Cryptocurrency News
October 8 Highlights:
1. Infinex selects Wormhole as the main multi-chain infrastructure provider.
2. 21Shares urges the European ESMA to establish a unified regulatory framework to include crypto assets in UCITS.
3. Matrixport: Global cryptocurrency adoption is expected to reach 8% by 2025.
4. The Supreme Court will not hear the case regarding the seizure of $4.4 billion in Bitcoin from Silk Road.
5. After court approval of bankruptcy, FTX will return $16 billion to customers.
Trading Insights
Remember the following points to make big money in the cryptocurrency market!
There are many opportunities to make money in the market; be bold in trying.
Stay updated on trends, such as on-chain memes and secondary narratives.
Withdraw your principal in a timely manner; don’t assume you can roll over more.
If the market has significant bearish expectations, clear your positions and take a break.
Stick to your strategy; don’t let others influence you.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White 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 issued.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin suggested entering short around 64500 yesterday, with the highest point reached. It has now hit the take-profit target near 62850. You can build positions and continue waiting for the second target. The daily chart showed a spike up to around 64500, closing near 62200. The support level is near the MA7 moving average; if it breaks, we will look towards the MA60. A pullback can be used to enter long positions nearby. The resistance level is near the MA200. The MACD shows a decrease in bearish momentum, with signs of a golden cross forming. The four-hour chart shows support near the MA30; if it breaks, we will look towards the MA200. A pullback can be used to enter long positions nearby. The resistance level is near the MA60; if it breaks, we can look towards the MA90. The MACD shows a decrease in bullish momentum, forming a death cross. In the short term, a range of 61860-60800 can be used to enter long positions, with a rebound target of 62400-63500.
ETH
Analysis
Ethereum suggested entering short around 2515 yesterday, with the highest point reached. It has now successfully hit the take-profit target near 2452. You can reduce your holdings and wait for the second take-profit target. The daily chart showed a spike up to around 2520, closing near 2420. The support level is near the MA7 moving average; if it breaks, we will look towards 2350. A pullback can be used to enter long positions nearby. The resistance level is near the MA30. The MACD shows a decrease in bearish momentum, with signs of a golden cross forming. The four-hour chart shows resistance near the MA200; if it breaks, we can look towards the MA60. The MACD shows a decrease in bullish momentum, with signs of a death cross forming. In the short term, a range of 2354-2277 can be used to enter long positions, with a rebound target of 2400-2490.
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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