Cryptocurrency News
November 16 Highlights:
[1.] BIO Protocol Founder: The Launchpad and token transfer feature of BIO will be launched in Q1 next year.
2. dYdX through revenue distribution proposal: 50% allocated to MegaVault, 10% allocated to Treasury SubDAO.
3. Against the backdrop of a booming cryptocurrency market, DeFi Technologies' assets under management (AUM) surged by 38%.
4. Federal Reserve's Collins: Does not rule out the possibility of easing policies in December.
5. FTX liquidation address received approximately $5.81 million worth of POL from Polygon half an hour ago.
Trading Insights
The bears are basically all trapped, unable to adjust much. It’s hard to get in, and once you’re in, you can’t let them run away. Personally, I don’t think the market will correct deeply. As I mentioned a few days ago, the speed of the main upward wave in this late-stage bull market is twice as fast as the last bull market, with not much adjustment time. If you’re not on the bus, you can basically only watch from the sidelines. Those waiting for a big drop to adjust, and even more absurdly saying they are waiting for a bear market, will miss out on a big market that comes only once every few years. These people who missed the boat are mostly talking about risk control, but you need to understand that it has already adjusted for eight months. The premise of risk control is that the future is uncertain or that prices have risen to a very high level. The market has clearly told you that the bull market has arrived, and the eight-month adjustment has ended. It’s really ridiculous to still be controlling risk. Rather than saying you are controlling risk, it’s more accurate to say you missed the opportunity and are looking for psychological comfort.
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 smoothly, you can come and test the waters.
The data is real, and each trade has a screenshot from the time it was sent.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily chart showed a rebound yesterday, bouncing from a low of around 87050 to a high of around 91850, closing around 91050. The upper resistance is around 92000; if broken, we can look for new highs. The lower support is near the MA7 moving average; a pullback can be bought near this level. MACD shows a decrease in bullish momentum. The four-hour chart shows lower support near MA14; if broken, we can look for MA30. A pullback can be bought near this level. The upper resistance is around 92500; if broken, we can look for new highs. MACD shows a decrease in bearish momentum and has signs of forming a golden cross.
ETH
Analysis
Ethereum's daily chart showed a rebound yesterday, bouncing from a low of around 3015 to a high of around 3135, closing around 3090. The upper resistance is near the MA7 moving average; if broken, we can look up to around 3250. The lower support is near 3000; if broken, we can look for MA200. A pullback can be bought near this level. MACD shows a decrease in bullish momentum. The four-hour chart shows upper resistance near MA30; if broken, we can look for around 3300. The bottom support is near MA90; a pullback can be bought near this level. MACD shows a decrease in bearish momentum and has signs of 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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