Cryptocurrency News
November 5 Highlights:
1. Arkham: Last week, BlackRock invested $2 billion to buy BTC, while other ETFs only invested $71 million in total.
2. Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have joined forces to launch a global dollar network.
3. Binance, Coinbase, and the founder of Tron are debating exchange listing fees.
4. Due to investors seeking returns, Bitcoin against BlackRock's U.S. Treasury ETF has reached an all-time high: Van Straten.
5. The most popular AI "robot" in cryptocurrency, Truth Terminal, is unable to launch its own website.
Trading Insights
Most people in the cryptocurrency space lack independent thinking and are always looking for someone to tell them a wealth code, hoping that buying will lead to a surge. Little do they know, people are profit-driven. When someone actively approaches you and continuously recommends something, you can trust it, but don’t believe it entirely. To survive long-term in the cryptocurrency space, you must learn to think independently, love learning, and seek the underlying logic behind things, rather than following the crowd. It is advisable to collect information at irregular intervals every day, analyze it, and write summary reports. From global macro events to U.S.-China national policies, to major events in cryptocurrency and technological updates. Then refine it down to information from various institutions and exchanges, movements of mainstream project parties, and community KOL information clusters. Keep tracking for a period of time. Soon, you will become a deep cryptocurrency research institute. The cryptocurrency industry is closest to money, and also closest to losing money. Continuous improvement in learning ability is essential.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals 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.
Data is real, and each order has a screenshot from the time it was issued.
Search for the public account: Big White Talks About Currency
BTC
Analysis
Bitcoin's daily chart showed a pullback yesterday, dropping from a high of around 69,500 to a low of around 66,800, closing around 67,850. The upper resistance is near the MA7 moving average; a breakout could see it reach around 70,000. The lower support is near the trend line; a pullback can be bought near this area. MACD shows an increase in bearish momentum. The four-hour chart has tested the 67,800 area multiple times, forming support; a pullback can be bought near this area. The upper resistance is near the MA60; MACD shows an increase in bullish momentum, forming a golden cross. A short-term buy can be made near 67,880, with a target of around 69,500-70,200.
ETH
Analysis
Ethereum's daily chart showed a pullback yesterday, dropping from a high of around 2,490 to a low of around 2,355, closing around 2,400. The lower area has tested 2,385 multiple times, forming support; a pullback can be bought near this area. The upper resistance is near the MA60; MACD shows a decrease in bearish momentum. The four-hour chart has upper resistance near the MA14; a breakout could see it reach the MA30. MACD is near the 0 axis, with the two lines converging. A short-term buy can be made near 2,387-2,340, with a rebound target of around 2,425-2,475.
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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