On October 13, Bitcoin demand showed signs of recovery, with a monthly growth rate reaching a new high since April. Is a big market about to arrive?

CN
2 days ago

Cryptocurrency News

Hot Topics on October 13:

1. Donald Trump will launch a cryptocurrency token sale on Tuesday.

2. Arbitrum DAO members propose to recall $120 million from the gaming fund.

3. Experts: OpenAI may have exceeded the limitations of its nonprofit structure and faces restructuring and scrutiny.

4. Data: Base trading volume surges, accounting for 40-60% of the total volume of the three major L2 blockchains.

5. A whale withdrew 32.28 million PEPE from Binance, worth $3.25 million.

Trading Insights

Some people who made money from trading cryptocurrencies became extravagant after earning significant profits. They discarded the frugality mindset they had when they first entered the market. They became arrogant, looking down on others, and their desires were constantly unleashed as more people began to idolize them, leading to chaos in their personal lives. As a result, their character deteriorated, attracting more troubles, lawsuits, and scandals. Their business went bankrupt, people around them betrayed them and left, no longer trusting them. Those close to them felt ashamed and disgusted, leading to disappointment. Therefore, when business is thriving, the boss should first ensure that those around them are doing well, not just enjoying themselves, and certainly not falling into decadence. They must constantly remind themselves to maintain a pure heart, wholeheartedly create a happy life for more people, and restrain personal desires.

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 About Coins

BTC

Analysis

Bitcoin suggested to short around 63400 yesterday, and it has now reached the take-profit target near 62800. The daily line showed a rebound yesterday, bouncing from a low of around 62500 to a high of around 63500, closing near 63200. The support level is near MA30; if it breaks, it could drop to MA120. A pullback can be used to enter long positions nearby. The resistance level is near MA200. The MACD shows a decrease in bearish momentum, indicating a potential golden cross. The four-hour support is near MA90; if it breaks, it could drop to MA60. A pullback can be used to enter long positions nearby. The resistance level is near the MA7 moving average. The MACD shows a decrease in bullish momentum. A short-term entry can be made around 62170-61380 for long positions, with a rebound target of 62800-66000.

ETH

Analysis

Ethereum showed a rebound on the daily line yesterday, bouncing from a low of around 2435 to a high of around 2490, closing near 2475. The resistance level is near MA60, and the support level is near MA14, with multiple tests around 2380. A pullback can be used to enter long positions nearby. The MACD shows a decrease in bearish momentum, indicating a potential golden cross. The four-hour resistance is near MA200; if it breaks, it could reach MA120. The support is at MA60, and a long position can be set up near the previous spike at 2330. The MACD shows a decrease in bullish momentum. A short-term entry can be made around 2382-2330 for long positions, with a rebound target of 2470-2510.

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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