Cryptocurrency News

February 2 Hot Topics:

1. El Salvador purchased an additional 2 BTC in one day, significantly increasing its buying pace.

2. The United States announced a 25% tariff on goods from Canada and Mexico, and a 10% tariff on goods from China.

3. Today's Fear and Greed Index dropped to 60, still in a "greed state."

4. The transaction processing volume on the Bitcoin network hit an 11-month low in January.

5. Trump's crypto project WLFI spent 10 million USDC to buy 200 million WLFI.

Trading Insights

How newcomers in the cryptocurrency space get "cut" (lose money), summarized for your caution!

1. Most are liquidated due to contract trading.
2. Most are liquidated because they opened full positions in contract trading.
3. Most are trading "meme coins," experiencing extreme volatility and getting harvested.
4. Exchanges run away, leading to losses.
5. Private placement project teams run away, leading to losses.
6. Playing DeFi projects, where the project team withdraws liquidity, leading to losses.
7. Playing DeFi projects, getting blacklisted by the project team, leading to losses.
8. Playing DeFi projects, where liquidity pools are drained, leading to losses.
9. In the secondary market, coins being delisted lead to losses.
10. Exchanges closing due to national policies lead to losses.
11. Exchanges changing domain names or owners lead to losses.
12. Accounts being hacked lead to losses.
13. Decentralized wallets being hacked lead to losses.
14. Various projects changing coins or chains lead to losses.
15. Private trading of coins leads to losses.
16. Coins being withheld by exchanges due to issues with the source of funds lead to losses.
17. Banks questioning the source of funds lead to losses.

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 Coins

BTC

Analysis

Bitcoin's daily chart yesterday fell from a high of around 102,800 to a low of around 100,250, closing around 100,600. The support level is near MA90; if it breaks, it could drop to around 94,600. A pullback could provide a buying opportunity nearby. The resistance level is near MA7; if it breaks, it could rise to around MA14. MACD shows increasing bearish momentum. The four-hour support level is near 97,700; a pullback could provide a buying opportunity nearby. The resistance level is near the MA7 moving average; if it breaks, it could rise to around MA120. MACD shows increasing bearish momentum. A short-term buy could be considered near 96,700-94,600, with a rebound target of around 99,500-101,500.

ETH

Analysis

Ethereum's daily chart showed a decline yesterday, falling from a high of around 3,165 to a low of around 3,100, closing around 3,115. The support level is near MA200; a pullback could provide a buying opportunity nearby. The resistance level is near MA120; if it breaks, it could rise to around MA14. MACD shows increasing bearish momentum, forming a death cross. The four-hour support level is near 3,035; if it breaks, it could drop to around 2,985. A pullback could provide a buying opportunity nearby. The resistance level is near the MA7 moving average; if it breaks, it could rise to around MA60. MACD shows increasing bearish momentum, forming a death cross. A short-term buy could be considered near 3,033-2,985, with a rebound target of around 3,200.

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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