Crypto News
April 20th Hot Topics:
1. The net inflow of the US Bitcoin ETF was $60 million yesterday.
2. Bitcoin network transaction fees surged, with high priority reaching 2000 Sat/byte.
3. Musk: TikTok should not be banned in the United States.
4. Grayscale transferred a total of about 1202 BTC to Coinbase and Coinbase Prime this morning.
5. The US IRS released a new draft tax table: Cryptocurrency investors may face new regulations.
Trading Insights
In the investment market, one must not be greedy.
Due to greed, you may become accustomed to heavy positions, even full positions, without any concept of capital management. Always hoping for overnight wealth or a windfall, the usual outcome is losing everything in one fell swoop.
Due to greed, you won't give up any trading opportunities. You won't even want to miss a small pullback or rebound, and some may even be willing to participate heavily, showing a fearless attitude. Not knowing when to give up is also a kind of mindset.
Due to greed, you may have a tendency to overtrade, constantly entering and exiting the market, feeling uncomfortable without a position all day, and never knowing when to rest. The result is more trades, more mistakes, and more losses.
Due to greed, even in the face of losses and consecutive defeats in your trades, you are unwilling to reduce trading or stop to adjust yourself. Instead, you are eager to recover losses, and may even intensify your efforts to make up for them, hoping to recoup the losses. In fact, just like dancing, if you miss a step, it's best to stop and readjust your steps to get back on track.
Due to greed, after closing profitable positions, if the market continues in the original direction, you may suddenly feel unbalanced or regretful, and may chase after higher/lower prices than the closing price, often buying at the peak or selling at the bottom, squandering previous gains. What's worse is that once the re-entered position is trapped, it's even harder to decide how to handle it, which can further damage your mindset.
Due to greed, you may enter the market too early, like a track athlete sprinting, always hoping to buy at the bottom and sell at the top, hoping to be ahead of the trend. Acting prematurely against the market is inevitably going against the trend, and it's just an immature behavior trying to prove oneself as a visionary, often at a considerable cost.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
The trend of Bitcoin yesterday was consistent with the expected direction. It dropped in the morning to form a bottom and then rose directly, reaching a high near 65400 before falling back. Congratulations to friends who followed and gained a profit of 5000 points. Currently, the price is running near 63780. After a rebound on the four-hour chart, it was blocked and fell for several consecutive times, but the downward momentum is not significant. There is support from the 14-period moving average (MA14) below, and the space for a pullback is limited. Additionally, as the weekend itself is not expected to have significant fluctuations, the short-term trend is expected to be mainly oscillating. Looking at the daily chart, the candlestick directly turned from negative to positive with a long lower shadow, indicating strong support from the bulls. If it can stabilize above 64500, the next level to watch is 66800. Currently, it is still in a bull market, just with an extended oscillation period. Hold onto your chips and add to your long position on dips with confidence. Resistance above is at 64500-65500, and support below is at 63000-61800.
ETH
Analysis
The trend of Ethereum yesterday was consistent with Bitcoin's. It rose continuously during the day, reaching a high near 3130 before falling back. Congratulations to friends who followed the low-long strategy and gained over 100 points in profit. Currently, the price is running near 3060. The four-hour chart is still in a range-bound trend, with resistance near 3130. Although it was blocked and fell back, the downward momentum is relatively weak, and the probability of a continuation is not high. The current trend is slowly fluctuating, so it's best to observe more and act less. However, the possibility of breaking new lows is very low. Looking at the daily chart, it is generally in a bottoming oscillation, with resistance from the 90-period moving average (MA90) above. If it can break through, the next level to watch is near 3220. Currently, continue to hold and wait for the opening on Monday. If Ethereum is available again in the 2000s, you can buy in batches. Resistance above is at 3100-3200, and support below is at 3000-2900.
Disclaimer: The above content is for personal reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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