standard.
2. Collins from the U.S. Federal Reserve: No decision has been made regarding the December FOMC meeting; ending the balance sheet reduction is appropriate.
3. MicroStrategy: Based on recent prices, BTC holdings can meet 71 years of dividend needs.
4. Coinbase: Large-scale on-chain wallet migration is a planned operation to enhance security.
5. Glassnode co-founder: Bitcoin ETF continues to generate net profits; cost basis remains intact.
Trading Insights
A summary of some common professional terms in the cryptocurrency space and their explanations, which I believe can help newcomers!
Basic Terms
Position: Refers to the ratio of actual investment to actual invested funds.
Full Position: Buying virtual currency with all funds.
Reducing Position: Selling part of the virtual currency.
Liquidation: Selling all virtual currency.
Heavy Position: Buying a lot of a certain virtual currency.
Light Position: Buying very little of a certain virtual currency.
Building Position: Buying virtual currency.
Averaging Down: Buying virtual currency in batches, such as first buying a certain amount of a coin, then buying more later.
Take Profit: Selling held virtual currency after obtaining a certain profit to secure gains.
Stop Loss: Selling held virtual currency after losses reach a certain level to prevent further losses.
Market Conditions
Bull Market: Prices continue to rise, outlook is optimistic.
Bear Market: Prices continue to fall, outlook is bleak.
Bullish (Going Long): Buyers believe the coin price will rise in the future, buy coins, and sell for profit after the price increases.
Bearish (Going Short): Sellers believe the coin price will fall in the future, sell coins they hold (or borrow coins from the trading platform), and buy back at a lower price for profit.
Rebound: When the coin price falls too quickly, it rebounds for adjustment.
Consolidation (Sideways): Price fluctuations are small, and the coin price is stable.
Slow Decline: The coin price is slowly decreasing.
Plunge (Waterfall): The coin price drops rapidly and significantly.
Trading Behavior
Trapped: Buying leads to a drop, referred to as being trapped.
Missing Out: Selling leads to a rise, referred to as missing out.
Cutting Losses: Buying leads to a drop, selling virtual currency at a low price to minimize losses.
Untrapping: After being trapped, the coin price rebounds, turning losses into profits.
Overbought: The coin price rises continuously to a certain height, buyer strength is nearly exhausted, and the price is about to fall.
Oversold: The coin price falls continuously to a certain low point, seller strength is nearly exhausted, and the price is about to rebound.
Inducing Longs: The coin price has been consolidating for a long time, with a high possibility of falling; most shorts have sold their virtual currency, suddenly the bears push the price up, inducing bulls to believe the price will rise, leading to buying, resulting in bears suppressing the price and trapping the bulls.
Inducing Shorts: After bulls buy virtual currency, they intentionally suppress the price, making bears think the price will fall, leading to selling, resulting in falling into the bulls' trap.
Digital Currency and Projects
ICO: Initial Coin Offering, a financing behavior where blockchain projects exchange their issued virtual currency for commonly used virtual currency in the market, derived from the concept of Initial Public Offering (IPO) in the stock market.
Private Placement: A way to invest in cryptocurrency projects, and the best way for cryptocurrency project founders to raise funds for platform operations.
Air Coin: Tokens without any technical backing, claiming to increase by hundreds or thousands of times, but cannot be realized.
Ponzi Coin: Profiting by recruiting others, completely copying others' open-source code, not updating the code or disclosing project progress.
Technology and Operations
Mining: The process of using computers, phones, and other devices to run calculation programs to obtain digital currency.
Wallet: Generally refers to a blockchain wallet used to store one's own digital currency assets.
Hash Value: A function that compresses a message of arbitrary length into a fixed-length message digest.
Computing Power: The computing capability of a computer during the mining process.
Mining Pool: An automated mining platform that allows miners to contribute their computing power to mine together to create blocks, earn block rewards, and distribute profits based on computing power contribution ratios.
Leverage Trading: Using a small amount of funds to invest multiples of the original amount, hoping to achieve multiple returns relative to the volatility of the investment target, or incur losses.
K-Line Chart: A chart drawn based on the opening price, highest price, lowest price, and closing price of each analysis period.
Market Order: Buying and selling transactions at the current price.
Limit Order: Buying or selling transactions at a specified price, also known as delegated trading or pending order trading.
Other Terms
Big Pie: A nickname for Bitcoin (BTC).
Auntie: A nickname for Ethereum (ETH).
Dog Dealer: A person who profits by manipulating the market in the cryptocurrency space, often referring to malicious scammers in the cryptocurrency space.
All In: A transliteration of "show hand," referring to putting all one's money into the cryptocurrency market or a certain coin.
Slapping Thigh: Describing deep regret, usually used after making a wrong move.
Arbitrage: Buying digital currency from exchanges with low prices and then selling it at exchanges with high prices.
Understanding these professional terms can help newcomers better comprehend and participate in cryptocurrency activities, but it is also important to note that investing in cryptocurrency carries risks, so it must be approached with caution.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along; if your operations are not going well, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks About Currency*
BTC
Analysis
As expected, after Williams' speech, U.S. stocks rebounded, and the VIX dropped significantly, easing investor sentiment. Even during the weekend, when liquidity is extremely low, $BTC managed to maintain a slight rebound. Although buying power is still insufficient, at least it has temporarily stopped falling. If it continues to drop over the weekend, it’s hard to predict how low it could go. The main concern in the market now is the worry about the Federal Reserve, not just whether there will be a rate cut in December, but the fear that the Fed's "dragging" could lead the U.S. into an economic recession. After all, from corporate bankruptcies to rising unemployment rates, all indicate potential risks. Fortunately, Nvidia's earnings report shows that the AI bubble can still hold for a while. The support level is around 84850; if it breaks, it could drop to around 82900, and buying can be done nearby.
ETH
Analysis
The rate cut in December is a signal released by the Federal Reserve, indicating that they do not want the U.S. to fall into economic decline. Even if it’s a case of "better late than never," they still want to take action. If the Federal Reserve continues to maintain high interest rates and only plans to cut rates twice by 2026, it poses a significant threat to the market. The weekly chart is set to show four consecutive bearish candles, with the daily support level around 2755; if it breaks, it could drop to around 2675, and buying can be done nearby. The four-hour chart shows a golden cross, and buying can be done around 2700.
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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