Cryptocurrency News
January 31 Hot Topics:
1. Tether integrates USDt into the Bitcoin ecosystem, supporting Lightning Network transactions.
2. SEC approves Bitwise Bitcoin and Ethereum ETF for listing on NYSE Arca.
3. Coinbase Derivatives submits application to list Solana and Hedera futures contracts.
4. New York Stock Exchange submits application to convert Grayscale XRP Trust into an ETF.
5. Czech central bank approves proposal to assess including Bitcoin in foreign exchange reserves.
Trading Insights
- The capital market's reaction to prices is quite accurate. It dislikes uncertainty and risk. One should pursue assets with high certainty and low risk. Pricing should reflect the market's anticipation of upcoming events.
- Daily trends should still follow price action analysis. Long-term fundamentals only provide a basis that won't completely collapse. Context analysis and support-resistance analysis are necessary, entering when a breakout occurs.
- Many voices on Twitter are just noise.
- Buying and selling cannot happen at the highest or lowest points; a suitable price range is sufficient. The importance of pricing is repeatedly emphasized.
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 trades are not going well, you can come and try it out.
Data is real, and each trade has a screenshot from the time it was sent.
Search public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily line rose from a low of around 103,300 yesterday to a high of around 106,450, closing at around 104,750. The support level is near the MA7 moving average; if it breaks, it could drop to around 101,350. A pullback can be used to buy near this level. The resistance level is around 106,100. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is near MA90; if it breaks, it could drop to MA30. A pullback can be used to buy near this level. The resistance level is near the MA7 moving average. MACD shows a decrease in bullish momentum and has signs of forming a death cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 3,090 yesterday to a high of around 3,285, closing at around 3,250. The support level is near MA120; if it breaks, it could drop to MA360. A pullback can be used to buy near this level. The resistance level is near MA30; if it breaks, it could rise to MA90. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is near 3,125; if it breaks, it could drop to MA30. A pullback can be used to buy near this level. The resistance level is near MA90; if it breaks, it could rise to MA200. MACD shows a decrease in bullish momentum.
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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