Cryptocurrency News
November 13 Highlights:
1. Italy sets a cap on cryptocurrency tax rates at 28%, lower than the initially proposed 42%.
2. 1Canary Funds applies for HBAR ETF, accelerating Hedera ecosystem layout.
3. Analysts at Copper.co estimate that Bitcoin may peak within 200 days, aligning with predictions of a U.S. economic recession.
4. Genius Group announces a Bitcoin-first strategy, significantly increasing its Bitcoin holdings as reserve assets.
5. Sam Altman's World Project launches a human verification program in Brazil.
Trading Insights
Bitcoin continues to reach new highs, and the higher it goes in the short term, the greater the risk. In a bull market, explosive growth often encounters the risk of sharp pullbacks. It is advisable to have risk awareness when trading contracts. If you are doing well with trend trades, you may 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 due to funds flowing into Bitcoin; only when Bitcoin consolidates at high levels do altcoins have a chance to rally. Sometimes it can be challenging to find entry and exit points, which is a significant test of both understanding and mindset. Altcoins lag because of the differentiation of funds; currently, Bitcoin is rising while altcoins are not, but in the future, they will rise and fall together. In a bull market, most people lose money because they are easily swayed by emotions, suffering from severe FOMO, lacking awareness of the market and themselves. For contracts, explosive growth should be viewed as a risk.
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.
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 reached a new high yesterday, peaking around 89990, just a step away from 90000. The lowest point dropped to around 85150, closing near 87950. The upper resistance is around the 90000 mark, while the lower support is near the MA7 moving average. A pullback can be bought near this level. The MACD shows a decrease in bullish momentum. The four-hour chart shows lower support near the MA14. A pullback can be bought near this level, with upper resistance near the MA7. A breakout could see it reach around 90000. The MACD shows a decrease in bullish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily chart reached a high of around 3450 yesterday, closing near 3245. The lower support is near the MA7 moving average. A pullback can be bought near this level, with upper resistance around 3400. The MACD shows a decrease in bullish momentum. The four-hour chart shows lower support near the MA30; if it breaks, it could drop to around 3100. A pullback can be bought near this level, with upper resistance near the MA14. A breakout could see it reach around 3400. The MACD shows an increase in bearish momentum, forming a death 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.
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