Crypto News

April 28th Hot Topics:

1. The whale who accumulated ETH three years ago has once again deposited 1000 ETH into Binance.

2. In the past six weeks, the net inflow of Bitcoin spot ETF was 519 BTC.

3. The US Bitcoin spot ETF has experienced negative growth for the third consecutive week.

4. zkSNACKs: US users will be indefinitely banned from using Wasabi Wallet.

5. Data shows that the stock prices of several Bitcoin mining companies have risen after the Bitcoin halving.

Trading Insights

1. One common mistake made by many traders is trading too frequently. They fail to carefully select appropriate trading opportunities and instead feel compelled to trade whenever they see market fluctuations. This is forcing themselves to trade rather than patiently waiting for good trading opportunities.

2. The reason why experts are able to profit is because they have patiently done a lot of work before entering the market. However, many people become complacent after making a profit and start trading frequently. Subsequent losses can make them unable to cope, leading to significant losses, or even losing their entire investment.

3. The worst trades stem from impulsiveness. The most destructive mistake in trading is being excessively impulsive. Everyone should act based on established trading signals and never hastily change their trading strategy due to a momentary impulse. Therefore, avoiding impulsiveness is the primary element of risk control.

4. When engaging in trading, it is necessary to learn to control risks. You must be prepared for the worst, so you must operate with small amounts and keep each loss within 1% to 2% of your capital.

Search for the public account: "Big White Coin Forum"

BTC

Analysis

Bitcoin's overall volatility was not significant yesterday, and it did not continue to decline. The evening market rebounded, reaching a high of 63800 before falling back. Congratulations to friends who followed the idea of buying low. Currently, the price is running around 63680. In the short term, the four-hour level has stopped falling and shown a continuous rebound. The MACD indicator shows a shrinking bearish volume and the two lines are converging, indicating a golden cross. If it stabilizes at 63800, the next level to watch is around 64500. Looking at the daily level, the bearish trend did not continue, and if it shows a continuous rebound, the market will stabilize and gradually rise. Otherwise, it will test near the MA90. As mentioned in the previous article, without significant trading volume, there won't be much room for a decline. Be prepared for both scenarios, focus on buying on dips, and continue to hold positions. After the oscillation, the market will inevitably break new highs. Resistance above: 64500-65800, Support below: 63000-62000.

ETH

Analysis

Ethereum's intraday trend yesterday was consistent with Bitcoin, showing narrow range oscillations. In the evening market, it surged upwards, reaching a high of 3283 before falling back. Congratulations to friends who followed the idea of buying low. Currently, the price is running around 3270. At the four-hour level, the market did not continue to decline, indicating strong support around the 3050 area, followed by a straight upward trend. The MACD indicator shows a gradual increase in bullish volume and a golden cross of the two lines, indicating an overall bullish trend. In the short term, there is still a demand for breakthroughs. Looking at the daily level, Ethereum is stronger than Bitcoin, with a 5% increase. If it can close above the MA30, it will likely enter the 3300-3450 range. Ethereum's overall trend looks good, so continue to hold and wait. For those without positions, buy on dips. Resistance above: 3320-3450, Support below: 3280-3230.

Disclaimer: The above content is for personal reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.

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