Cryptocurrency News
February 25 Hot Topics:
1. Ethereum's Pectra upgrade was activated on the Holesky testnet but ultimately failed to confirm.
2. Traditional finance giant Citadel Securities plans to enter the cryptocurrency market-making business.
3. Even people in the traditional finance industry know that market makers in the crypto space are making money, which shows how much this round of market makers is actually earning.
4. U.S. authorities seized $31 million in cryptocurrency related to the Uranium Finance hacking incident.
5. The SEC has confirmed it has received Grayscale's application for a spot Cardano ETF.
Trading Insights
After years of navigating the cryptocurrency space, here are some summarized experiences for reference! 1. If the market crashes and the coins you hold haven't dropped much, it indicates that there are market makers supporting the price. Hold onto such coins; there will definitely be profits later! 2. New traders should remember, for short-term trading, focus on the 5-day moving average; if the price is above it, hold on, and if it breaks below, run quickly. For medium-term, watch the 20-day moving average, the same principle applies. Avoid unnecessary complexities; once you identify a target, act decisively! 3. If you buy a coin and it doesn't move for three days, quickly switch to another. If you buy and it drops, and you lose 5%, don't hesitate; cut your losses immediately! 4. If a coin has dropped significantly from its peak and has been in a downtrend for a long time, it’s likely to rebound soon; this is the time to get in decisively! 5. When trading, chase the leading coins; they are the ones that rise the most and are relatively resilient to drops. Don’t be afraid to buy just because the price is high, and don’t catch falling knives just because a coin has dropped significantly; leading coins should be chased for both upward and downward movements! 6. Stop thinking about bottom fishing; coins that are dropping are like jumping off a building, there’s no bottom line. If you need to cut losses, do it; following the trend is the way to go. It’s not about buying cheap, but about timing! 7. Don’t get carried away just because you made some money; it’s easy to make a profit once, but hard to make it consistently. After each profit, reflect on whether it was your skill or just luck. Developing your own trading strategy is key! 8. When uncertain, stay in cash; being in cash is not shameful, losing money is. Remember, you are here to preserve your capital, not to become a gambling god! Trading is not about speed; it’s about success rate and risk-reward ratio!
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 when it was sent out.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily chart showed a drop from a high of around 96,550 to a low of around 91,300 yesterday, closing around 91,550. The support level is near 90,000; a pullback can be bought around this area. The resistance level is near 95,000; if it rebounds to this area, consider shorting. The MACD shows increasing bearish momentum, forming a death cross. The four-hour chart shows resistance near the MA7 moving average; a breakout could lead to the MA14 level. If it rebounds to this area, consider shorting. The MACD shows increasing bearish momentum. For short-term trades, buying near 90,000-89,080 is advisable, with rebound targets around 91,600-93,500. If it rebounds to 93,500-95,000, consider shorting.
ETH
Analysis
Ethereum's daily chart showed a drop from a high of around 2,840 to a low of around 2,465 yesterday, closing around 2,515. The support level is near 2,415; if it breaks below, watch for 2,365. A pullback can be bought around this area. The resistance level is near the MA14; if it rebounds to this area, consider shorting. The MACD shows decreasing bullish momentum and signs of forming a death cross. The four-hour chart shows resistance near the MA7 moving average; if it rebounds to this area, consider shorting. The MACD shows increasing bearish momentum, forming a death cross. For short-term trades, buying near 2,412-2,366 is advisable, with rebound targets around 2,550-2,640. If it rebounds to 2,550-2,600, consider shorting, with targets around 2,470-2,412.
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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