Around 70,000 points, Bitcoin entered a consolidation mode, with mining difficulty reduced by 11.16%, marking the largest decline since the mining ban in China in 2021.

CN
1 day ago

Cryptocurrency News

February 8 Highlights:

1. Tether assists Turkey in seizing $544 million in crypto assets related to gambling and money laundering networks.

2. Coinbase CEO: Remains bullish on the crypto industry in the long term.

3. South African Reserve Bank Governor warns that the growth of stablecoin usage may impact currency unity.

4. Bitwise advisor clarifies rumors: Nasdaq has not lifted the IBIT options position limit.

5. Forward Industries, the largest publicly listed Solana treasury, reports a nearly $1 billion loss, with stock prices down nearly 90% from their peak.

Trading Insights

What actually destroys traders is not the market, but three psychological demons: 1. Expectation addiction: always wanting to catch every wave, feeling anxious when missing out. But the market is not a lover; it won't give you opportunities just because you try hard. 2. Emotional revenge: wanting to quickly win back after a loss; trades made in such moments are 90% nightmares. 3. Illusory confidence: thinking you understand the market just because you made a small profit; in reality, that’s just the trend giving you face, not your strength. Those who can get over it save themselves, while those who can't keep falling in the same place. I once thought trading relied on "courage." Later, I realized true courage is: being able to stay out of the market when you should, admitting mistakes when you need to; waiting when you can, and maintaining silence amidst all the noise. The first lesson the market taught me was losing money, the second was being quiet, and the third was becoming someone who won't be swayed by the market. Now I increasingly believe in a saying: the market never rewards the smart; it only favors the patient. A trader's true growth is not about the account getting bigger, but the mind becoming steadier—understanding without rushing; holding without floating; being able to afford losses without chaos; waiting long without panic. It turns out the biggest enemy on the trading path has always been ourselves.

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 when it was sent out.

**Search for the public account: *Big White Talks About Coins*

Bilibili and YouTube account: Daquan777

BTC

Analysis

From the data on Bitcoin, the turnover rate began to decline over the weekend. Although it hasn't returned to normal levels, the significant drop indicates that investor sentiment is gradually easing. However, it is indeed difficult to say that the upcoming trend will be smooth sailing. Trump's tariffs and the Federal Reserve's monetary policy still have many uncertainties. For me personally, the only thing to look forward to is the midterm elections in 2026.

From the data on the chip structure, the current stability is still quite good. Although the continuous decline has caused $BTC to break through two support levels, it is rare that the first two support levels remain very strong without signs of collapse. This indicates that early investors are not sensitive to short-term prices and are still focused on long-term holding.

A rebound to around 70500-71370 can be a good opportunity to short, with targets looking towards 67700-65200.

ETH

Analysis

Although there were some price fluctuations over the weekend, this is normal, especially when liquidity is relatively low. The focus now is on the performance of U.S. stocks after next Monday, hoping to return to the main line of tariffs and monetary policy.

The drop on February 5 indeed hurt the vitality of cryptocurrencies. It wasn't just about liquidation; it was more about the confusion regarding Bitcoin itself. While chatting with friends today, we mentioned that the four-year cycle still exists. When we think the U.S. government and institutions are buying in, Bitcoin can still drop 50% in a short time. Four years ago, in 2022, it also fell apart.

The lowest point in 2022 was after the FTX collapse. I hope that in 2026, this will be the lowest point.

A rebound to around 2128-2160 can be a good opportunity to short, with targets looking towards 2045-1888.8.

Disclaimer: The above content is 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 some lag. If you have any questions, feel free to consult.

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