The minutes from the Federal Reserve meeting on October 10 show that there are differences regarding the rate cut in September. The market continues to adjust, and the CPI will be announced in the eve

CN
2 months ago

Cryptocurrency News

October 10 Highlights:

1. The U.S. has filed its first criminal charges against financial services companies for market manipulation and false trading in the cryptocurrency sector.

2. Gary Gensler defends the U.S. Securities and Exchange Commission (SEC) on its approach to cryptocurrency regulation.

3. The U.S. government states that Bitfinex may be the sole victim of the 2016 hacking incident.

4. State Street Bank advances the tokenization of bond and money market funds, with no current plans for stablecoins.

5. Ark Invest purchases $2.2 million in Coinbase stock while selling $36 million in Robinhood stock.

Trading Insights

No matter what, one can never be sure if a trade is correct. The subjective pursuit of being right can lead to feeling like they've found the key to wealth when correct, and doubting life when wrong. Many people struggle with the fear of loss; the higher the expectations, the greater the resistance to achieving them. If they cannot be realized, disappointment grows.

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 sent out.

Search for the public account: Big White Talks Coins

BTC

Analysis

Bitcoin suggested buying near 61777 yesterday, and it has now reached the take-profit target of 62400. The daily chart showed a waterfall drop yesterday, falling from a high of around 62550 to a low of about 60300, closing around 60650. The support level is near MA200; if it breaks, we will look towards 60000. A pullback can be bought near this level. The resistance level is near MA90. The MACD shows increasing bearish momentum. On the four-hour chart, the support is near the MA360 yearly line, and the resistance is near MA200. A breakout could lead to MA14. The MACD shows decreasing bearish momentum. A short-term buy can be made near 60175, with a rebound target of 60700-61120. If it rebounds to around 61470, a short position can be taken with a target of 60600-60000. For the medium term, a buy can be made near 59170-58600, with a rebound target of 60200-61300.

ETH

Analysis

Ethereum suggested buying near 2358 yesterday, and it has now reached the take-profit target of around 2400. The daily chart showed a pullback yesterday, falling from a high of about 2475 to a low of around 2350, closing around 2370. The resistance level is near the MA7 moving average; if it breaks, we can look towards MA30. There have been multiple tests near 2280, and a pullback can be bought near this level. The MACD shows increasing bearish momentum. On the four-hour chart, the resistance is near the MA7 moving average; if it breaks, we can look towards MA60. There have been multiple tests near 2350 forming support. The MACD shows increasing bearish momentum and has formed a death cross. A short-term buy can be made near 2277-2220, with a rebound target of 2350-2450.

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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