Crypto News

July 24th Hot Topics:

1. Digital bank Revolut plans to sell $500 million in employee stock, with the company's valuation rising to $45 billion.

2. Pudgy Penguins raises $11 million for Ethereum Layer 2 advancement.

3. Zetachain partners with major brands such as Alchemy, Tenderly, and Ledger.

4. Mark Cuban: Business leaders are optimistic about Harris' prospects and believe that she is more open to cryptocurrencies.

5. BNB Chain will hold the second BNB Incubation Alliance during the Bitcoin Conference.

Trading Insights

1. How much should you invest in altcoins, when should you invest, and how to choose altcoins. Clearly, altcoins often rise more than Bitcoin, but it is very difficult to make money from altcoins. One very important reason is the timing of entry.
2. Most altcoins are heavily promoted only when they reach the stage of harvesting. Overcoming human nature is a difficult thing, and overcoming human nature in investment is the first step to making money.
3. Let me talk about how to choose altcoins. Many people are blind, saying to look at market value, unlocking, project team, and founder. I think there is only one criterion, which is to look at the flow of this coin. Only with flow can there be everything else. Without flow, there is no conversion, which means no buying, so the coin price will not rise.
4. Flow is also the reputation value of a coin. What are the coins with high reputation value in the market now? I can give examples, such as pepe, ordi, ens rndr dog doge, all of which have hot spots to ride on, and a more vivid way to say reputation is luck. Like people, a person with a high reputation has a smooth path for their family.
5. A person with a high reputation can easily obtain some resources. Even if they temporarily fall, as long as the time is right, they can immediately rise. If a person does not have a reputation, or is very unpopular, then their luck will be particularly bad. Therefore, when you are young, you should accumulate reputation, and it is only possible to accumulate luck after the age of 30. This is why so many people are doing IP now. In this era of information and video, the value of reputation is much greater than before.
6. Reputation is luck. So coins are the same. They must have flow and reputation in the coin circle for people to buy them. Reputation can be artificial, it can be false, but it cannot be absent, and it cannot be the same as others. Having a concept, a story, an application, and a background can all be transformed into reputation. So when looking for coins, focus on these points. The newer the concept, the better; the newer the story, the better; the fresher the application, the better; the stronger the background, the better.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading group orders of Da Bai Community this week. Congratulations to the friends who followed. If you are not doing well, you can come and try.

Real data, each order has a screenshot taken at the time.

Search for the public account: Da Bai Lun Bi

BTC

Analysis

Bitcoin has experienced a pullback from 0.786 (near 67,800) to around 66,000. It fell below the MA7 moving average and the bottom support is near the MA120. If there is a pullback, it can be built near this level. The upper resistance is near 67,500. The MACD is showing a decreasing bullish trend. The four-hour upper pressure is near the MA30, and the lower support is near the MA60. If there is a pullback, it can be built near this level. The MACD is showing a decreasing bearish trend.

ETH

Analysis

On the daily chart, Ethereum formed a long wick candle yesterday, with the lowest point near the MA90 and the highest reaching around 3,540. It closed near the MA60. The lower support can be observed near the MA90. If there is a pullback, it can be built near this level. The upper resistance is near the MA60. The MACD is showing a decreasing bullish trend. The four-hour upper pressure is near the MA30, and the lower support is near the MA60. If there is a pullback, it can be built near this level. The MACD is showing an increasing bearish trend. Short-term buying can be done near 3,407, and the rebound target can be seen near 3,450-3,480.

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 ask for advice.

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