11.2 Bitcoin fluctuated upwards over the weekend. Will it continue to decline during the workweek? A "whale" with a 100% win rate has increased their holdings by 40 Bitcoins, bringing the total holding value to 370 million USD.

CN
14 hours ago

Crypto Circle News

November 2 Hot Topics:

1. The TON Foundation launches MemeRepublic to replace Memelandia.

2. Mining company Mara Holdings sues Texas officials to block a noise regulation vote targeting its Bitcoin mining site.

3. Cathie Wood's ARK buys over $5 million in Bullish stock, betting on its expansion in the U.S. market.

4. The Central Bank of Malaysia announces a three-year asset tokenization roadmap, focusing on RWA.

5. EtherFi virtual cards experience unusual fraudulent charges; an official investigation is underway, and refunds are promised.

Trading Insights

Moving averages! They will give you the most direct guidance! Compare the three moving averages to three fixed stars; understanding their "actions" is key to grasping the pulse of trading.

  1. Moving Average Roles: Each has its segment, each performs its duty.
  • 5-day line: Short-term "sentinel," reacts the fastest, responsible for capturing immediate rise and fall signals.
  • 30-day line: Medium-term "judge," anchors the mid-term trend, more stable movement.
  • 60-day line: Long-term "stabilizer," determines the big direction; once clear, it’s hard to reverse.
  1. Signal Interpretation: Understand the actions, execute precisely.
  • When the 5-day line crosses above the 30-day and 60-day lines, it signals that the market is about to "take off"; conversely, if the 5-day line crosses below, reduce positions immediately—don’t hesitate.
  • The worst scenario is when moving averages "fight"—entering when the 5-day and 30-day lines are tangled is no different from gambling. The real opportunity is when all three lines move in sync and in the same direction.
  1. In Extreme Markets, Rely on Moving Averages for Guidance.
  • Crypto market surges and drops? Don’t be afraid; moving average strategies are even more effective: a breakout of the 5-day line is an "attack order," while a turn of the 60-day line is a "retreat order." Simple to the extreme, yet frighteningly precise.
  1. Discipline is the Lifeline; Execution Must Be "Ruthless."
  • How many people have plans written down but lose their footing in sudden market movements? Moving averages never lie; they force you to be an "emotionless executor."
  • Remember: you can doubt your judgment, but don’t doubt the collective force of moving averages—these are ironclad rules built with real money.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along; if your operations are not going well, you can come and test the waters.

Data is real, and each order has a screenshot from the time it was issued.

**Search for the public account: *Big White Talks Coins*

BTC

Analysis

Trump has not yet commented on Powell's statements, but the market is gradually emerging from pessimistic expectations. Viewing $BTC as a precursor to the U.S. stock market, it is clear that investor sentiment is still quite good, and there are no noteworthy events in the short term. The lack of macro data due to the government shutdown may not be resolved in the next week or two, and most major companies have already released their earnings reports.

The market's next significant gamble will likely occur after the shutdown ends. Although the prolonged shutdown may bring risks of economic downturn, it will also force the Federal Reserve and Trump to come together in the short term. My view remains consistent: the U.S. stock market and Bitcoin are highly correlated; as long as there is no systemic risk in the stock market, Bitcoin's price can stabilize somewhat.

Bitcoin's bull-bear dividing point: Bearish entry point at 106,000; if it strongly breaks down and fails to rebound above 106,000, it will enter a one-sided downward trend. A strong breakthrough and stabilization above 116,850 will lead to a small one-sided upward trend.

The range between 106,000 and 116,850 belongs to a volatile market, with equal opportunities for low long and high short positions.

ETH

Analysis

The turnover rate began to decline over the weekend, which was expected. If it can be halved tomorrow, it indicates that market sentiment is also recovering. Let's see how the U.S. stock market opens on Monday; the next focus should be on the resumption of the shutdown.

The chip structure remains very healthy, with nothing much to say; support is also very solid and has withstood multiple rounds of testing, and there are currently no signs of panic among loss-making investors.

The daily upper and lower bands are only 100 points apart. There are resistances at 3932, 3966, 4020, 4072, and 4132. Only short once between 3932-3966, taking profit at a pullback to 3888-3868.

For shorts taken between 4020-4072, take profit at a pullback to 3966-3932/3926.

Further up, you can add to your short position, provided it does not affect forced liquidation.

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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