Cryptocurrency News
Hot Topics on July 29:
1. The U.S. Department of Justice requests the seizure of over $2.4 million in cryptocurrency assets from the Chaos ransomware group.
2. Trump's nomination for CFTC chairman faces obstacles, as the White House delays the Quintenz appointment vote twice.
3. Cboe submits application documents for Canaray's staking-based INJ ETF and Invesco Galaxy Solana ETF.
4. Bakkt sells its loyalty business and initiates a stock issuance, fully transforming into a cryptocurrency company.
5. The U.S. SEC delays the review of the Truth Social Bitcoin ETF and Grayscale Solana ETF.
Trading Insights
The trading market goes in circles, but ultimately, those who make money understand the underlying logic of trading: it's about cognition and execution.
No shortcuts; focus on the fundamentals. There is no "holy grail" in trading; the logic of profit is clear: trend judgment, support and resistance identification, capital management, and strict execution. Mastering these basics is the best approach.
Light on predictions, heavy on execution. Following rules is better than guessing price movements. Individual trades may vary, but strict long-term execution will eventually favor you.
Control losses, let profits run. Accepting losses is essential for profitability: losses are not scary; stubbornness is fatal. Profitability does not rely on frequent trades but on holding the right positions with enough space.
Stay away from the market; good waiting is key. The tighter you watch the market and the more frequently you trade, the more likely you are to be swayed by emotions. True winners know how to maintain distance and wait for their market opportunities.
The "boredom" of experts: discipline is king. Stable profits come without excitement; it's just about unchanging rules and consistent execution: not being swayed by emotions, not celebrating profits, and not collapsing under losses—be a disciplined executor.
Live longer, win faster. Trading is a marathon; survival is more important than quick profits. Those who get liquidated may not be unintelligent; they just didn't last until the end. Focus on risk management, control drawdowns, stay in the market, and time will provide compounded answers.
Finally: The essence of trading is self-cultivation. The market never accommodates anyone; the only thing that can change is yourself. The core of making money has never been about techniques or methods, but about cognition and execution.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades 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 issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 119,800 to a low of around 117,400 yesterday, closing around 118,050. The support level is around 117,350; if it breaks, it could drop to around MA30. A pullback can be used to buy near this level. The resistance level is around 119,800; if it breaks, it could rise to around 121,500. A rebound to this level can be used to sell short. MACD shows increasing bearish momentum. The four-hour support level is around MA120; if it breaks, it could drop to around 116,700. A pullback can be used to buy near this level. The resistance level is around 119,200; if it breaks, it could rise to around 120,700. MACD is oscillating and flattening, with the two lines converging.
ETH
Analysis
Ethereum's daily line fell from a high of around 3,940 to a low of around 3,750 yesterday, closing around 3,795. The support level is near the MA7 moving average; if it breaks, it could drop to around 3,595. A pullback can be used to buy near this level. The resistance level is around 3,855; if it breaks, it could rise to around 3,910. A rebound to this level can be used to sell short. MACD shows decreasing bullish momentum and signs of a death cross forming. The four-hour support level is around MA30; if it breaks, it could drop to around 3,675. A pullback can be used to buy near this level. MACD shows increasing bearish momentum and forms 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.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
