Cryptocurrency News
September 20th Hot Topics:
1. Judge dismisses Consensys' lawsuit against the U.S. Securities and Exchange Commission regarding Ethereum and MetaMask.
2. U.S. election betting: CFTC and Kalshi both face judge's inquiries in the appeals court.
3. Custodia claims that the Federal Reserve's attempt to "destroy" crypto banks is politically motivated.
4. Former Coinbase executive launches TrueX, a trading platform based on stablecoins.
5. Bloomberg analyst: 2x leveraged MSTR ETF's first-day trading performance is impressive, expected to exceed $10 million.
Trading Insights
Five major misconceptions about the cryptocurrency market:
- Overly panicking about market downturns: During significant market fluctuations, such as the dark moments of 94 and 312, or the mining purge in 2021, some individuals fall into extreme panic, as if the end of the world is near.
- Blindly following others' actions: Blindly following others' decisions without analysis, lacking independent judgment and opinions.
- Fantasizing about getting rich overnight: Always hoping to instantly gain huge wealth in the cryptocurrency market, without focusing on long-term accumulation and stable investment strategies.
- Underestimating small price fluctuations: Disregarding small profits while not having enough capital to seize larger opportunities.
- Constant anxiety and restlessness: Being anxious all day about the cryptocurrency market's fluctuations, unable to focus on other meaningful activities.
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 trades are not going well, you can come and give it a try.
Real data, each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin's daily chart rebounded from around 61550 to near 63800 yesterday, closing near 63000. The support is near MA120, and a long position can be taken near the support level. The resistance is near MA200, and a breakthrough may lead to around 65000. The MACD shows a bullish trend. On the 4-hour chart, the support is near MA14, and a long position can be taken near the support level. The MACD shows a decrease in bullish momentum. A short-term rebound to around 64870-65500 can be used to enter a short position, with the target around 64150-63500. A mid-term entry can be made near 62300-61200, with the rebound target around 64500-67800.
ETH
Analysis
Ethereum's daily chart saw a rebound from around 2370 to near 2495 yesterday, closing near 2465. The resistance is near MA60, and the support is near MA30. A long position can be taken near the support level. The MACD shows a bullish trend. On the 4-hour chart, the support is near MA200, and a drop below may lead to MA14. A long position can be taken near the support level. The resistance is near the MA360 yearly line, and the MACD shows a bullish trend.
Disclaimer: The above content is purely personal opinion and is for reference only. It 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 are any areas that are not understood, feel free to inquire.
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