Cryptocurrency News

February 28th Hot Topics:

1. 8 spot Bitcoin ETFs increased their holdings by 9901 BTC yesterday, while GBTC only reduced holdings by 921 BTC.
2. Fox News: The White House is concerned that Bitcoin mining may put pressure on the power grid and may strengthen regulation.
3. BlackRock's spot Bitcoin ETF trading volume exceeded $1 billion for the second consecutive day, setting a new record.
4. Bitfinex hacker becomes a witness for the US government, claiming to have laundered money through Bitcoin Fog up to 10 times.
5. The total trading volume of 11 spot Bitcoin ETFs exceeded $3 billion for the second consecutive day.

Trading Insights

1. Misunderstanding of short-term and mid-term: Some people think that the difference between short-term and mid-term lies in the length of holding time, but that's not the case. The so-called mid-term is to hold a position in a rhythmic manner in one direction after the trend of a large cycle and large fluctuations emerges, rather than based on the length of holding time. In fact, the mid-term and short-term are integrated, and their methods of operation are the same. Specific analysis is required when trading.
2. Counter-trend rebound operation: The market is always right, and counter-trend operation means going against the market. Many investors may ask, can't we seize the rebound? Of course, you can, but you must master the correct method. When counter-trend rebounding, attention must be paid to the use of skills, developing one's own sense of the market, and most importantly, managing funds. Novice investors without experience should not take risks, always remember that following the trend is the priority.
3. Hesitation when placing orders: Many investors always have many concerns when placing orders, which leads to missed opportunities. We can move forward according to the trend, and if the trend reverses, we can "brake" in time to avoid losses.
4. Frequent trading throughout the day: Contracts can be long or short, so many investors take advantage of this and repeatedly enter the market. This behavior easily leads to repeated losses. Sometimes, resting is also a form of operation, which can prevent further losses and allow you to calmly assess the current situation and make the right judgments.

Search for the public account: Big White's Coin Analysis

BTC

Analysis

Bitcoin yesterday rebounded from the low of 55530 to test the support at 55530, and the market trend continued to rise. It broke through the previous high near 57540 but was resisted and fell back. Congratulations to friends who followed yesterday's strategy and profited from long positions by 1500 points. Currently, the price is running near 56900. Although it broke through the new high on the four-hour chart, it failed to continue. The market retraced to repair the ma7 moving average, and the macd showed a shrinking volume with a bullish crossover. There are signs of a retracement in demand if it falls below ma7, indicating a high-level oscillation to repair ma14. Looking at the daily chart, the candlestick closed with a large positive but the volume did not follow. If the daily candle closes as a doji, there is a risk of a market downturn. The overall trend is still bullish, and the strategy remains to focus on long positions with short positions as a supplement. Resistance above is at 57300-58300, and support below is at 56000-55500.

ETH

Analysis

The trend of Ethereum is consistent with Bitcoin, showing an overall oscillating upward trend and breaking through the new high. It reached a high of 3285 but was resisted and fell back. Congratulations to friends who followed yesterday's strategy and profited from long positions by 80 points. Currently, the price is running near 3238. On the four-hour chart, the overall trend is oscillating at a high level, and although it broke through the new high, it did not continue. The macd is gradually shrinking with a bearish crossover, and the short-term trend is unlikely to continue upward. Pay attention to the retracement strength and the risk of testing the ma14 support. Looking at the daily chart, the candlestick closed with a long upper shadow, but the bullish trend is not strong. It is expected to oscillate in the short term during the day session. The current market is overbought, and short-term risks should be considered. The overall strategy remains to focus on long positions with short positions as a supplement. Resistance above is at 3280-3350, and support below is at 3200-3160.

Disclaimer: The above content is for reference only and does not constitute specific operational 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。