Cryptocurrency News
December 19 Hot Topics:
1. Analyst: ETH market sentiment has dropped to a yearly low, historical data suggests it may be a turning point.
2. Coinbase granted permission to delist WBTC, judge dismisses BiT Global's appeal.
3. U.S. stock market closes: Nasdaq plummets 3.5%, Dow Jones sets record for longest single-day consecutive decline in 50 years.
4. Wormhole partners with Nuffle Labs to extend EigenLayer's re-staking feature beyond the Ethereum ecosystem.
5. Coinbase responds to BiT Global's lawsuit regarding the delisting of WBTC.
Trading Insights
In any market, at the same moment, countless people are going long while countless others are shorting. Even when the direction of the market is correctly identified, some people take a small profit and run, while others remain unfazed, attempting to capture the massive profits from significant market trends, even if it means risking profits that seem almost secured. When trading incurs losses, some hold onto hope, unwilling to cut their losses in time, resulting in disaster; others view market misjudgments as an inevitable part of trading, decisively retreating when losses are small, avoiding major harm. Market trading is simply a buy and a sell, but behind this buy and sell lies the different concepts, awareness, purposes, and motivations of speculators, reflecting their varying values, trading philosophies, attitudes towards money, and approaches to risk. On the surface, the success or failure of market trading seems to be a matter of chance and luck. However, I believe that the ultimate fate of speculators in the financial realm is deeply rooted in the comprehensive qualities of a speculator, which is the cultivation and realm of a speculator's life. The cultivation and realm of a speculator are neither mysterious nor abstract; they are based on two aspects. One is the speculator's understanding of the market and their basic attitude towards some significant principled issues in market trading; the other is the speculator's self-awareness, which includes insights into the unchanging nature of humanity over thousands of years, such as hope, greed, fear, luck, arrogance, etc., as well as a profound reflection on their own psychological weaknesses, character flaws, thinking, and behavioral habits.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community's trading group 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
Affected by yesterday's news, Bitcoin's daily line showed a decline, dropping from a high of around 106,500 to a low of around 100,000, closing around 100,200. The support level is near MA30; a pullback can be used to go long in that area. The resistance level is near the MA7 moving average; a breakout could see it rise to around 104,500. MACD shows bearish momentum. The four-hour support level is near MA120; if it breaks, it could drop to around MA200. A pullback can be used to go long in that area. Short-term support is given at around 100,100-99,100 for going long, with a rebound target of around 102,800-106,500.
ETH
Analysis
Ethereum's daily line dropped from a high of around 3,910 to a low of around 3,620, closing around 3,630. The support level is near 3,620; a pullback can be used to go long in that area. The resistance level is near MA30; a breakout could see it rise to around MA14. MACD shows increasing bearish momentum. The four-hour support level is near MA200; a pullback can be used to go long in that area. The resistance level is near the MA7 moving average; a breakout could see it rise to around MA30. MACD shows decreasing bearish momentum. Short-term support is given at around 3,620 for going long, with a rebound target of around 3,770-3,930.
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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