Crypto News
July 5th Hot Topics:
1. Data: The fear and greed index for cryptocurrencies dropped to 29 today, hitting a new low in the past year.
2. Bitcoin (BitVol) volatility index rose to 49.26 yesterday, with a daily increase of 8.07%.
3. Global cryptocurrency market cap has dropped, with a 6.8% decrease in the past 24 hours.
4. Former Deputy Attorney General points out that US regulatory agencies are pushing for the decentralization of the cryptocurrency industry.
5. Vitalik Buterin warns that MEV auctions may have a negative impact on Ethereum.
Trading Insights
Only those who truly understand logical thinking in the cryptocurrency circle can make over a billion. The first step is to not focus on making money. As long as you can fully execute your trading system, trading plan, and trading principles, regardless of the style, you are already the best, beating the vast majority of the market. The second step is that losing money in the cryptocurrency circle is due to multiple reasons, such as frequent switching between long and short positions in a bull market, reckless high leverage trading, and reckless options trading. When you make money, you must withdraw it, because you don't know when the initial investment will come back. The third step is to remove high leverage and frequent trading. When you make money, learn to withdraw a portion of it. Once you exit, never re-enter. Cherish the bull market that fate has given you. Most people don't make money based on their own abilities, they just happen to passively get rich in this cycle. The fourth step is to buy the dip when the bull market returns. Buy heavily during a major drop and buy lightly during a minor drop. However, you must control your position well. No matter how deep the retracement is this time, you cannot have too heavy a position in a single asset, and you cannot give yourself any room for error. The fifth step is "focus on new, not old." New assets are the biggest opportunities in a bull market. As long as you catch the opportunity, you will gain wealth. So, as long as the direction is right, even if you invest a small amount and sell early, you will still make a lot of money. The sixth step is the "leader" effect. Get used to buying the "leader" projects in the same industry, and develop the habit of buying leaders. Many people miss the "leader" and then buy the so-called "second and third place," which also carries the risk of falling into a pit. Generally, true "leader" projects have a high ceiling, so what you think you missed may still only be halfway up the mountain.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going well, you can come and try it out.
The data is real, and each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
The current trend of Bitcoin is dominated by bears. The daily structure has formed four bearish candles, dropping from around 62900 to the current level near 54400, breaking below the MA200 moving average. The top support is at the 60000 level of the MA7 moving average. The MACD shows an increase in bearish momentum. In the four-hour structure, there was a short-term dip to around 53400 before rebounding, testing the MA7 moving average multiple times. The daily support is around 53200, and considering long positions should only be done after it drops to around 52300.
Disclaimer: The above content is personal opinion and is for reference only. It does not constitute specific trading advice and does not 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 ask for advice.
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