Cryptocurrency News

February 21 Hot Topics:

1. U.S. Federal Reserve Vice Chair: The Fed remains neutral on the issue of cryptocurrency de-banking.

2. The SEC will make a decision on the Grayscale XRP ETF by October 18.

3. The Canary Litecoin ETF has been listed on the DTCC website.

4. The U.S. Securities and Exchange Commission has established a "Cyber and Emerging Technologies Division" to combat cyber-related misconduct.

5. Figure has received approval from the SEC to issue the first interest-bearing stablecoin, YLDS.

Trading Insights

Here are some key points for retail investors in the cryptocurrency market to share!

1. Keep a close eye on Bitcoin trends. In the cryptocurrency market, Bitcoin often leads the direction of price movements. While Ethereum can sometimes perform independently, most altcoins are influenced by Bitcoin.
2. Pay attention to the relationship between Bitcoin and USDT. Bitcoin and USDT often move in opposite directions; when USDT rises, be cautious of a drop in Bitcoin, and when Bitcoin rises, it’s a good time to buy USDT.
3. Seize trading opportunities in the early morning. From 12 AM to 1 AM, price spikes can occur. Domestic traders can place low buy orders for their desired coins before sleeping and high sell orders, which may lead to unexpected profits.
4. Observe morning price movements. From 6 AM to 8 AM is a critical time for deciding whether to buy or sell. If there is a continuous drop from 12 AM to 6 AM, and it continues to drop, it’s advisable to buy or add to positions, as there’s a good chance of a rise that day; if there’s a continuous rise, it’s better to sell, as a drop is likely that day.
5. Watch for afternoon volatility. Pay special attention at 5 PM, as U.S. traders begin to operate, which may trigger price fluctuations; many significant price movements occur at this time.
6. Be cautious of "Black Friday." There is a saying in the cryptocurrency community about "Black Friday." While there can be significant drops on Fridays, there can also be large rises or sideways movements; just keep an eye on the news.
7. Consider external influencing factors. The cryptocurrency market is affected by various factors, such as countries' attitudes towards cryptocurrencies, which can lead to declines if negative; U.S. financial policies; and influential figures' opinions on cryptocurrencies, like Elon Musk's statements. Stay updated with financial news.
8. Maintain a good trading mindset. A proper trading mindset is crucial; don’t panic during drops, and don’t get arrogant during rises. Locking in profits is key.

LIFE IS LIKE

A JOURNEY ▲

Below are the real-time trades from the Daba 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 when it was issued.

**Search for the public account: *Daba Discusses Coins*

BTC

Analysis

Bitcoin's daily chart showed an increase from a low of around 95050 to a high of around 96900 yesterday, closing around 96650. The support level is around 95000; if it breaks below, it could drop to around MA120. A pullback can be a good opportunity to buy. The resistance level is around MA30; if it breaks above, it could reach around 100000. The MACD shows increasing bullish momentum, forming a golden cross. On the four-hour chart, the support level is around MA120; if it breaks below, it could drop to around MA90. A pullback can be a good opportunity to buy. The resistance level is around MA360; if it breaks above, it could reach around MA200. The MACD shows decreasing bullish momentum. A short-term buy can be considered around 95500, with a rebound target of around 98200-100000.

ETH

Analysis

Ethereum's daily chart showed an increase from a low of around 2705 to a high of around 2770 yesterday, closing around 2740. The support level is near the MA7 moving average; if it breaks below, it could drop to around 2650. A pullback can be a good opportunity to buy. The resistance level is around 2800; if it breaks above, it could reach around MA30. The MACD shows increasing bullish momentum. On the four-hour chart, the support level is around MA90; a pullback can be a good opportunity to buy. The MACD is stabilizing, with the two lines converging. A short-term buy can be considered around 2708, with a rebound target of around 2800-2900.

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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