Cryptocurrency News

July 16th Hot Topics:

1. The plaintiff submitted a new and streamlined complaint in the collective lawsuit against Tether.

2. Trump chooses JD Vance as vice president, and Vance-related memes are trending; the Republican Party officially nominates Trump as the party's presidential candidate.

3. Delabs Games launches a Telegram "click-to-earn" baseball video game.

4. Bitcoin ETF boosts BlackRock's asset management scale to $10.6 trillion.

5. Federal Reserve's message: Powell's speech did not change the expectation of "holding steady" in August.

Trading Insights

In the future, the threshold for entering the cryptocurrency circle will become higher and higher. Without a high level of understanding, it will be difficult to participate. The domestic cryptocurrency circle will also become smaller, turning into a niche community where information can only be obtained through personal connections. Starting today, in response to national policies, the group will no longer discuss any cryptocurrency-related content, only focusing on trading. Wealth is not generated by the market, and only a few people can make money. To make money, one must have a higher level of understanding than the majority. Following trends is much more difficult than trading in a volatile market because trends involve chasing highs and selling lows, requiring the discipline to hold positions. On the other hand, trading that aligns with human nature tends to be less profitable. It is precisely because it is difficult that money can be made. In a rising trend, any violent pullback should be an opportunity to go long. Remember what I said about probability? So, if you are not on the train or have gotten off, patiently wait. When there is a 10-20% drop, be bold and buy more. Learn to break down your goals. Just like how you used to memorize a long passage of text in your childhood, trading is the same. If you want to earn 10 million, think about how to break it down. For example, turning 1 million into 3 million, and similarly, turning 100,000 into 300,000… So if you only have 100,000, first think about how to triple it to 1 million, and then think about 10 million. Perhaps for retail investors, this may not be highly perceptible, but for those who are entrepreneurial in this field, the experience is very profound. Mining is no longer viable, media activities are restricted, and rebates are no longer feasible, not because the laws have become stricter, but because the dividend period has passed. Bitcoin has been around for 10 years, and the dividends for retail investors are slowly disappearing. Everyone has seen "Hello Mr. Billionaire," Wang Duoyu's money seems to be endless, the more he spends, the more he has, this is the real nature of the world. When a trend develops to a later stage, wealth will inevitably concentrate on a small group of people. New wealth will gradually accumulate to those who were already wealthy, leaving no opportunity for latecomers. The rich get richer, and the poor get poorer; this is social stratification. For young people to change their fate, there must be a war, turmoil, and a complete restart of the world, or they must choose a completely new path.

LIFE IS LIKE A JOURNEY ▲

Below are the real trading signals from the Da Bai Community this week. Congratulations to those who followed. If your operations are not going well, you can come and try.

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

Yesterday, Bitcoin provided a perfect take-profit opportunity near 62620 for long positions, with a price difference of approximately $2200. Successfully took profit from short positions near 64800. Congratulations on the gains from both long and short positions. The daily chart structure saw a large upward movement, reaching around 65000. If it challenges the 65000 level again, it can be seen as the end of this adjustment, with the potential to reach the 70000 mark. Before breaking through 65000, short positions can be attempted near 64000-64500. The bottom support is near the MA30. If there is a pullback, positions can be opened near this level. The MACD shows bullish momentum, and there have been multiple tests of the MA360 yearly line on the four-hour chart, followed by a pullback. Currently, the support is near the MA14. If there is a pullback, positions can be opened. The MACD shows a decrease in bullish momentum and signs of a bearish crossover. In the short term, long positions can be entered near 62310-61150. The rebound target can be seen near 63250-63700. Rebounding to 63800-64400 can be an opportunity to enter short positions, with the target near 63000-62200.

ETH

Analysis

Yesterday, Ethereum saw a surge in the daily chart, reaching a high near 3500 and closing below the MA60, which can be seen as a top pressure. The support is near the MA90. If it breaks below, it may move down to the MA30. If there is a pullback, positions can be opened near this level. The MACD shows an increase in bullish momentum. The four-hour chart shows top pressure near the MA360 yearly line, with support near the MA200. If there is a pullback, positions can be opened for long positions. The MACD shows a decrease in bullish momentum and signs of a bullish crossover. In the short term, long positions can be entered near 3336-3306. The rebound target can be seen near 3375-3420.

Disclaimer: The above content is for personal reference only and does not constitute specific trading 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 ask for advice.

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