Cryptocurrency News

November 22 Hot Topics:

1. Daily trading volume hits a 12-month high, significant changes in market dynamics

2. The Trump administration may establish a "crypto czar" position, with Chris Giancarlo seen as a top candidate

3. U.S. SEC Chairman Gary Gensler will step down on January 20, 2025

4. The U.S. CFPB finalizes digital payment rules for large non-bank companies, excluding cryptocurrencies

5. Texas court overturns SEC's expanded "dealer" rule, protecting the crypto industry

Trading Insights

Veteran traders share their trading insights:

1. Determine the trend, find entry points, and calculate the risk-reward ratio.
2. Frequent trading: If you can't control your hands, set a target for yourself. Stop trading after making a certain amount of U each day. Earning a living through trading is a mindset that cannot be achieved in the market.
3. Not setting stop-losses and over-leveraging can lead to significant account drawdowns, which are difficult to manage; this is a major taboo.
4. Opening positions with account profits without setting a break-even point; overlooking small amounts can lead to missing out on larger profits. Many experienced traders make this mistake as well.
5. Determine the trend: when you don't have a trend-following position, avoid opening counter-trend positions for small profits; focus on one direction!
6. The same stop-loss and take-profit points given by the teacher. Out of 10 trades, 7 may be profitable and 3 may incur losses (liquidation).
7. Quantify losses: calculate how much you can afford to lose with stop-losses. For example, with a 10,000 U account trading BTC, if you can accept a stop-loss of 500 U, set a stop-loss at 1000 points down for 0.5 BTC, and at 500 points down for 1 BTC.
8. Trading anxiety can affect your appetite and sleep. Constantly checking your phone while holding positions, even at traffic lights, is a common issue for beginners. If you can't overcome this mindset, you won't trade well.
9. Set stop-losses when opening positions, ensuring each trade is within an acceptable range. Never get liquidated; you can always recover. It's not about who makes the most temporarily, but about who can survive in this ever-changing trading market.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trades from the Big White Community's live trading group this week. Congratulations to those who followed along. If your trades aren't going well, you can come and test the waters.

The data is real, and each trade has a screenshot from the time 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 94,050 to a high of around 99,300, breaking through to a new high, just a step away from 100,000. The closing price was around 99,000. The upper resistance is near the 100,000 mark, while the lower support is near the MA7 moving average. If it breaks below, it could drop to the MA14 level. A pullback can be used to buy near this level. The MACD shows bullish momentum. The four-hour chart shows support near the MA14; if it breaks below, it could drop to the MA30. A pullback can also be used to buy near this level, with the MACD showing bullish momentum forming a golden cross.

ETH

Analysis

Ethereum's daily chart showed a surge yesterday, rising from a low of around 3,030 to a high of around 3,390, closing at around 3,355. The upper resistance is near 3,450, while the lower support is near the MA14. A pullback can be used to buy near this level, with the MACD showing bullish momentum forming a golden cross. The four-hour chart shows support near the MA7; a pullback can also be used to buy near this level, with the MACD showing 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 may have some lag. If you have any questions, feel free to consult.

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