Cryptocurrency News

March 5 Hot Topics:

1. Cumberland DRW reaches a settlement agreement with the SEC, pending final approval. The agreement was reached in principle on February 20 and is currently awaiting SEC approval.

2. Reddit co-founder joins TikTok acquisition bid, plans to "go on-chain."

3. OFAC sanctions Nemesis dark web market managers, freezing their assets in the U.S.

4. U.S. Secretary of Commerce states that the Trump administration may adjust tariff policies on Canada and Mexico, proposing limited reductions.

5. The U.S. Senate will vote to overturn controversial cryptocurrency tax rules.

Trading Insights

15 Iron Rules for Survival in the Cryptocurrency World that 99% of People Ignore!

1. In the cryptocurrency world, prices rise and fall together; in a bull market, price increases do not require value support, just a reason to rise.
2. Don’t discuss beliefs with altcoins; if you need to cut losses, do it.
3. Time is a friend of Bitcoin but an enemy of altcoins.
4. The value foundation of altcoins lies in continuous innovation; once innovation stagnates, value collapses. Bitcoin's value foundation lies in its immutability; there will be a day when those trapped in Bitcoin can break free, but the same may not apply to altcoins.
5. The only assets suitable for left-side trading are Bitcoin and Ethereum; the biggest risk for altcoins is going to zero.
6. A healthy bull market starts with Bitcoin standing out alone; therefore, first build a position in Bitcoin and Ethereum to avoid missing out on gains and not fear being trapped if prices drop.
7. Altcoins have no defensive capability.
8. Do not increase positions during a rise; position management is crucial. Test with light positions, then significantly increase after a rise; playing this way makes it hard not to lose money.
9. The positions in Bitcoin and Ethereum should not be less than half.
10. When trading altcoins, proactively take profits and sell.
11. If you fall in one place, get up in another; if you lose money here, earn it back elsewhere.
12. The biggest cost after being trapped is opportunity cost.
13. The core of trading altcoins is knowing when to sell.
14. Only eat until you are three-quarters full; fish heads and tails are not that tasty, leave them for the market makers. Wait for the leading coins to emerge before going for the more certain gains.
15. When trading altcoins, always use light positions; heavy positions can ruin your mindset, leading to poor operations and losses.

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 Coins*

BTC

Analysis

Bitcoin's daily line rose from a low of around 81,500 to a high of around 88,950 yesterday, closing around 87,250. If it breaks down, it could look towards the MA200. A pullback can be bought near this level. The upper resistance is near MA14; if broken, it could look towards MA30. A rebound to this area can be used to short. MACD shows a decrease in bearish volume and has signs of forming a golden cross. The four-hour support is near the MA7 moving average; a pullback can be bought near this level. The upper resistance is near MA60. MACD shows a decrease in bearish volume and has signs of forming a golden cross.

ETH

Analysis

Ethereum's daily line rose from a low of around 1,985 to a high of around 2,220 yesterday, closing around 2,170. The lower support is near 2,100; if broken, it could look towards around 2,000. A pullback can be bought near this level. The upper resistance is near the MA7 moving average; if broken, it could look towards MA14. A rebound to this area can be used to short. MACD shows a decrease in bearish volume. The four-hour support is near 2,070; a pullback can be bought near this level. MACD shows a decrease in bearish volume 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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