Crypto News
April 8 Highlights:
1. Galaxy receives SEC approval for restructuring registration statement, plans to list on Nasdaq.
2. U.S. House Speaker supports Trump's global tariff plan, stating it will provide "necessary space."
3. USDC Treasury destroyed a total of 150 million USDC three times on the Ethereum network early this morning.
4. The U.S. SEC announces the agenda for the cryptocurrency regulatory roundtable on April 11.
5. WLFI plans to distribute a small amount of USD1 to all WLFI token holders for an airdrop test.
Trading Insights
For newcomers to the crypto space, remember these tips to help you avoid pitfalls and navigate more smoothly! 1. Never go all in: Going all in feels great for a moment, but liquidation is a disaster! Don’t invest all your funds at once; the market is unpredictable, and keeping some capital gives you a chance to recover. 2. Major coins are more reliable: While major coins like Bitcoin and Ethereum may not have the wild price swings of new coins, they are stable and low-risk, making steady growth more practical for newcomers than heart-pounding volatility. 3. Withdraw your principal in time: If the price doubles, take your principal out to secure your profits. If the price continues to rise, withdraw your principal and take profits at your own pace; don’t be too greedy. 4. Avoid common pitfalls: Over 90% of people on-chain are losing money, mostly due to these mistakes: going all in at high prices, adding to positions after a rise, cutting losses too soon, and chasing highs after selling. Be cautious and don’t let emotions lead you. 5. Investment strategy: Primarily invest in mainstream coins like Bitcoin (BTC) and Solana (SOL), and use part of your funds to buy top project coins on various public chains at lower prices, diversifying your investments to reduce risk. Remember these tips to progress steadily in the crypto space, and I wish you success in achieving your financial goals!
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Daba community this week. Congratulations to those who followed along; if your trades aren’t going well, feel free to test the waters.
Data is real, and each trade has a screenshot from when it was sent.
**Search for the public account: *Daba Talks Crypto*
BTC
Analysis
Bitcoin's daily chart showed a drop from around 78,400 to a low of about 74,500 and a high of around 81,250, closing near 79,200. The support level is around 79,000; if it breaks, it could drop to the MA360 yearly line. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; if broken, it could rise to around 85,000. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum. The four-hour chart shows support near the MA7 moving average; if broken, it could drop to around 77,550. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; if broken, it could rise to around MA200. A rebound could provide a shorting opportunity nearby. MACD shows decreasing bearish momentum with signs of a golden cross forming. A short-term buy could be considered near 79,000, with a rebound target of around 80,700-82,500. A rebound to around 82,300-84,900 could provide a shorting opportunity, targeting around 80,600. A mid-term buy could be considered near 77,560, with a rebound target of around 79,500.
ETH
Analysis
Ethereum's daily chart showed a drop from a high of around 1,640 to a low of about 1,410, closing near 1,555. The support level is around 1,500; if broken, it could drop to around 1,425. A pullback could provide a buying opportunity nearby. The resistance level is near MA14; if broken, it could rise to around MA30. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum. The four-hour chart shows support near the MA7 moving average; if broken, it could drop to around 1,425. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; if broken, it could rise to around MA60. A rebound could provide a shorting opportunity nearby. MACD shows decreasing bearish momentum with signs of a golden cross forming. A short-term buy could be considered near 1,495-1,427, with a rebound target of around 1,620-1,690.
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.
April 7 Highlights:
1. Currently, all financial products are declining, including gold.
2. U.S. Secretary of Commerce Raimondo: Tariffs will take effect on April 9.
3. Over 50 countries worldwide have contacted President Trump to discuss new trade agreements.
4. According to Token Terminal, the total interest paid by market borrowers on the Aave platform (Ethereum network) has exceeded $1 billion.
5. Nearly 400,000 FTX users may lose $2.5 billion in repayments, with the KYC verification deadline extended to June 2025.
Trading Insights
Summary of trading loss insights: 1. In favorable conditions, I forgot that greater risks accompany them and did not take profits in time. 2. When I had more chips, I was too greedy. 3. During a specified investment period, I lacked deep market knowledge and lost my initial determination, giving up during the process. 4. Leverage must align with the cycle; high leverage requires completing trades in shorter cycles, not holding positions. 5. Regardless of market conditions, do not frequently open trades due to momentary price fluctuations. If the direction is confirmed, do not close positions due to minor losses. 6. Trading requires sufficient patience; wait for opportunities and make decisions when they arise. Also, set proper take-profit and stop-loss levels. 7. Taking profits means controlling greed. Stopping losses means managing risk. Retaining principal means there’s still a chance to fight back. Losing principal means missing opportunities. 8. Don’t be afraid to start over. Learn from experiences and wait for the next opportunity. Don’t complain about slow recovery or small profits; small gains accumulate over time. 9. Treat every missed opportunity as a lesson rather than feeling regret. Regret only leads to repeated poor judgments. Even if you miss an opportunity, you at least gain experience in market observation.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Daba community this week. Congratulations to those who followed along; if your trades aren’t going well, feel free to test the waters.
Data is real, and each trade has a screenshot from when it was sent.
**Search for the public account: *Daba Talks Crypto*
BTC
Analysis
Bitcoin's daily chart showed a drop from a high of around 83,800 to a low of about 77,150, closing near 78,400. The support level is near the MA360 yearly line; if broken, it could drop to around 75,000. A pullback could provide a buying opportunity nearby. The resistance level is around 80,000; if broken, it could rise to the MA7 moving average. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum, forming a death cross. The four-hour chart shows resistance near the MA7 moving average; if broken, it could rise to around MA14. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily chart showed a drop from a high of around 1,820 to a low of about 1,535, closing near 1,580. The support level is around 1,500; if broken, it could drop to around 1,430. A pullback could provide a buying opportunity nearby. The resistance level is near the MA7 moving average; if broken, it could rise to around MA30. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum, forming a death cross. The four-hour chart shows resistance near the MA14; if broken, it could rise to around MA60. A rebound could provide a shorting opportunity nearby. MACD shows increasing bearish momentum, forming a death cross.
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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