Crypto Circle News
October 3 Hot Topics:
1. The SEC has submitted a notice of appeal in the Ripple $XRP case.
2. The U.S. Securities and Exchange Commission (SEC) appeals the ruling in the Ripple case, citing conflicts with Supreme Court precedents.
3. OpenAI, the creator of ChatGPT, has raised $6.6 billion at a valuation of $157 billion.
4. CryptoQuant: Bitcoin demand is stabilizing, and a rebound in the fourth quarter requires stronger growth.
5. EigenLayer's token issuance is under scrutiny due to supply issues.
Trading Insights
How to identify major players' wash trading and selling; in the crypto space, understanding the key points of major players' wash trading and selling is crucial for success in the market. Here are some key tips:
Pay attention to trading volume: Volume typically shrinks during wash trading and expands during selling.
Note the price position: Major players usually wash trade when the price has risen about 30%, and when the increase exceeds 60%, one should be wary of potential selling.
Analyze intraday charts: The intraday chart during wash trading often shows erratic movements, while the chart during selling is relatively stable.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the friends 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 the time it was sent.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin suggested to buy near 60200 yesterday and is currently in profit. The daily chart formed a pin bar yesterday, with a high spike near 62350 and a low drop to around 60000, closing near 60650. The upper resistance is around MA120; a breakout could see it reach near the MA7 moving average. The lower support is around MA30; a drop below that could see it reach near MA60. A pullback could be a buying opportunity nearby. MACD shows increasing bearish momentum. On the four-hour chart, the upper resistance is around MA120; a breakout could see it reach near MA90. MACD shows decreasing bearish momentum, with signs of a golden cross forming. Short-term buying can be considered around 60800-59380, with rebound targets near 62300-63400.
ETH
Analysis
Ethereum's daily chart fell from a high of around 2500 to a low of around 2350 yesterday, closing near 2365. The lower support is around 2300; a pullback could be a buying opportunity nearby. The upper resistance is around MA30; a breakout could see it reach near MA60. MACD shows increasing bearish momentum, forming a death cross. On the four-hour chart, the upper resistance is around the MA7 moving average; a breakout could see it rise to near MA200. MACD shows decreasing bearish momentum. Short-term buying can be considered around 2320-2278, with rebound targets near 2410-2480.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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