Cryptocurrency News
April 29 Highlights:
1. Raydium LaunchLab sets new records for token creation and active addresses.
2. The Arizona House of Representatives passed two Bitcoin reserve bills, awaiting the governor's signature.
3. According to analysis from The Kobeissi Letter: U.S. consumer confidence in the stock market has fallen to a historic low, with rising risk aversion.
4. BlackRock's Chief Investment Officer: Bitcoin volatility shows "positive skew," optimistic about the market's tokenization prospects.
5. Tether releases Q1 2025 XAU₮ certification report, with physical gold reserves exceeding 7.7 tons.
Trading Insights
After years in the cryptocurrency space, I have summarized five essential dimensions that are indispensable!
Choosing Trends: Grasping cycles and market direction. The cryptocurrency market has clear patterns, with a halving cycle every four years, combined with the Federal Reserve's monetary policy, forming the core logic of market trends. Capturing these two key elements and acting accordingly is essential for riding the wave.
Choosing Coins: Carefully selecting and avoiding pitfalls. While there may be opportunities to accumulate coins at the bottom of a bear market, one must also be wary of "bad" projects. Selecting coins requires a comprehensive analysis of the coin's fundamentals, institutional movements, and price performance, while paying attention to technology, sentiment, and narrative development to accurately identify potential coins.
Timing: Timing determines success or failure. Once a desired token is selected, analyze the market to find the best entry point. A lower cost allows you to remain calm during fluctuations and maximize profits.
Taking Profits: Gradually securing profits. Precise profit-taking is difficult, so it is recommended to use a staggered profit-taking method, leaving 10% of your position to feel the market. This way, you can lock in profits while not missing out on potential gains.
Position Management: The lifeline of risk control. Proper position management is key to sustained profitability. Using a multiple-entry principle can help avoid full position risks. Controlling your position allows you to manage your mindset and navigate the market freely.
The cryptocurrency space is never short of opportunities; what is lacking is a clear mind and solid fundamentals when facing opportunities and risks.
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 92700 to a high of around 95600 yesterday, closing around 94950. The support level is near MA120; if it breaks, it could drop to MA14. A pullback can be used to buy near this level. The resistance level is around 95300; if it breaks, it could rise to around 96900. A rebound near this level can be used to sell short. MACD shows a bullish contraction. The four-hour support level is around 93450; if it breaks, it could drop to around 92050. A pullback can be used to buy near this level. MACD shows a bearish contraction with signs of a golden cross forming. The mid-term target is around 92060-90630 for buying. The rebound target can be seen at around 98500, and a rebound to 969 can be used to sell short, targeting around 95700-93500.
ETH
Analysis
Ethereum's daily line rose from a low of around 1745 to a high of around 1830 yesterday, closing around 1800. The support level is near MA14; if it breaks, it could drop to around 1665. A pullback can be used to buy near this level. The resistance level is near MA60; a rebound to this level can be used to sell short. MACD shows a bullish contraction. The four-hour support level is around 1755; if it breaks, it could drop to near MA200. A pullback can be used to buy near this level. MACD shows a bearish contraction with signs of a golden cross forming. The short-term target is around 1707-1666 for buying. The rebound target can be seen at around 1800-1880.
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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