Cryptocurrency News
November 2 Hot Topics:
1. Bitcoin mining daily income and gross profit continue to decline, while network hash rate hits a historical high.
2. Switzerland's largest bank, UBS, has launched the world's first tokenized fund based on Ethereum.
3. The U.S. government is seeking to recover $13 million in political donations from former FTX executives.
4. Coinbase stated that the FDIC has "advised" banks not to provide cryptocurrency services more than 20 times.
5. DWF Labs is considering legal action against former partner Eugene Ng due to allegations of drugging drinks.
Trading Insights
- Be patient and wait during consolidation; do not act hastily. After consolidation comes a trend change.
- Short-term hot stocks often involve speculation; when the hype fades, funds withdraw. Frequently change positions to mitigate risks.
- During acceleration, hold steady as the K-line rises slowly. When a high opening bullish candle appears with increased volume, the market accelerates; hold your position and wait for profits.
- After a massive bullish candle, exit decisively regardless of high or low positions to avoid profit retracement.
- Moving average support levels and key trading points are crucial; even if wrong, follow the rules.
- It’s better to enter less than to rush in; prepare before taking action. The only constant in the cryptocurrency world is change, so proceed with caution.
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.
Data is real, and each trade has a screenshot from the time it was issued.
Search for the public account: Big White Talks Cryptocurrency
BTC
Analysis
Bitcoin suggested to buy around 69080 yesterday, and it has now reached the second take-profit target near 70800, with a maximum price difference of $1720. The daily line showed a pullback yesterday, with a high spike to around 71650 and a low drop to around 68800, closing near 69500. The support level is near MA14; if it breaks, it could drop to the trend line. A pullback can be used to buy near this level. The resistance level is near the MA7 moving average; if it breaks, it could reach around 71000. MACD shows a decrease in bullish momentum and signs of a potential death cross. The four-hour support level is near MA60; if it breaks, it could drop to MA120. A pullback can be used to buy near this level. The resistance level is near MA14; if it breaks, it could reach MA30. MACD shows a decrease in bearish momentum.
ETH
Analysis
Ethereum's daily line formed a pin bar yesterday, with a high spike to around 2590 and a low spike to around 2465, closing near 2510. The resistance level is near the MA7 moving average; if it breaks, it could reach around 2600. The support level is near MA60; if it breaks, it could drop to around 2400. A pullback can be used to buy near this level. MACD shows an increase in bearish momentum. The four-hour support level is near MA360; if it breaks, it could drop to around 0.786. A pullback can be used to buy near this level. The resistance level is near MA200; if it breaks, it could reach MA90. MACD shows a decrease in bearish momentum.
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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