Crypto Circle News
April 6 Hot Topics:
1. Defiance ETFs has submitted an application for an innovative ETF aimed at addressing volatility decay in leveraged funds.
2. Cryptoquant CEO: The Bitcoin bull market cycle has ended, and large funds find it difficult to push prices higher.
3. Hyperliquid co-founder confirms the security of the platform's clearing mechanism and optimizes the HLP system.
4. Buffett: He will not comment on the market, economy, or tariffs before the annual meeting on May 3.
5. BitGo CEO: Currently, there are only three viable currencies in global trade: Bitcoin, gold, and the US dollar.
Trading Insights
After years in the crypto space, I have summarized several necessary factors for long-term stable profits to share with everyone. I believe this will be helpful to you!
Mindset is Key: The biggest fear in trading is emotional decision-making! Due to a sharp decline, if your mindset collapses and you cut losses, the next day the price rebounds, leaving you regretting your decision. Always maintain a good mindset, stay clear-headed, and make every decision cautiously.
Stop Loss and Take Profit, Both are Essential: Trading without a stop-loss strategy is like driving without a seatbelt! Set strict stop-loss points based on technical indicators and fundamentals. For example, decisively exit if the price breaks below key support levels. At the same time, when expected profits are reached, take profits promptly; never be greedy.
Go with the Trend, Don't Go Against the Market: The market is always right; going against the trend will only lead to losses. Make trades when the trend is clear, such as entering when breaking through key resistance levels and exiting when the trend reverses. Remember, those who follow the trend prosper, while those who go against it perish.
Learning and Reviewing, Continuous Improvement: Trading is not gambling; it requires continuous learning as an investment. Review your trades daily, analyzing the reasons for success and failure. Also, keep an eye on industry trends and technical indicators to enhance your judgment.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades from the Big White Community's live trading group this week. Congratulations to those who followed along. If your trades are not going well, you can come and try it out.
The data is real, and each trade has a screenshot from when it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 84300 to a low of around 82350 yesterday, closing around 83550. The support level is around 82400; if it breaks, it could drop to around 81650. 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 short. MACD shows bullish momentum. The four-hour upper resistance is around MA60; if it breaks, it could rise to around MA120. A rebound near this level can be used to short. MACD is stabilizing with dual lines converging.
ETH
Analysis
Ethereum's daily line fell from a high of around 1830 to a low of around 1765 yesterday, closing around 1805. The support level is around 1770; 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 short. MACD shows bullish momentum. The four-hour upper resistance is around MA60; if it breaks, it could rise to around MA120. A rebound near this level can be used to short. MACD shows 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 may have some lag. If you have any questions, feel free to consult.
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