Cryptocurrency News

February 11 Highlights:

1. Grayscale Cardano Trust submits application for public listing.

2. According to The Wall Street Journal, a team led by Elon Musk proposed to buy control of the nonprofit organization OpenAI for $97.4 billion.

3. Bloomberg senior ETF analyst: The probability of ETF approval for Litecoin and Dogecoin is particularly high.

4. Japan's Financial Services Agency plans to advance Bitcoin ETF approvals and cryptocurrency tax reforms, and assess the applicability of the current regulatory framework.

5. Spot gold prices rise above $2,910, setting a new historical high.

Trading Insights

1. Set the Tone in the Morning, Start a New Day of Profit
   The morning cryptocurrency market is like an uncut jade, purest in form. Without excessive market noise, price fluctuations at this time often contain key information. If a significant drop occurs, don’t hesitate; it could be an excellent opportunity to buy the dip! It’s like treasure hunting in a pile of cheap gems; once you seize the opportunity, the subsequent gains may exceed expectations. If the market surges, don’t let victory cloud your judgment; securing profits promptly is wise. Hold onto your gains tightly to face the next challenge with confidence.

2. Maintain Rhythm in the Afternoon, Avoid the Trap of Chasing Highs
   The afternoon cryptocurrency market is like a lively dance party, but hidden dangers lurk within. When the market surges, don’t let the temporary excitement cloud your judgment; blindly chasing highs can easily leave you “standing guard” as a bag holder. Similarly, if a significant drop occurs, don’t panic; stay calm. Remember, market trends often have twists and turns, and the next day you might find the right low point to enter easily and start a new profit journey.

3. Don’t Panic During Declines, Wait for Market Recovery
   A morning crash can be termed the “black moment” of the cryptocurrency market, but it’s precisely during such times that you must maintain a clear mind. Don’t rush to cut losses due to temporary panic; the market changes rapidly, and a reversal could happen at any moment. Be patient and give the market some time to recover; you’ll find that dawn often follows the darkest moments.

4. Have Principles in Buying and Selling, Refuse Blind Operations
   In cryptocurrency trading, you must adhere to your principles. Don’t sell until you reach your target price; don’t buy until you reach your expected low price. When facing sideways markets, it’s even more crucial to restrain your impulses and avoid blind trading. In such situations, market direction is unclear, and blind operations will only increase risks, putting your funds in danger.

5. Buy on Dips and Sell on Rallies, Operate with the Trend for Stability
   When a bearish candle appears, it’s like the market sending you a “low-price entry” signal; at this time, boldly buy on dips and wait for a market reversal. When a bullish candle rises and the market is thriving, decisively take profits at highs. This trend-following method allows you to navigate the cryptocurrency market steadily, reducing risks and increasing returns.

6. Reverse Thinking Wins, Break the Norms for Future Success
   In the cryptocurrency market, public behavior is often misleading. When everyone is frantically chasing prices, stay calm, as the market may have overheated and is at risk of a pullback. Conversely, when everyone is panic-selling, be bold to act, as this could be an excellent opportunity to buy the dip. Reverse operations often allow you to find breakthroughs in unexpected places, yielding substantial returns.

7. Endure the Consolidation Period, Wait for Clear Trends
   Sideways markets test patience the most in cryptocurrency trading. During this time, the market may seem calm, but undercurrents are at play. Don’t be deceived by temporary tranquility, nor let your emotions dictate your actions. Be patient and wait until the trend becomes clear before making decisions. Believe that only by enduring loneliness can you maintain prosperity.

8. Don’t Get Attached to Highs, Take Profits in Time to Secure Gains
   When the price consolidates at a high and then surges again, it often signals the market's “final frenzy.” At this point, don’t let greed blind you; take profits in time to secure your gains. The longer you stay at high levels, the greater the risk; a slight misstep could nullify your previous efforts. Cryptocurrency trading is like a war without gunpowder; only by mastering the right methods and strategies can you navigate it with ease. I hope these 8 trading insights become your winning tools in the cryptocurrency market, helping you achieve financial freedom in this challenging environment!

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 authentic, with screenshots of each trade at the time.

Search for the public account: Big White Talks Cryptocurrency

BTC

Analysis

Bitcoin's daily line rose from a low of around 95,250 to a high of around 98,350 yesterday, closing around 97,400. The support level is around 95,650; if it breaks, it could drop to around 94,100. A pullback can be bought near this level. The resistance level is around MA60; if it breaks, it could rise to around MA30. MACD shows a decrease in bearish volume, indicating a potential golden cross. The four-hour support level is around MA30; a pullback can be bought near this level. The resistance level is around 99,000; if it breaks, it could rise to around MA90. MACD shows an increase in bullish volume.

ETH

Analysis

Ethereum's daily line rose from a low of around 2,560 to a high of around 2,695 yesterday, closing around 2,660. The support level is around 2,565; a pullback can be bought near this level. The resistance level is around 2,795; if it breaks, it could rise to around MA14. MACD shows a decrease in bearish volume, indicating a potential golden cross. The four-hour support level is around MA14; a pullback can be bought near this level. The resistance level is around MA60; MACD shows an increase in bullish volume.

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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