Cryptocurrency News
February 3 Hot Topics:
1. The different strategies for buying BTC between Strategy and Binance are clear at a glance.
2. Tom Lee: The crypto market may currently be bottoming out, and the selling pressure is gradually losing momentum.
3. The U.S. and India have reached a trade agreement, with the U.S. reducing tariffs on Indian goods from 25% to 18%.
4. Spot Bitcoin ETF investors are generally at a loss, and the slowdown in capital inflow is weakening market confidence.
5. JPMorgan: 89% of family offices do not hold crypto assets, and the willingness to allocate to digital assets remains low.
Trading Insights
If you are losing money in contract trading, this article is worth a careful read. Please follow the advice below to ensure profitability:
Insights from an experienced trader:
- Learn to take profits and cut losses:
The market changes quickly; taking profits controls greed, and cutting losses means giving up sunk costs. Remember, money in the crypto market is endless, but the money in your account can be lost completely. Ensure that every trade has reasonable volatility tolerance.
- Avoid frequent trading:
Frequent trading not only makes it difficult to profit from both long and short positions but also increases transaction fees. With high leverage, opening a position can result in a loss of 1-2 points, so ensure that every trade can be profitable.
- Learn to stay out of the market:
Do not open positions when you do not understand the market; avoid blind trading. The market is unpredictable, and sometimes staying out requires more courage than holding a position.
- Take it step by step:
Investing is a gradual accumulation process. Do not expect to get rich overnight; instead, gradually increase your returns through small investments and reasonable leverage.
- Do not go all in with high leverage:
High leverage carries enormous risks; once the market reverses, you may lose everything. Stay rational and do not take risks due to momentary impulses.
- Combine theory and practice:
This is the most challenging part. Sometimes even experienced traders find it difficult to achieve this completely. Remember, I was once a novice who did not understand the basic rules and opened positions randomly. But over time, I understood the potential of the crypto market. I hope this article can help you avoid detours on your journey in the crypto world.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along; if your operations are not going smoothly, you can come and test the waters.
The data is real, and each trade has a screenshot from the time it was sent.
**Search for the public account: *Big White Talks About Coins*
Bilibili and YouTube account: Daquan 777
BTC
Analysis
Over the weekend, I believed that if there were no systemic risks, the downside for U.S. stocks and cryptocurrencies should be limited. On Monday morning, although Asian investors showed panic and futures dropped significantly at the CME opening, the market began to warm up as it entered the European trading zone (3 PM Beijing time). After the opening, the rebound in U.S. stocks and $BTC was quite good, but gold and silver continued to decline.
From the data on Bitcoin, the turnover rate is not very high, which is within expectations. The current price is almost below the cost price of $MSTR and also below the average purchase price of the ETF, making it still attractive for $BTC investors. Moreover, from the miners' data, over 200,000 terahash mining machines are on the verge of shutting down, and mining difficulty has started to decrease, indicating that more and more miners are stopping operations. Especially since there are currently no fundamental negative factors, it still feels hopeful. The last drop to $74,000 was mainly due to the U.S.-China tariff issues, and now it is at a standstill, with only some poor financial report data, but it should not expand the panic. Overall, the U.S. side has the most selling; as long as there are no unexpected issues here, there are still opportunities.
A rebound to 78,700-80,250 can be a good point to short, with a target around 78,000-77,000.
ETH
Analysis
The decline mentioned last week is due to the insufficient cash balances of fund managers, compounded by passive reductions due to poor financial report performances. Currently, the probability of this situation is increasing. This week, we will see if the cash holdings of fund managers have increased. Additionally, the expected standstill that was supposed to end on Monday night seems to be extended for a few more days.
This standstill has once again delayed the release of labor data, but the January data is just as it is. Everyone is still looking forward to the trends after the transition. However, the standstill that was originally expected to end on Tuesday may continue to be delayed, but since it involves fewer departments, the time will be limited, and it is unlikely to create as much commotion as last October.
A pullback to around 2,112-2,088 can be a good point to go long, with a rebound target around 2,373-2,580.
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 some lag. If you have any questions, feel free to consult.
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