4.9 Bitcoin's rebound stops as the US stock market rebound halts, while Ethereum still has room to decline.

CN
9 days ago

Cryptocurrency News

April 9 Highlights;

1. Solana launches Confidential Balances, enhancing on-chain asset confidentiality and compliance capabilities.

2. U.S. Trade Representative Tai: Trump has made it clear that there will be no tariff exemptions in the near future.

3. Ethereum DEX trading volume has halved since its peak, with traders turning to more cost-effective alternatives.

4. M^0 platform expands to Solana, launching a new stablecoin project in collaboration with KAST.

5. According to Walter Bloomberg, sources say a16z is seeking to raise $20 billion for its largest fund ever.

Trading Insights

For newcomers to the cryptocurrency space, these tips are essential to remember; they can help you avoid detours and pitfalls! 1. Never go all in: Going all in may feel exhilarating, but liquidation is a disaster! Don’t invest all your funds at once; the market is unpredictable, and keeping some capital gives you a chance to recover. 2. Major coins are more reliable: Major coins like Bitcoin and Ethereum may not have the wild price swings of new coins, but they are stable and low-risk, making steady growth more practical for newcomers than heart-pounding excitement. 3. Withdraw your principal timely: If the price doubles, take out your principal to secure your profits. If the price surges, withdraw your principal and take profits at your own pace; don’t be too greedy. 4. Avoid common pitfalls: Over 90% of people on-chain are losing money, mostly due to these mistakes: going all in at high prices, adding to positions after a rise, panic selling at small dips, and chasing highs after selling. Be cautious and don’t let emotions lead you. 5. Investment strategy: Primarily invest in mainstream coins like Bitcoin (BTC) and Solana (SOL), and use a portion of your funds to buy top project coins on various public chains at lower prices, diversifying your investments to reduce risk. Remember these tips to progress steadily in the cryptocurrency space, and I wish you success in achieving your financial goals!

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.

Data is real, and each trade has a screenshot from when it was sent.

**Search for the public account: *Big White Talks About Coins*

BTC

Analysis

Bitcoin's daily line fell from a high of around 80850 to a low of around 76250 yesterday, closing around 76350. The support level is around 75750; if it breaks, it could drop to around 74100. A pullback can be bought near this level. The resistance level is near the MA7 moving average; if it breaks, it could rise to around MA14. A rebound near this level can be sold short. MACD shows increasing bearish momentum. On the four-hour chart, the resistance level is around 78850; if it breaks, it could rise to around MA30. A rebound near this level can be bought. MACD shows decreasing bearish momentum.

ETH

Analysis

Ethereum's daily line fell from a high of around 1620 to a low of around 1445 yesterday, closing around 1475. The support level is around 1410; if it breaks, it could drop to around 1385. A pullback can be bought near this level. The resistance level is near the MA7 moving average; if it breaks, it could rise to around MA14. A rebound near this level can be sold short. MACD shows increasing bearish momentum. On the four-hour chart, the resistance level is near MA14; if it breaks, it could rise to around MA30. A rebound near this level can be sold short. MACD shows decreasing bearish 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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Bitget:注册返10%, 送$100
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