Crypto Circle News
February 5 Hot Topics:
1. CME evaluates the launch of its own token, CME Coin, while advancing the tokenization of cash plans.
2. Data: Suspected Multicoin Capital is massively swapping ETH for HYPE.
3. Trend Research deposits 10,000 ETH into Binance and is suspected of selling.
4. After AMD's earnings report, the maximum drop expanded to 20%, marking the largest drop in 8 years.
5. Trump: The U.S. is willing to strengthen cooperation with China to promote new developments in bilateral relations.
Trading Insights
If you are losing in contract trading, this article is worth your careful reading. Please follow the suggestions 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 relinquishes sunk costs. Remember, money in the crypto circle is never-ending, but the money in your account can be lost completely. Ensure that every trade has a 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 having no position requires more courage than holding one.
- Progress gradually:
Investment is a process of gradual accumulation. 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 could 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, unaware of the basic rules, opening positions at will. But over time, I understood the potential of the crypto circle. 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 those who followed along; if your operations 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 sent.
**Search for the public account: *Big White Talks Crypto*
Bilibili and YouTube account: Daquan777
BTC
Analysis
Today is another day of decline for U.S. stocks and cryptocurrencies, and even the trends for gold and silver are not good. The main reason for the drop in the risk market should be the poor data from the small non-farm payrolls, and since there is no non-farm data this month, the small non-farm data has become the market reference. The employment figures from the small non-farm payrolls were significantly below expectations, which may lead to market pessimism about the U.S. economy. Theoretically, this situation is favorable for the Federal Reserve to cut interest rates.
From the data on Bitcoin, today, as BTC's price fell below $73,000, signs of panic indeed appeared, with a significant increase in turnover rate. The data suggests that the portion above $73,000 seems to be reducing positions, and today's decline, like that of U.S. stocks, does not have a clear reason, yet it is still falling sharply. Investor sentiment and liquidity are truly in disarray, and Trump must take some responsibility.
From the perspective of chip structure, although it is relatively stable, investor sentiment is indeed poor. More importantly, due to poor liquidity, even a small portion of selling by short-term investors has already triggered a significant decline. Although traditional investors are not selling much, purchasing power is almost nonexistent, leaving only the investments from crypto circle investors. For the time being, the outlook is still not very optimistic.
A pullback to around 69,615-67,577-65,600 can be a buying opportunity, with a rebound target looking towards 74,400-80,000.
ETH
Analysis
From the detailed data of U.S. stocks, during Asian and European times, the futures market was actually performing well, even slightly rising. However, as U.S. trading hours began, a decline started, and after the small non-farm data was released, the drop intensified. After the U.S. stock market opened, the decline continued to expand, and it was not until 2 AM that it began to gradually rebound, with $BTC also starting to rebound at that time.
The Nasdaq saw its largest drop today, exceeding 2.2%. Such a drop generally corresponds to significant negative information, but this time there was none; the most was that the U.S. and Iran did not reach an agreement, leading to such a large drop. This shows that the entire risk market is already in a fragile state.
A pullback to around 1,986-1,930-1,907 can be a buying opportunity, with a rebound target looking towards 2,080-2,300.
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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