Cryptocurrency News
March 7 Hot Topics:
1. President Trump signs an executive order to seize assets to establish a strategic Bitcoin reserve.
2. Trump signs an amendment to delay tariffs on Mexican goods that comply with the USMCA.
3. Confirmation that the Bybit hacking incident was carried out by the North Korean hacker group TraderTraitor.
4. HSBC strategist: Gradual rate cuts by the European Central Bank may boost risk assets.
5. Bybit surpasses market leaders with innovative RPI orders, enhancing spot liquidity.
Trading Insights
Essential for cryptocurrency newcomers! Three tips to start making money! In the cryptocurrency market, over 95% of users are losing money, and the current market is sluggish, making trading increasingly difficult. How can newcomers break through to profitability? Keep these three points in mind: 1. Only engage in right-side trading. Left-side trading involves buying directly when the price drops to support or bottom levels, which is risky and can lead to buying at a mid-point, but successful bottom fishing can yield high profits. Right-side trading waits for a clear stop-loss candlestick and a starting candlestick at support or bottom levels before entering, which is more stable and captures certain opportunities, although it carries risks of chasing prices and potentially lower profits than left-side trading, but with a higher win rate. 2. Seize high risk-reward opportunities. A high risk-reward ratio means losing small amounts while making large profits. Right-side trading is suitable for this, setting stop-loss at the bottom of a decline and take-profit at the next resistance level. If the risk-reward ratio reaches 5:1, winning just two out of ten trades can still yield profits. For example, with a stop-loss of 200 USDT and a take-profit of 1000 USDT, if you lose eight times for a total of 1600 USDT and win twice for 2000 USDT, you end up with a net profit of 400 USDT. 3. Strictly execute trading strategies. After setting stop-loss and take-profit, do not change them arbitrarily, and do not trade based on emotions. Only act when there are right-side trading opportunities and high risk-reward cryptocurrencies to ensure win rates and high returns. Achieving these three points may seem simple, but it requires long-term practice!
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades from the Daba community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and try it out.
Data is real, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Daba Discusses Cryptocurrency*
BTC
Analysis
Bitcoin's daily chart fell from a high of around 92850 to a low of around 87850 yesterday, closing around 89950. The support level is around 86200; if it breaks, it could drop to around MA200. A pullback can be used to buy near this level. The resistance level is around MA14; if it breaks, it could reach around MA30. A rebound to this level can be used to sell. MACD shows increasing bullish momentum, forming a golden cross. On the four-hour chart, the support level is around MA60; if it breaks, it could drop to around 85650. A pullback can be used to buy near this level. The resistance level is around MA30; if it breaks, it could reach around MA120. MACD shows increasing bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily chart fell from a high of around 2320 to a low of around 2175 yesterday, closing around 2200. The support level is around 2100; if it breaks, it could drop to around 2000. A pullback can be used to buy near this level. The resistance level is near the MA7 moving average; if it breaks, it could reach around MA14. A rebound to this level can be used to sell. MACD shows decreasing bearish momentum. On the four-hour chart, the support level is around 2105; if it breaks, it could drop to around 2075. A pullback can be used to buy near this level. The resistance level is around MA30; if it breaks, it could reach around MA60. A rebound to this level can be used to sell. MACD shows decreasing bullish momentum, forming a death 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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