Cryptocurrency News
March 20 Hot Topics:
1. Binance's first phase of the voting for new listings has begun, with the first round of voting only including BNB Chain tokens from Binance Alpha.
2. The Federal Reserve has maintained the benchmark interest rate at 4.25%-4.50%, with the dot plot indicating that most officials expect a cumulative rate cut of 50 basis points by 2025.
3. Kraken plans to acquire NinjaTrader for $1.5 billion to expand its futures and derivatives trading.
4. The Uniswap community has approved a $165.5 million fund to promote the development of Unichain and Uniswap v4.
5. Market news: Bitnomial plans to withdraw its lawsuit against the SEC and will launch CFTC-approved XRP futures contracts tomorrow.
Trading Insights
The timing of opening a position is crucial. The timing directly determines profit and loss. Positions should only be opened at very ideal times to ensure maximum win rates. After identifying an opportunity, open a position with low leverage, and immediately lock it (close the app and stop monitoring), then check the results the next day. This can help avoid the impact of short-term fluctuations on your mindset.
The importance of locking positions. Locking positions is key to avoiding emotional trading. If you do not lock your position, frequently checking prices can lead to the following consequences:
- When the trade is correct: Price fluctuations can disrupt your mindset, causing you to doubt your judgment, potentially leading to premature closing or taking small profits. If you do not check the price, you may find the stop-loss has not been triggered the next day, resulting in significant profits instead.
- When the trade is wrong: Frequently monitoring during losses can lead to overtrading, rushing to recover losses, and even using high leverage, ultimately resulting in larger losses. Locking positions can prevent this vicious cycle.
Reduce the number of positions opened. Since the timing of opening a position is very critical, it is necessary to reduce the number of positions. It is recommended to limit the number of openings each week; for example, I personally only open positions 4 times a week. This forces you to choose only the most reliable opportunities and avoid opening positions randomly.
Use low leverage and avoid high leverage. Low leverage is the foundation of stable trading, while high leverage is a shortcut to quick losses. Always stick to using low leverage and avoid using high leverage due to greed or eagerness to recover losses.
Summary: The above rules may seem simple, but executing them is extremely challenging because it requires overcoming human weaknesses. Most people desire to get rich overnight and rush to recover losses when they incur them, but only by strictly adhering to the rules can one survive and achieve stable profits in this brutal market.
The key is:
- Patiently wait for the best timing to open a position
- Lock positions to avoid emotional trading
- Limit the number of positions opened to avoid frequent trading
- Stick to low leverage and avoid high leverage
Only by overcoming human greed and fear and strictly following these rules can one remain undefeated in contract trading.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White community this week. Congratulations to the friends who followed along. If your operations are not going well, you can come and try it out.
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 line rose from a low of around 82,550 to a high of around 87,050 yesterday, closing around 86,850. The support level is near MA200; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is near MA30; if it breaks, it could reach around 90,000. MACD shows bullish momentum.
On the four-hour chart, the support level is near MA120; if it breaks, it could drop to around MA30. A pullback can be used to buy near this level. MACD shows bullish momentum, forming a golden cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 1,925 to a high of around 2,070 yesterday, closing around 2,055. The support level is near the MA7 moving average; if it breaks, it could drop to around 1,865. A pullback can be used to buy near this level. The resistance level is around 2,110; if it breaks, it could reach around MA30. A rebound near this level can be used to sell. MACD shows bullish momentum, forming a golden cross.
On the four-hour chart, the support level is near MA14; if it breaks, it could drop to around MA60. A pullback can be used to buy near this level. The resistance level is near MA120; if it breaks, it could reach around 2,100. MACD shows a decrease in bullish momentum.
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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