Cryptocurrency News
November 6 Highlights:
1. Deribit CEO: Approximately $3 billion in BTC options will expire on November 8, with bullish sentiment relatively strong.
2. On Daos.fun, major Memefunds have experienced a significant decline in market value.
3. Terra: The Shuttle Bridge interface has been permanently closed, and all remaining tokens have been destroyed.
4. In the past 24 hours, the entire network has seen liquidations of $229 million, with both long and short positions being liquidated.
5. CoinShares: MicroStrategy's $42 billion Bitcoin acquisition plan carries risks.
Trading Insights
Most people in the cryptocurrency space lack independent thinking and are always looking for someone to tell them a wealth secret, 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 them, but don’t believe everything. To survive in the cryptocurrency space for the long term, 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 national policies of China and the U.S., to major events in cryptocurrency and technological updates. Then refine it down to information from various institutions and exchanges, movements of mainstream projects, and community KOL information clusters. Continuously track this for a period of time. Soon, you will become a deep cryptocurrency researcher. 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 the friends who followed along; if your operations are not going well, you can come and test the waters.
The data is real, and each trade has a screenshot from when it was sent out.
Search for the public account: Big White Talks About Currency
BTC
Analysis
Bitcoin has experienced significant volatility due to the election, rebounding from a low of around 67,450 to a high of around 70,550 yesterday, and currently reaching a high of around 75,450 today, marking a new high. The bottom support is around 70,000. The MACD shows an increase in bullish momentum, forming a golden cross. The four-hour chart shows a strong upward movement with a large bullish candle, with the bottom observed near the MA7 moving average. The MACD shows an increase in bullish momentum, forming a golden cross.
ETH
Analysis
Ethereum's daily chart followed Bitcoin's rebound yesterday, rising from a low of around 2,380 to a high of around 2,480, closing at around 2,425. The upper resistance is near the MA120. A breakout could lead to the MA360 yearly line above. The lower support is near the MA7 moving average, and a pullback can be used to buy. The MACD shows a decrease in bearish momentum, with signs of forming a golden cross. The four-hour chart shows a rise from around 2,420 to a high of around 2,640, with lower support near the MA120. A breakdown could lead to the MA90, and a pullback can be used to buy. The MACD shows an increase in bullish momentum, forming a golden cross.
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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