Cryptocurrency News
Hot Topics on August 12:
1. Stripe collaborates with Paradigm to develop the payment blockchain Tempo.
2. MARA plans to acquire a majority stake in EDF's Exaion for $168 million.
3. Terraform co-founder Do Kwon may plead guilty in a U.S. fraud case.
4. The Uniswap Foundation plans to launch protocol fee conversion for its DAO through the proposed Wyoming DUNA wrapper.
5. Democratic staff of the Senate Banking Committee criticize the Republican cryptocurrency bill, calling it a "superhighway" for regulatory evasion.
Trading Insights
After years in the cryptocurrency space, I’ve gained some insights from the nuances of trading that I’d like to share! The market measures fairness, not punishing mistakes but forcing awakenings through repeated lessons. The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules!
Abandon the fantasy of the holy grail and return to fundamental laws.
The profit code is never hidden in secret texts or from masters, but in the four clear elements: trend direction, support and resistance, capital management, and rule execution.
There are no shortcuts to success; achieving simplicity in rules to the extreme is the starting point of compound interest.
Give up the obsession with predictions and focus on rule execution.
Those who guess market movements will ultimately be harvested by the market; the core of trading is responding rather than predicting.
There’s no need to dwell on individual profits and losses; just stick to the rules, and probabilities will naturally tilt in the long run.
Tame human weaknesses: cut losses and amplify profits.
Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison.
Profit comes from one correct position rather than a hundred ineffective trades; let profits run with the trend.
Stay away from market noise and be a rational observer.
The more you watch the market, the more chaotic your mindset becomes; the more cluttered your trades, the more mistakes you make.
Skilled traders know to maintain a safe distance from the market, capturing their own certain trends while waiting.
The ultimate realm of trading: boredom equals stability.
The daily routine of top traders is monotonous and repetitive: rules remain unchanged, execution is unwavering, and emotions are stable.
Discipline is above all; do not rejoice in profits or waver in losses, be a mechanical executor of the rules.
Principle of survival first: living longer is more important than earning quickly.
Those who face liquidation are not foolish but die from a lack of risk control.
Control drawdowns and manage positions well, keeping yourself at the table; time will amplify the compound interest of correct decisions.
The market never rewards effort; it only opens its dividends to those who awaken their cognition. The core of making money is not technique, but understanding the essence and unwavering execution. When you learn to combat human nature and coexist with the rules, the market will naturally become your training ground.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to those who followed along; if your operations are not going smoothly, you can come and test the waters.
The data is real, and each order has a screenshot from when it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 122,450 to a low of around 118,050 yesterday, closing around 118,650. The support level is near MA30; if it breaks, it could drop to around 114,900. A pullback can be used to buy near this level. The resistance level is around 120,000; if it breaks, it could reach a new high. MACD shows bullish momentum. The four-hour support level is around 117,500; if it breaks, it could drop to near MA200. A pullback can be used to buy near this level. The resistance level is around 120,300; if it breaks, it could reach around 121,700. MACD shows bearish momentum forming a death cross.
ETH
Analysis
Ethereum's daily line fell from a high of around 4,370 to a low of around 4,165 yesterday, closing around 4,220. The support level is near the MA7 moving average; if it breaks, it could drop to near MA14. A pullback can be used to buy near this level. The resistance level is around 4,400; MACD shows bullish momentum. The four-hour support level is around 4,185; if it breaks, it could drop to around 4,055. A pullback can be used to buy near this level. MACD shows a decrease in 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 has a certain lag; if you have any questions, feel free to consult.
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