Crypto News
November 12 Highlights:
1. BlackRock's spot Bitcoin ETF sets a record with a single-day trading volume of $4.5 billion.
2. Coinbase's stock price reached its highest level since November 2021 at the close, driven by post-election optimism.
3. As Bitcoin hits new highs, Polymarket's odds of Bitcoin breaking $100,000 by the end of the year surged to 78%.
4. Tether announces the launch of a Wallet Development Kit, supporting seamless integration of USDT and Bitcoin.
5. Analyst: Trump's victory directly leads to a reduction in expectations for Federal Reserve interest rate cuts before 2025.
Trading Insights
Bitcoin continues to set new highs, and the higher it goes, the greater the risk in the short term. In a bull market, sharp surges often encounter the risk of sudden drops. It is advisable to have risk awareness when trading contracts. If you are doing well with a trending asset, you can ignore this advice. When Bitcoin is surging, you may find it difficult to operate because while Bitcoin is rising, many altcoins do not follow suit and may even decline. This is because funds are flowing into Bitcoin; only when Bitcoin consolidates at high levels do altcoins have a chance to rally. Sometimes it is also challenging to find entry and exit points, making it a significant test of both understanding and mindset. Altcoins are not following because of the differentiation of funds. Currently, Bitcoin is rising while altcoins are not, but in the future, they will also rise and fall together. Most people lose money in a bull market because they are easily swayed by emotions, suffering from severe FOMO, lacking awareness of the market and themselves. For contracts, sharp surges should be viewed as risks.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trades from the Big White Community this week. Congratulations to those who followed along. If your trades 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 issued.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily chart showed a surge yesterday, rising from a low of around 80,250 to a high of around 89,800, once again reaching a new high, just a step away from 90,000. The support level is near the MA7 moving average; a pullback can be bought near this level. The resistance level is around 90,000. The MACD shows bullish momentum. On the four-hour chart, the support level is near the MA7 moving average; if it breaks, it can be watched down to the MA14. A pullback can be bought near this level. The MACD shows bullish momentum.
ETH
Analysis
Ethereum's daily chart followed Bitcoin's surge yesterday, rising from a low of around 3,105 to a high of around 3,390, closing near 3,375. The support level is around 3,175; if it breaks, it can be watched down to the MA7 moving average. A pullback can be bought near this level. The MACD shows bullish momentum. On the four-hour chart, the support level is near the MA7 moving average; if it breaks, it can be watched down to the MA14. A pullback can be bought near this level. The resistance level is around 3,400. The MACD shows bullish momentum and forms a golden cross.
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.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
