Cryptocurrency News
December 1st Highlights:
1. U.S. President-elect Trump stated that if BRICS countries create a new currency to replace the "strong dollar," they will face a 100% tariff.
2. The SEC has sued Touzi Capital and its CEO for allegedly committing a $115 million fraud.
3. In the past 24 hours, the entire network experienced liquidations of $256 million, with both long and short positions being liquidated.
4. Aide Financial has been approved for a capital market services license in Singapore and plans to expand its local business into virtual assets and other fields.
5. XRP has surged past $1.90, reaching a new high since April 2021.
Trading Insights
We have reached a stage in the bull market where people are debating whether to take profits or hold firm, even adding to their positions while in profit. Based on past experiences, I summarize the operations in a bull market into two points: either set a time for the bull market, and at that time, regardless of the price, take profits; or set a price, and at that price, regardless of when, exit. This is the easiest operation to execute because there are clear dimensions for judgment. For most people, there isn't the skill for swing trading or short-term trading; medium to long-term operations are more suitable. The judgment of a bull market must be a definite "yes or no," so that one can withstand all the shakeouts and false dips, or avoid real crises. One must not waver between yes and no; for example, seeing Bitcoin at a million yesterday and then expecting it to drop to ten thousand tomorrow will surely lead to being caught in numerous terrifying shakeouts. I've been here for nearly ten years and have seen far too much. Tomorrow is December, which should be a rather dull market, providing enough time for everyone to think about strategies for next year. If you have made up your mind, remember to strictly execute your strategy next year, regardless of whether you are right or wrong; consistency is definitely better than being indecisive. Next year is likely to be the most uncertain year since the major crisis of 2020, with too many uncertain factors. If you are easily influenced by information, it is best to first extract yourself from the chaos, calmly observe the changes in the world, and remain steadfast.
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 the time it was sent.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily chart showed a drop from a high of around 97,500 to a low of around 95,200, closing around 96,400. The support level is near the MA14; a pullback can be used to buy near this level. The resistance level is around 98,000. The MACD shows an increase in bearish momentum. The four-hour trend is fluctuating, with support near the MA30; if it breaks, it can be seen down to the MA90. A pullback can be used to buy near this level. The MACD shows an increase in bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily chart showed a rebound from a low of around 3,660 to a high of around 3,740, closing around 3,700. The support level is near the MA7; if it breaks, it can be seen down to the MA14. A pullback can be used to buy near this level. The MACD shows an increase in bullish momentum. The four-hour support level is near the MA14; if it breaks, it can be seen down to the MA30. A pullback can be used to buy near this level. The MACD shows a decrease in bullish momentum and is showing signs of forming a death cross.
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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