Cryptocurrency News
October 29 Hot Topics:
1. Bitcoin's trading price exceeds $70,000 for the first time in over seven months.
2. The fund flow of spot ETFs shows signs of an 'October rally'.
3. VanEck predicts Bitcoin will become a global reserve asset by 2050.
4. Coinbase Bitcoin premium index currently reports -0.084%.
5. Data: The total market value of Solana liquid staking tokens (LSTs) surpasses $5 billion, setting a new historical high.
Trading Insights
The mindset of cryptocurrency traders usually includes the following types:
- Speculative Mindset: Many traders view cryptocurrencies as a quick way to acquire wealth, hoping to make huge profits in the short term by buying low and selling high. They often focus on short-term price fluctuations and trade frequently.
- Gambling Mindset: Some treat trading like gambling, investing large amounts of money without rationally assessing market risks, overly relying on luck, and hoping to get rich from a single trade.
- Overconfidence Mindset: These traders may have made some small profits initially or believe they have a deep understanding of the cryptocurrency market, leading to overconfidence, overestimating their abilities and judgment, increasing their investment scale, and then facing liquidation!
- Fear and Greed Mindset: When prices rise, greed takes over, and they feel it can go even higher, hesitating to sell; when prices fall, fear emerges, worrying about further losses, leading to hasty selling.
- Herd Mentality: Seeing others or online information suggesting a certain coin has potential, they blindly follow and invest, lacking independent analysis and judgment, just going with the flow into the market.
It is essential to learn, reflect, summarize experiences, and draw lessons to achieve stable profits rather than seeking quick gains.
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's daily chart showed a wave of increase yesterday, rising from a low of around 67,620 to a high of around 70,350. The support level is near MA14; a pullback can be bought around this area. The resistance level can be seen at the previous high. MACD shows increasing bullish momentum, forming a golden cross. The four-hour support level is near MA7; if it breaks, it can be seen near MA30. A pullback can be bought around this area. MACD shows increasing bullish momentum.
ETH
Analysis
Ethereum's daily chart showed a surge yesterday, rising from a low of around 2,470 to a high of around 2,590. The support level is near MA90; if it breaks, it can be seen near MA60. A pullback can be bought around this area. The resistance level is near MA120. MACD shows decreasing bearish momentum and has signs of forming a golden cross. The four-hour resistance level is at 0.236 (around 2,660), and the support level is near MA60; if it breaks, it can be seen near MA120. A pullback can be bought around this area. MACD shows increasing bullish momentum.
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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