Cryptocurrency News
March 29 Hot Topics:
1. Trump pardons three BitMEX founders and former employees regarding money laundering charges.
2. Federal Reserve's Daly: Still believes that two rate cuts this year is a reasonable forecast.
3. New Jersey regulators order Robinhood and Kalshi to stop sports betting services.
4. Coinbase adds Keyboard Cat (KEYCAT) to its listing roadmap.
5. U.S. SEC meets with Wintermute representatives to discuss solutions for "crypto regulatory issues."
Trading Insights
After years in the cryptocurrency space, I have summarized the following trading insights to share with everyone!
- In a bull market, popular coins drop the fastest. Those that are heavily speculated tend to burst quickly; the more people chase them, the more dangerous it becomes. It's like blowing up a balloon; if you inflate it too much, it will inevitably pop.
- The tactics of altcoins are generally similar. The usual approach is to hit hard first, then slowly raise the price, and continue to harvest in different ways. This is how altcoin trading works, so be mentally prepared.
- The long-term trend of the market is upward. If you look at it over a long period, the cryptocurrency curve is relatively stable; short-term fluctuations are normal, while the long-term trend is generally a slow rise.
- Potential coins are not hyped. Truly potential coins often remain unnoticed at the bottom, with few mentions, while those low-key coins quietly rise.
- Be cautious with newly listed coins. Newly listed coins that experience wild price swings should be avoided; these are usually traps set by market makers, and entering means getting cut.
- Price fluctuations are common. Buying often leads to a drop, while selling leads to a rise; this is very normal in the crypto space. If you can't handle this level of volatility, you really need to practice more.
- The strongest rebounds do not indicate potential. The coins that rebound the most are often not the ones with potential, but rather speculative plays that have been hyped up. Don't be misled by appearances; truly potential coins have more stable fluctuations.
- Be careful of being cut after a sudden pullback. If the price rises after you buy and then suddenly pulls back, it may indicate that the market maker is starting to sell; be cautious not to get cut.
- Coins that explode in the second half of a bull market. Coins that performed poorly in the early stages may explode several times in the second half; they are like marathon runners who exert effort in the later stages.
- Coins that have been sideways for months may explode. Some coins can experience several times the increase and still remain sideways for months; they are likely waiting for the next wave of explosion, so keep a close watch on these coins.
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 the time it was sent.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 87500 to a low of around 83550 yesterday, closing around 84450. The support level is around 83450; if it breaks, it could drop to around 82500. A pullback can be used to buy more around this area. The resistance level is around MA30; if it breaks, it could reach around the MA7 moving average. A rebound to this area can be used to short. MACD shows a decrease in bullish momentum and has signs of forming a death cross. On the four-hour chart, the resistance level is around MA90; if it breaks, it could reach around MA200. A rebound to this area can be used to short. MACD shows a decrease in bearish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 2015 to a low of around 1855 yesterday, closing around 1895. The support level is around 1830; if it breaks, it could drop to around 1750. A pullback can be used to buy more around this area. The resistance level is around MA14; if it breaks, it could reach around MA30. A rebound to this area can be used to short. MACD shows a decrease in bullish momentum and has signs of forming a death cross. On the four-hour chart, the resistance level is around MA14; if it breaks, it could reach around MA60. A rebound to this area can be used to short. MACD shows a decrease in bearish momentum.
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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