Cryptocurrency News
July 25th Hot Topics:
1. After ETH's approval, Grayscale continues to sell off, and ETF continues to flow out. It is unknown what positive news will save it.
2. THORChain announced that RUNEPool is expected to be launched next week.
3. Stargate DAO proposes to upgrade governance processes and integrate Sei Network.
4. The probability of the Fed cutting interest rates by 25 basis points in September is 89.6%.
5. Hashdex applies for a new cryptocurrency exchange-traded fund, including Bitcoin and Ethereum.
Trading Insights
As a web3 practitioner, I recently realized:
- Hot trends will eventually die out, so it's best to let go when everyone is hyped.
- Buy when no one is interested.
- Early-stage niche projects are where the money is made.
- Stick with a few important projects for the long term.
- Don't be too busy; take time to relax, think, and read.
- Being too busy with investments makes it nearly impossible to make money and increases the chance of making costly mistakes.
- Find your comfortable way, follow your own pace, keep a clear mind, and act decisively.
LIFE IS LIKE A JOURNEY ▲
Below are the real trading signals from the Daibai community this week. Congratulations to the friends who followed. If your operations are not going smoothly, you can come and try it out.
The data is real, and each order has a screenshot taken at the time.
Search for the public account: Daibai Lunbi
BTC
Analysis
Bitcoin's daily chart has experienced a downward trend from around 68100 to the current level near 64300. The support is near the MA14 moving average. If it falls below, it may continue to decline to around 63000. If there is a pullback, it can be used for position building near this level. The resistance is at around 0.618 (near 65000). The MACD shows signs of a bearish crossover. The four-hour chart's support is near the MA90 moving average. Position building can be done near this level during a pullback. The resistance is near the MA7 moving average. Short-term buying opportunities are around 63500-62700, and the rebound target can be around 64300-65000.
ETH
Analysis
Ethereum's daily chart has experienced a waterfall decline from around 3480 to a low near 3130. It is currently testing the MA200 moving average. If it falls below, it may continue to decline to around 3100. Position building can be done near this level during a pullback. The MACD shows signs of a bearish crossover. The four-hour chart has a large bearish candle, with the top pressure near the MA120 moving average. The MACD shows a significant increase in bearish momentum. Short-term buying opportunities are around 3110-3076, and the rebound target can be around 3180-3240.
Disclaimer: The above content is for personal reference only and does not constitute specific operational advice or 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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