Crypto News
Hot Topics on August 3rd:
1. Sharplink Gaming increased its holdings by 15,822 ETH, worth approximately $53.68 million.
2. BONK has cumulatively burned 11.55 trillion tokens, valued at about $300 million at current prices.
3. Chaos Labs submitted a proposal to allocate 2.37 million DYDX tokens as rewards for participants in the Surge program for the fourth quarter.
4. The Sui network DEX trading volume reached $14.281 billion in July, setting a new monthly record.
5. Eric Trump, son of Donald Trump: "Once again, buy BTC and ETH on dips."
Trading Insights
After years in the crypto space, I’ve summarized a few practical methods and tips to share!
Leverage Early Market Sentiment: The early market is the "true color" of market sentiment: don’t rush to cut losses during sharp declines; it may be a "bargain" opportunity. Don’t be greedy during high openings; securing profits is more prudent—strong early movements often hide risks of pullbacks.
Identify Real Moves in the Afternoon: Afternoon surges often have "false fire"; chasing highs can make you a "bag holder." If there’s a sharp drop in the afternoon, it’s wise to observe the situation and plan to enter at lower levels the next day, as low-priced assets may be hidden after a pullback.
Stay Calm During Early Volatility: Big drops in the morning? Don’t rush to cut losses! Morning fluctuations are often "disorienting"; reversals can happen quickly. If the morning is stagnant, it’s better to step away from the market—trading without volatility is akin to giving the exchange transaction fees.
Discipline in Buying and Selling: Selling before reaching the target price means less profit is still a loss; buying before hitting support levels can lead to "buying halfway up." The consolidation phase is the most chaotic; trading during this time is like "blind shooting." Hold back and wait for clearer direction before acting.
Candlestick Patterns Hold Secrets: Buy on bearish candles, sell on bullish candles—this classic strategy never goes out of style: a bearish candle indicates "discounted assets," so if you don’t buy now, when will you? A bullish candle signals a "short-term emotional peak," securing profits is wise.
Seek Opportunities in Contrarian Moves: When others are greedy, I remain cautious; when others are fearful, I stay calm. Maintain composure during market euphoria, and dare to position when the community is bearish—niche opportunities often lie in "contrarian consensus."
Patience During Consolidation: High-level consolidation and low-level fluctuations test your mindset the most. The more anxious you are, the more mistakes you make; it’s better to observe changes—wait for clear breakout signals (volume surges or breakdowns) before decisively acting, which can double your win rate.
Be Decisive at Market Peaks: If a surge occurs after a high-level consolidation, it’s often "the last hurrah"! Don’t hesitate; sell first as a courtesy—real profits are those secured, and greed will only lead to empty gains.
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 aren’t going well, you can come and test the waters.
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 chart showed a drop from a high of around 114,000 to a low of around 111,900 yesterday, closing around 112,500. The support level is near MA60; if broken, it could drop to MA90. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; if broken, it could rise to around 117,900. A rebound to this level could be a selling opportunity. MACD shows increasing bearish momentum. On the four-hour chart, the support level is around 112,150; if broken, it could drop to MA360. A pullback could provide a buying opportunity nearby. The resistance level is near MA200; if broken, it could rise to MA30. A rebound to this level could be a selling opportunity. MACD shows decreasing bearish momentum and signs of a golden cross forming.
ETH
Analysis
Ethereum's daily chart showed a drop from a high of around 3,535 to a low of around 3,365 yesterday, closing around 3,395. The support level is near 3,235; if broken, it could drop to around 3,140. A pullback could provide a buying opportunity nearby. The resistance level is near 3,620; if broken, it could rise to around 3,805. A rebound to this level could be a selling opportunity. MACD shows increasing bearish momentum. On the four-hour chart, the support level is around 3,335; if broken, it could drop to MA200. A pullback could provide a buying opportunity nearby. The resistance level is near MA14; if broken, it could rise to MA30. A rebound to this level could be a selling opportunity. MACD shows decreasing bearish momentum and signs of a golden cross forming.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading 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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