Cryptocurrency News
January 17 Highlights:
1. Chainalysis: Iran's crypto ecosystem is expected to reach nearly $8 billion by 2025.
2. Hassett downplays the criminal investigation against Federal Reserve Chairman Powell.
3. Bitwise survey: 32% of financial advisors have allocated crypto assets for clients, and 56% of advisors hold crypto assets in their personal portfolios.
4. U.S. President Trump: May impose tariffs on countries that disagree on the Greenland issue.
5. Nasdaq warns Bitcoin mining manufacturer Canaan Creative.
Trading Insights
Short-term trading ≠ high-frequency trading! Like trend trading, one must wait for opportunities that are reliable and certain. As for the methods to judge certainty and respond quickly, each trader should have their own insights. For example, recently, BTC has frequently oscillated within a narrow range, making it difficult to establish a clear pattern, which can easily lead to losses. I found that adjusting the candlestick time frame to 10 minutes allows for more effective use of indicator signals to capture these sudden oscillation opportunities. The purple line in Figure 1 is a price reference calculated based on the previous day's candlestick trajectory. In a volatile market, when the price deviates, there will be a demand for regression. Therefore, a bearish stance is taken below the purple line, and a bullish stance is taken above it. However, this is just a general direction; it needs to be combined with the momentum indicators below. A suitable entry point for short positions occurs when a top divergence appears and enters the overbought zone. When the bottom divergence signal appears and enters the oversold zone, decisively close the short position. This method has helped me capture several "oscillation" opportunities in recent weeks. Of course, opportunities are not available every day, so trading is not necessary at all times. Maintaining a calm, rational, and steady mindset is a fundamental skill that needs to be continuously honed in trading.
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.
The data is real, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
From the data on Bitcoin, the price fluctuations have increased the turnover rate; however, the trading volume has started to decline. The main force behind the turnover remains short-term investors. For now, the impact of the Federal Reserve's subsequent personnel changes on the risk market is minimal. The U.S. stock market only experienced a slight decline at the close, while $BTC maintained above $95,000, indicating that investor sentiment remains quite stable.
Every weekend, I maintain the same attitude: as long as there are no major issues, that's already good. Liquidity is typically the worst on weekends, which can amplify emotions. Logically, Trump should have publicly announced his candidates by now, but there has been no result yet; I wonder what he is waiting for. A buy position can be established on a pullback to the 94,516-94,288 range, while a sell position can be taken near 95,750-96,100.
ETH
Analysis
Today's market is gradually stabilizing. Currently, the significant increase in BTC trading volume on Coinbase over the past two days has ended. It seems that there was indeed a structural legislative reason for cryptocurrencies at that time. When this legislation was temporarily shelved, Bitcoin's trading volume returned to normal levels. However, from the ETF data, investors still maintain a certain level of enthusiasm, especially those from BlackRock, so no significant trend of BTC withdrawal has been observed yet.
Compared to the U.S. stock market, today's volatility mainly stems from Trump's choice of candidates for the Federal Reserve Chairman. The market is concerned that Kevin Warsh, a former hawk at the Federal Reserve, may not strictly adhere to Trump's demand for interest rate cuts after taking over as Chairman. However, I personally think this is overthinking; people can change, just like Trump used to dislike cryptocurrencies. I hope this time we won't end up with another Powell. Compared to BTC, the data for ETH spot ETFs is slightly better, mainly because there are no significant signs of large sell-offs from Fidelity investors, and the purchasing power of BlackRock and Grayscale investors has actually increased compared to Wednesday. The sentiment for buying ETH has indeed risen somewhat.
Disclaimer: The above content is purely 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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