Cryptocurrency News

April 5 Hot Topics:

1. All three major U.S. stock indices recorded their largest two-day drop since March 2020.

2. Pump Fun Co-founder: The Pump Fun live streaming feature has been reopened to 5% of users.

3. Coinbase will launch 24/7 trading for Bitcoin and Ethereum futures on May 9.

4. Arthur Hayes: Bitcoin may have broken its correlation with Nasdaq.

5. Tether CEO: Plans to launch a new stablecoin that complies with U.S. regulatory requirements.

Trading Insights

Core Trading Principle: Cut Losses First, Then Talk About Profits

1. Trading Principles: There are two extremely critical principles in trading, namely cutting losses and letting profits run. If we were to discuss their importance, cutting losses would be the top priority.
2. Capital First: The market is the guide. Whether engaging in speculation or investment activities, preserving capital is always the top priority. Once a loss occurs, it means you are on the opposite side of the market, which indicates that your judgment is incorrect based on actual market movements. The wisest action at this point is to cut losses promptly, rather than trying to prove that you are more correct, stronger, or smarter than the market.
3. Go with the Market: Listen to the Reminders. It is often said to befriend the market and trends. When losses occur, it is like a friend giving you a clear reminder; we should listen rather than go against it.
4. Losses Are Like Crocodiles: The Deeper You Get, the Worse It Gets. Losses must be cut promptly; otherwise, it is like being bitten by a crocodile—the more you struggle, the greater the loss. Some may escape successfully based on experience, but frequent exposure to danger can lead to more severe situations, where past experiences may fail, leading to regret.
5. Cut Losses: The Key to Survival. While cutting losses does not directly equate to making profits, it significantly increases the probability of survival in the market, allowing you to continue participating in trading.

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.

Data is real, and each trade has a screenshot from the time it was sent.

**Search for the public account: *Big White Talks Coins*

BTC

Analysis

Bitcoin's daily chart rose from a low of around 81650 yesterday to a high of around 84750, closing around 83900. The support level is around 81750; if it breaks, it could drop to around 80800. A pullback can be used to buy near this level. The resistance level is around MA14; if it breaks, it could rise to around MA200. A rebound near this level can be used to sell. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is around 81850; a pullback can be used to buy near this level. The resistance level is around MA60; if it breaks, it could rise to around MA200. A rebound near this level can be used to sell. MACD shows increasing bullish momentum, forming a golden cross.

ETH

Analysis

Ethereum's daily chart fell from a high of around 1835 yesterday to a low of around 1760, closing around 1815. The support level is around 1750; if it breaks, it could drop to around 1700. A pullback can be used to buy near this level. The resistance level is around MA14; if it breaks, it could rise to around 2000. A rebound near this level can be used to sell. MACD is oscillating and flattening, with the two lines converging. The four-hour resistance level is around MA60; if it breaks, it could rise to around MA120. A rebound near this level can be used to sell. MACD shows increasing 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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