Cryptocurrency News

February 27 Hot Topics:

1. The U.S. House of Representatives advances a bill to overturn IRS rules on cryptocurrency.

2. The Oklahoma State Government Oversight Committee has passed a strategic Bitcoin reserve bill, moving it to the House for a vote.

3. Aleksei Andriunin has been extradited to the U.S. on charges of manipulating the cryptocurrency market.

4. The Ethereum Foundation has donated $1.25 million to support the legal defense of Tornado Cash developers.

5. Deribit data: Approximately $5 billion in BTC options will expire on Friday, with the maximum pain point at $98,000.

Trading Insights

1. If the market crashes and the coins you hold haven't dropped much, it indicates that there are market makers supporting the price. Hold onto such coins; there will definitely be profits later!
2. New traders should remember to gather macro information. For short-term trading, focus on the 5-day moving average; if the price is above it, hold on, and if it breaks below, exit quickly. For medium-term, watch the 20-day moving average, the same principle applies. Avoid unnecessary complexities; once you identify a trend, act decisively!
3. If you buy a coin and it doesn't move for three days, quickly switch to another. If you buy and it drops, and you lose 5%, don't hesitate—cut your losses!
4. If a coin has dropped significantly from its peak and continues to decline, it has likely reached a bottom, and a rebound is imminent. This is the time to act decisively!
5. When trading, focus on leading coins; they tend to rise the most and are also more resilient to declines. Don't be afraid to buy at higher prices, and don't catch falling knives just because a coin has dropped significantly; leading coins should be pursued for both upward and downward movements!
6. Stop trying to catch the bottom; coins that are falling are like jumping off a building—there's no bottom. Cut your losses when necessary; following the trend is key. It's not about buying cheap, but about timing!
7. Don't get carried away after making some profits; it's easy to make money once, but hard to make it consistently. After each profit, reflect on whether it was your skill or just luck. Developing your own trading strategy is essential!
8. When uncertain, stay in cash. Being in cash is not shameful; losing money is. Remember, you're here to preserve your capital, not to gamble! Trading is not about speed; it's about success rate and risk-reward ratio!

LIFE IS LIKE

A JOURNEY ▲

Below are the real-time trades from the Daba community this week. Congratulations to those who followed along. If your trades aren't going well, feel free to test the waters.

The data is real, and each trade has a screenshot from when it was issued.

**Search for the public account: *Daba Talks Coins*

BTC

Analysis

Yesterday, Bitcoin's daily line dropped from a high of around 89,400 to a low of around 82,250, closing around 84,250. The support level is near the MA200. A pullback can be bought near this level. The resistance level is around 90,000; if broken, it can be seen near the MA7 moving average. A rebound near this level can be sold short. MACD shows increasing bearish momentum. The four-hour support is around 83,350; a pullback can be bought near this level. The resistance is near the MA7; if broken, it can be seen near the MA14. A rebound near this level can be sold short. MACD shows decreasing bearish momentum.

ETH

Analysis

Ethereum's daily line dropped from a high of around 2,510 to a low of around 2,250, closing around 2,335. The support level is near 2,255; a pullback can be bought near this level. The resistance is near the MA7 moving average; if broken, it can be seen near the MA14. A rebound near this level can be sold short. MACD shows increasing bearish momentum forming a death cross. The four-hour resistance is near the MA14; if broken, it can be seen near the MA30. A rebound near this level can be sold short. MACD shows decreasing 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 may have some lag. If you have any questions, feel free to consult.

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