Cryptocurrency News
November 14 Highlights:
1. Solana DEX's daily trading volume has exceeded $5 billion for three consecutive days.
2. Arca and BlockTower will conduct a full equity merger.
3. The FBI seized the equipment of Polymarket's CEO, possibly accusing him of market manipulation to aid Trump.
4. Tether has been printing money like crazy in recent days, with billions of USDT printed on-chain.
5. The total market value of cryptocurrencies has reached $3.17 trillion, setting a new historical high.
Trading Insights
Bitcoin continues to break new highs, and the higher it goes in the short term, the greater the risk. In a bull market, sharp surges often encounter the risk of downward spikes. It is advisable to have risk awareness when trading contracts. If you are doing well with trend trades, you can ignore this advice. When Bitcoin is surging, you may find it difficult to operate because while Bitcoin is rising, altcoins may not follow and could even decline. This is because funds are flowing into Bitcoin; only when Bitcoin is consolidating at high levels do altcoins have a chance to rally. Sometimes it can be hard to make a move, and finding entry and exit points can be quite challenging, which is a significant test of both understanding and mindset. Altcoins not following Bitcoin is due to the differentiation of funds. Right now, Bitcoin is rising while altcoins are not, but in the future, they will 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's trading group 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 line yesterday rose from a low of around 86150 to a high of around 93350, breaking new highs again, closing around 90400. The support level is near the MA7 moving average, and a pullback can be bought near this level. The MACD shows bullish momentum. The four-hour support is near the MA14; if it breaks, it can be seen down to the MA30. A pullback can be bought near this level, with the MACD showing bearish momentum forming a death cross.
ETH
Analysis
Ethereum's daily line experienced a pullback yesterday, dropping from a high of around 3335 to a low of around 3115, closing around 3190. The resistance level is near 3400, and the support level is near 3100. A pullback can be bought near this level, with the MACD showing a decrease in bullish momentum. The four-hour resistance is near the MA14, and the support is near 3160. A pullback can be bought near this level, with the MACD showing a decrease in bearish momentum.
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 has a certain lag. If you have any questions, feel free to consult.
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