Cryptocurrency News
November 19 Highlights:
1. Spot Bitcoin ETF options may start trading as early as tomorrow.
2. Pump.fun deposited 105,000 SOL into Kraken, stabilizing withdrawals.
3. Bitcoin mining difficulty increased by 0.63% to 102.29 T this morning, setting a new historical high.
4. MicroStrategy plans to issue $1.75 billion in convertible notes, intended for increasing Bitcoin holdings.
5. Wall Street giants are increasing their stakes in MicroStrategy as MSTR outperforms Bitcoin.
Trading Insights
Five iron rules for trading in a bull market, remember them! If the price rises quickly and then falls slowly, it indicates accumulation. If the price shoots up rapidly but falls slowly, it’s likely that the market makers are quietly accumulating, preparing for another surge. If the price drops quickly and rises slowly, it’s a signal to sell; if the price is plummeting but rises like a snail, it may indicate that the market makers are quietly selling, and the market is about to turn bearish. If there’s high volume at the top, don’t rush to sell; if volume is increasing rapidly at a high point, don’t panic, there may still be opportunities. But if the volume shrinks to a line, quickly withdraw, as the price won’t move much. If there’s high volume at the bottom, hold off on buying; if volume continues to increase, then consider entering. If volume suddenly spikes at the bottom, don’t rush to buy, as it may just be a pause in a downtrend. If volume steadily increases, then it’s worth considering entering the market. Trading cryptocurrencies is all about sentiment; volume reflects the collective attitude of the market. Price fluctuations are driven by market emotions; volume is the manifestation of a unified mindset, so follow it with confidence. The test of a bull market is not just the rise and fall of prices, but also a test of our mindset.
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, feel free to 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 Coins
BTC
Analysis
Bitcoin's daily chart showed a rise from a low of around 89,400 to a high of around 92,660 yesterday, closing near 90,500. The upper resistance is around 92,000; a breakout could lead to new highs. The lower support is near the MA7 moving average; a pullback can be used to accumulate. MACD shows a decrease in bullish momentum. The four-hour trend is volatile, with lower support near the MA30; a pullback can be used to accumulate long positions. MACD shows a decrease in bearish momentum and indicates a potential golden cross.
ETH
Analysis
Ethereum's daily chart showed a rebound from a low of around 3,050 to a high of around 3,225 yesterday, closing near 3,210. The upper resistance is around 3,250, while the lower support is near the MA200; a drop below this could lead to the MA360 yearly line. A pullback can be used to accumulate long positions. MACD shows a decrease in bullish momentum and indicates a potential death cross. The four-hour lower support is near the MA90; a drop below this could lead to the MA120. A pullback can be used to accumulate long positions, with upper resistance around 3,300. MACD is stabilizing; short-term support can be found around 2,960-2,880 for long positions, with rebound targets around 3,100-3,230.
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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