Cryptocurrency News
October 1st Highlights:
1. Federal Reserve's Bostic expresses openness to a 50 basis point rate cut in November.
2. Ohio Senator Niraj Antani introduces a bill allowing the use of Bitcoin and cryptocurrencies for state and local tax payments.
3. Due to timezone technical issues, Polymarket gamblers will lose their bets on the Eigen airdrop at the last moment.
4. MicroStrategy's next Bitcoin purchase may exceed its holdings in Grayscale's GBTC.
5. The Trump family's crypto project WLFI announces the official opening of whitelist registration.
Trading Insights
The overall rise of a bull market is not a straight line upward, just as the overall decline of a bear market is not a straight line downward; both are tortuous and volatile. There will be pullbacks during rises and rebounds during declines. These are truths that everyone understands, but the key issue is whether you can determine if the trend is upward or downward. If you cannot judge the trend, you may easily fall into a vicious cycle of chasing highs and cutting losses, rather than calmly facing market fluctuations.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Daba community this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.
The data is real, and each trade has a screenshot from when it was sent out.
Search for the public account: Daba Talks Coins
BTC
Analysis
Bitcoin suggested buying around 63000 yesterday, with the lowest entry point. Currently, the position is profitable. The daily line showed a pullback yesterday, dropping from a high of around 65600 to a low of around 62800, closing around 63300. There have been multiple tests around 62800 forming support; a pullback can be used to buy in that area. The upper pressure is near the MA7 moving average. The MACD shows a decrease in bullish momentum, indicating a potential death cross. On the four-hour chart, the upper pressure is near the MA60; a breakout could lead to the MA14 area. The lower support is near the MA7 moving average; a drop below could see it go to the MA90 area. A pullback can be used to buy in that area. The MACD shows a decrease in bearish momentum, indicating a potential golden cross. In the short term, buying can be considered around 63350-62800, with a rebound target around 63800.
ETH
Analysis
Ethereum suggested buying around 2583 yesterday, and it has now reached the profit target of around 2630, with a maximum price difference of about 50 dollars. The daily line dropped from a high of around 2660 to a low of around 2575, closing around 2600. The lower support is near the MA14; a drop below could see it go to the MA60 area. A pullback can be used to buy in that area. The upper pressure is near the MA7. The MACD shows a decrease in bullish momentum. On the four-hour chart, the lower support is near the MA7; a drop below could see it go to the MA90 area. A pullback can be used to buy in that area. The MACD shows a decrease in bearish momentum, indicating a potential golden cross. In the short term, buying can be considered around 2606-2566, with a rebound target around 2630-2670.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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