Crypto Circle News
October 27 Hot Topics:
1. Coinbase enters maintenance mode, spot trading may be suspended for up to two hours.
2. Media: TSMC stops supplying chips to Bitmain's affiliated AI companies.
3. Sui plans to fix the epoch change bug on October 27, staking rewards will be delayed.
4. CME Fed Watch: The probability of the Fed maintaining interest rates has dropped to 2%.
5. A counterfeit application impersonating Curve Finance has made it to the top 100 financial apps on the Apple App Store.
Trading Insights
I now understand a phrase about the shift in thinking from the secondary market to on-chain: memes only look at narratives. Below are the components of a narrative: 1. The initiator, that is, the source, who is leading this narrative? If Musk tells you he bought a coin, would you dare to go all in? But if I tell you I bought a coin, would you dare to go all in? 2. The connotation of the narrative, is it highbrow or lowbrow? The narrative of crowdfunding to buy the Constitution, does it have more depth than a KOL telling you the name of his dog? 3. The audience of the narrative, generally speaking, if your narrative can move old money, those who really don’t care about profit or loss, then your narrative is top-tier. Ordinary memes can only attract gamblers, while top-tier memes will only attract true believers. 4. The consensus of the narrative, let’s take $fight as an example, the consensus around fight is strong. You see, once a slogan is shouted, we all fomoed. The consensus of fight comes from the consensus of Trump fans, which is then transferred to the coin's consensus. 5. The funding capacity of the narrative, larger narratives have larger funding capacities. This funding will not only stay within this narrative; on the contrary, it will spill over into surrounding "imitations," such as Dogecoin, which has many imitators, and quite a few have succeeded. Have you understood this?
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trading group orders from the Big White Community this week. Congratulations to the coin friends who followed along. If your operations are not going smoothly, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was sent.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily chart showed a rebound yesterday, bouncing from a low of around 66,400 to a high of around 67,500, closing around 67,100. The upper resistance is near the MA7 moving average; a breakout could lead to the upper trend line. The lower support is near the MA30; a pullback could allow for buying near this level. MACD shows an increase in bearish momentum, forming a death cross. On the four-hour chart, the lower support is near the MA90; a break could lead to the MA120. A pullback could allow for buying near this level. The upper resistance is near the MA60; MACD is oscillating and flattening, with the two lines converging.
ETH
Analysis
Ethereum's group suggested shorting around 2,490 yesterday, and it has now reached the take-profit target of around 2,462. The daily chart showed a rebound yesterday, bouncing from a low of around 2,430 to a high of around 2,510, closing around 2,480. The upper resistance is near the MA30; a breakout could lead to the MA90. The lower support is near 2,430; a pullback could allow for buying near this level. MACD shows an increase in bearish momentum. On the four-hour chart, the lower support is near the MA7 moving average; a pullback could allow for buying near this level. The upper resistance is near the MA360 yearly line; MACD shows an increase in bullish momentum, forming a golden cross.
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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