Cryptocurrency News
Hot Topics on August 5:
1. Congresswoman Dina Titus urges investigation into CFTC Chairman nominee Brian Quintenz's relationship with prediction markets.
2. Phantom acquires Solana memecoin trading platform Solsniper.
3. FinCEN warns financial institutions to be cautious of cryptocurrency ATM fraud related to criminal organizations and scams targeting the elderly.
4. Forbes: The coming months will see a season of cryptocurrency stock IPOs, with funds expected to flow into native crypto projects rather than stifling altcoin seasons.
5. A right-wing party in France proposes using surplus nuclear energy for Bitcoin mining.
Trading Insights
After years in the cryptocurrency space, I've summarized a few practical methods and tips to share!
- Morning Market Dynamics: The morning market is the "true color" of market sentiment: Don't rush to cut losses during a sharp drop; it may be a "bargain hunting" opportunity. Don't be greedy during a high opening; securing profits is more prudent—strong morning surges often hide risks of pullbacks.
- Afternoon Volatility: Afternoon surges often indicate "false fire"; chasing highs can make you a "bag holder." If there's a sharp drop in the afternoon, it might be wise to observe and plan for a low entry the next day, as low-priced chips may be hidden after a pullback.
- Morning Fluctuations: Don't panic at a big drop! Morning fluctuations are often a "confusion trap," and reversals can happen quickly; if the morning is stagnant, it might be better to step away from the market—trading without volatility is akin to giving the exchange transaction fees.
- Discipline in Trading: 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: Buy on bearish candles and sell on bullish candles—this classic strategy never goes out of style: A bearish candle indicates "chip discount," so if you don't enter now, when will you? A bullish candle indicates a "short-term emotional peak," securing profits is wise.
- Contrarian Opportunities: 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; better to observe changes—wait for clear breakout signals (volume surges or breakdowns) before decisively acting, which can double your win rate.
- Decisiveness at 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-time trades from the Big White Community this week. Congratulations to those who followed along; if your trades aren't going well, you might want to give it a try.
Data is authentic, with screenshots of each trade at the time they were made.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily chart rose from a low of around 114050 to a high of around 115700 yesterday, closing around 115000. The support level is around 113250; if it breaks, it could drop to around MA60. A pullback could provide a buying opportunity nearby. The resistance level is around MA30; if it breaks, it could rise to around 117900. A rebound to this level could be a selling opportunity. MACD shows a decrease in bearish momentum. The four-hour chart shows support at around 113850; if it breaks, it could drop to around 112550. A pullback could provide a buying opportunity nearby. The resistance level is around MA200; if it breaks, it could rise to around MA60. A rebound to this level could be a selling opportunity. MACD shows a decrease in bullish momentum.
ETH
Analysis
Ethereum's daily chart rose from a low of around 3490 to a high of around 3735 yesterday, closing around 3720. The support level is near the MA7 moving average; if it breaks, it could drop to around 3495. A pullback could provide a buying opportunity nearby. The resistance level is around 3760; if it breaks, it could rise to around 3875. A rebound to this level could be a selling opportunity. MACD shows a decrease in bearish momentum. The four-hour chart shows support at around 3585; if it breaks, it could drop to around 3455. A pullback could provide a buying opportunity nearby. The resistance level is around 3735; if it breaks, it could rise to around 3825. A rebound to this level could be a selling opportunity. MACD shows a decrease in bullish momentum.
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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