After the big surge to 70,000 on October 22 failed, there was a pullback. The fear and greed index reached 72, indicating extreme greed.

CN
4 hours ago

Cryptocurrency News

October 22 Hot Topics:

1. LayerZero CEO reveals Across token contract vulnerability and proposes a solution.

2. Ripple co-founder Chris Larsen states he will donate $10 million in XRP to Kamala Harris.

3. U.S. Federal Reserve official Kashkari states: Transactions in cryptocurrency are very few, unless related to drugs or illegal activities.

4. Cryptocurrency donations for the 2024 U.S. elections have exceeded $190 million.

5. Sushi releases Super Swap roadmap.

Trading Insights

Here's a cold joke: 90% of people in the crypto space believe they can become billionaires. From this data, we can draw a conclusion: most people have a significant deviation in self-awareness, just like 80% of drivers think their driving skills are above average. The real data in this space shows that only 1% of people can make money, about 5% break even (if you can avoid losses, you are already ahead of 90% of the market), and the rest are being harvested. Of course, becoming part of the top 1% is not impossible, as the class mobility in this space is still relatively open; the 1% club can change at any time. Someone who was doing well recently may soon be replaced by a newcomer.

LIFE IS LIKE

A JOURNEY ▲

Below are the actual 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 Coins

BTC

Analysis

Bitcoin suggested to short around 69270 on the 20th, and it has now reached the take-profit target near 66810, with a maximum price difference of $2460. The daily chart showed a pullback yesterday, dropping from a high of around 69600 to a low of around 66850, closing near 67400. The upper resistance is around 68000; if broken, it could reach around 69000. A rebound to this area could be a good opportunity to short. The lower support is near MA14; a pullback could be a good opportunity to long. MACD shows a decrease in bullish momentum and signs of a death cross. The four-hour lower support is near MA60; if broken, it could reach MA90. A pullback could be a good opportunity to long. MACD shows an increase in bearish momentum. Short-term support is given at 66230-65680, which could be a good opportunity to long, with rebound targets at 67400-68500. A rebound to 68000-69000 could be a good opportunity to short, with targets at 67000-66230.

ETH

Analysis

Ethereum suggested to long around 2630 yesterday, and the position is currently profitable. The daily chart showed a pullback yesterday, dropping from a high of around 2770 to a low of around 2655. The lower support is near MA90; if broken, it could reach MA30. A pullback could be a good opportunity to long. The upper resistance is around 2720. MACD shows a decrease in bullish momentum and signs of a death cross. The four-hour lower support is near MA90; if broken, it could reach 0.5 (around 2555). A pullback could be a good opportunity to long. MACD shows an increase in bearish momentum, forming a death cross. Short-term support is given at around 2558, which could be a good opportunity to long, with rebound targets at 2650-2720.

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 has a certain lag. If you have any questions, feel free to consult.

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