Cryptocurrency News
April 18th Hot Topics:
1. Market News: Binance is preparing to pay a fine of about $2 million and plans to return to India.
2. The US Bitcoin spot ETF saw a net outflow of $165 million yesterday, with GBTC seeing an outflow of $133 million.
3. A whale once again purchased 3,279 ETH at a price of $3,050 each.
4. The probability of the Federal Reserve maintaining interest rates in May is 96%.
5. Grayscale ETF Global Director: Cryptocurrency ETFs other than Bitcoin and Ethereum will be approved 100%.
Trading Insights
Investment is a complex discipline, involving skills, techniques, mindset, and human nature. In this process, those with strong risk awareness, good risk management, and effective risk control measures will emerge as the ultimate winners.
- Having unrestricted funds is a prerequisite for investment.
Funds must be absolutely free and without a time limit. Having self-owned funds without interest pressure is a prerequisite for investment.
- Making money by using market traps.
When you want to go long, the short trap is your best opportunity;
When you want to go short, the long trap is your paradise.
- Safety is the foundation for long-term survival in this market.
Avoid overtrading: (Avoid frequent trading and excessively large single trade margins)
- The market is the best place to cultivate oneself. Human greed, fear, and foolishness are constantly being played out in the capital market. Cultivate oneself in this big melting pot, which is the greatest benefit of the market.
To conquer the market is essentially to conquer one's own greed, fear, and foolishness.
- Not every trade will be profitable.
Every trade carries the risk of loss. Do not daydream, focus on making money seriously, never let your guard down, and pay attention to fund management.
- Trading psychology is crucial. Maintain emotional stability when making profits and losses.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
Bitcoin reached a high near 64500 yesterday, encountered resistance, and then oscillated and fell. It quickly rebounded to around 59680 after a rapid decline, and is currently trading around 61600. The four-hour chart shows a gradually decreasing high point, indicating a trend of oscillation and decline. Although the price fell below the previous low, the trading volume did not follow. The MACD formed a bullish divergence structure. Currently, the market rebounded to the MA7 moving average line under pressure, with a relatively slow trend and limited rebound strength. It is expected that there may be a second round of decline. In the short term, the daily chart has not been able to break through the 60,000 support level. The main focus is on the closing price. If it falls below 60,000, the next support level to watch is 56000. At that time, it may be a good opportunity to buy more. Currently, it's a game between long and short positions, and we maintain a wait-and-see attitude. For the long term, continue to hold. Resistance above: 62000-62500, Support below: 60000-59000.
ETH
Analysis
Ethereum's trend is linked to the overall market. After reaching a high of 3122 yesterday, it encountered resistance and fell to the support level of 2914. Congratulations to friends who followed the strategy and profited from long positions by a hundred points. Currently, the price is trading around 3002. Although there was no significant decline on the four-hour chart, the overall performance is relatively weak, with limited rebound strength. The upper focus is on the MA14 moving average line. If it is not broken, the price will continue to decline. In the short term, the market shows a oscillating structure. As long as it does not break the previous low, it can be considered stable. On the daily chart, if it falls to the MA120 moving average line again without breaking it, but without a decent rebound, it still depends on Bitcoin's mood. If it effectively falls below 6000, it will inevitably lead Ethereum to decline together. The pullback is only temporary, and the long-term outlook for an increase remains positive. Continue to hold and wait. Resistance above: 3050-3130, Support below: 2950-2850.
Disclaimer: The above content is for personal 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.
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