Cryptocurrency News
January 22 Hot Topics:
1. CLS Global admits to participating in market manipulation, providing false trading services during an FBI sting operation.
2. Coinbase may delist Tether due to new regulations and provide conversion options for users.
3. The U.S. government officially launched the Department of Government Efficiency (DOGE) website.
4. Placeholder partner: Institutions and individuals are returning to the cryptocurrency market.
5. Circle acquires the issuer of the tokenized money market fund USYC, Hashnote.
Trading Insights
Seven golden tips for cryptocurrency investment; new friends, please read carefully to avoid detours!
Avoid small coin traps. Most small coins carry the risk of being a pump-and-dump scheme, and once they drop, they may go to zero. Low market cap and lesser-known small coins are particularly dangerous. It is recommended to prioritize mainstream coins, such as Bitcoin or Ethereum, as they have higher market recognition and risk resistance.
Do not blindly pursue high returns. The tenfold or hundredfold growth seen in the early days of cryptocurrency is history. Nowadays, large institutions and elite investors are entering the market, and the market dividends are limited. A steady doubling is already a rare achievement; being able to preserve capital or make a small profit surpasses most investors. Newcomers should prioritize "reducing losses" as their primary goal.
Choose storage tools cautiously. For large amounts of funds, it is advisable to store them in well-known hardware wallets (like cold wallets) to avoid exchange risks. Avoid obscure wallet applications to prevent encountering exit scams. Ensuring wallet security is the first step in protecting assets.
Avoid frequent short-term trading. The cryptocurrency market is highly volatile; it is not uncommon for Bitcoin to drop over 20% in a single day, and altcoins can be halved in an instant. Frequent short-term trading requires extremely high professional skills, which newcomers usually find difficult to master accurately. It may be better to hold quality coins and avoid losing fees or missing market opportunities due to frequent trading.
Set clear take-profit and stop-loss strategies. Before investing, set your take-profit and stop-loss points. If the price hits the stop-loss point, exit decisively; if it reaches the take-profit point, sell promptly, and do not regret subsequent fluctuations. Many people miss good opportunities in a bull market due to greed, ultimately turning paper profits into losses.
Do not invest all your funds in cryptocurrency. The cryptocurrency market is highly risky, and even the deposit and withdrawal processes may have hidden dangers. Always use idle funds for investment and never touch essential living funds. It is advisable to start with small amounts and consider increasing investment after gaining experience and market understanding.
Continuous learning and cognitive enhancement. Market returns are always based on the level of understanding. Even if you make a significant profit temporarily, a lack of deep understanding of the market can lead to rapid losses. Continuous learning about blockchain, digital currencies, and investment-related knowledge is the foundation for long-term success in the cryptocurrency space.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals 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 About Currency*
BTC
Analysis
Bitcoin's daily line rose from a low of around 100,100 yesterday to a high of around 107,300, closing around 106,100. The support level is near the MA7 moving average; if it breaks, it could drop to around 102,000. A pullback could be a buying opportunity nearby. The resistance level is around 106,000; if it breaks, it could reach previous highs. MACD shows bullish momentum. The four-hour support level is around 103,500; a pullback could be a buying opportunity nearby. MACD shows a decrease in bearish momentum and signs of a golden cross. Short-term buying can be considered around 103,550-102,280, with rebound targets around 106,000-108,500.
ETH
Analysis
Ethereum's daily line rose from a low of around 3,205 yesterday to a high of around 3,370, closing around 3,330. The support level is around 3,220; if it breaks, it could drop to the MA360 yearly line. A pullback could be a buying opportunity nearby. The resistance level is around the MA30; if it breaks, it could reach the MA60. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is around 3,160; a pullback could be a buying opportunity nearby. The resistance level is around 3,430; if it breaks, it could reach around 3,600. MACD is oscillating and flattening, with the two lines converging. Short-term buying can be considered around 3,220-3,163, with rebound targets around 3,430-3,600.
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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