On December 22, the spot ETF for Bitcoin saw a total net outflow of 277 million dollars on Friday, with the ETF net asset ratio reaching 5.75%.

CN
1 year ago

Cryptocurrency News

December 22 Hot Topics:

1. The President of El Salvador plans to increase daily Bitcoin purchases, with a medium-term goal of accumulating 20,000 Bitcoins.

2. Former U.S. Comptroller of the Currency Brian Brooks has joined the board of MicroStrategy.

3. Vitalik: Supports the development of "tools that enhance human intelligence," rather than pursuing independent superintelligent life forms.

4. VanEck's research director: If the U.S. establishes a Bitcoin reserve, it is expected to offset 36% of the national debt by 2050.

5. U.S. SEC Commissioner: Willing to reconsider physical redemption and staking for Bitcoin and Ethereum ETFs.

Trading Insights

An experienced trader shares trading insights:

  1. Determine the trend, find entry points, and calculate the risk-reward ratio.
  2. Frequent trading: Can't control the urge to trade, set a target for daily profits in USD and stop once reached. Earning a living through trading is a mindset that cannot be achieved in the market.
  3. Not setting stop-losses and over-leveraging can lead to significant account drawdowns, which are difficult to manage; this is a major taboo.
  4. Open positions should be profitable; do not set a break-even point. Underestimating small amounts can lead to missing out on larger profits. Many seasoned traders make this mistake.
  5. Confirm the trend; do not open counter-trend positions for small profits when you don't have a trend-following position. Always focus on one direction!
  6. The same stop-loss and take-profit points given by the teacher. Out of 10 trades, 7 may be profitable and 3 may incur losses (liquidation).
  7. Set loss limits and calculate how much to lose per stop-loss. For example: with a $10,000 account, if you can accept a $500 stop-loss, set a stop-loss at 1 BTC for a 500-point drop.
  8. Trading anxiety can lead to poor sleep and constant phone checking. This is a common issue for beginners. If you can't manage your mindset, you won't trade well.
  9. Set stop-losses when opening positions, ensuring each trade is within an acceptable range. Never get liquidated; you can always recover. It's not about who makes the most temporarily, but who can survive in this ever-changing trading market.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trades from the Big White Community's group 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 sent.

Search for the public account: Big White Talks Coins

BTC

Analysis

Bitcoin's daily chart showed a drop from a high of around 99,600 to a low of around 96,400 yesterday, closing around 97,300. The support level is around 94,300, and a pullback can be used to buy. The resistance level is near the MA30; a breakout could lead to the MA14 level. The MACD shows increasing bearish momentum. The four-hour trend is volatile, with resistance near the MA30 moving average; a breakout could lead to the MA120 level. The MACD shows increasing bullish momentum, forming a golden cross. Short-term buying can be considered around 94,700-93,000, with a rebound target of 96,500-99,000.

ETH

Analysis

Ethereum's daily chart showed a drop from a high of around 3,555 to a low of around 3,295 yesterday, closing around 3,340. The support level is near the MA60; a pullback can be used to buy. The resistance level is around 3,560; a breakout could lead to the MA7 moving average. The MACD shows increasing bearish momentum. The four-hour support level is near the MA360 yearly line; a pullback can be used to buy. The resistance level is near the MA14; a breakout could lead to around 3,495. The MACD shows increasing bullish momentum, forming a golden cross.

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 may have some lag. If you have any questions, feel free to consult.

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