Cryptocurrency News

May 17 Highlights:

1. Wall Street analysts believe the impact of the Coinbase network attack and SEC investigation is limited, and the stock price rebounds.

2. An Argentine judge orders the freezing of assets of key figures in the LIBRA project.

3. Wall Street analysts believe the impact of the Coinbase network attack and SEC investigation is limited, and the stock price rebounds.

4. Bitwise Chief Investment Officer: The allocation of crypto assets in the portfolio should be increased to 5%.

5. USD1 stablecoin has achieved multi-chain availability through Chainlink's cross-chain interoperability protocol.

Trading Insights

Five essential skills for making profits in the cryptocurrency market! If you want to profit from professional trading in the cryptocurrency market, you need to master the following five dimensions:

1. Trend Selection: Grasp the trend direction. The trend is crucial; the four-year halving cycle of cryptocurrencies, combined with the Federal Reserve's monetary policy factors, creates a clear trend. Mastering these two aspects and selecting the right trading trend allows you to control the overall direction.
2. Coin Selection: Precisely filter targets. After determining the trend, selecting coins is key. Holding coins in a bear market often leads to profits in a bull market, but there are also failed projects. You can discover quality coins by observing the fundamentals of the coin, institutional accumulation traces, price performance, and the development of technology, sentiment, and narratives.
3. Timing: Find the right entry point. After selecting the token, you need to observe the market to find the entry point. Learning classic technical theories such as candlestick patterns and Dow Theory helps you obtain suitable buying opportunities, allowing you to build positions at lower costs and maximize profits.
4. Take Profit: Secure profits reasonably. Precise profit-taking is not easy; a common method is to take profits in batches, leaving 10% of the position to feel the market. This ensures profit while being able to accept market fluctuations.
5. Position Management: Control the lifeblood of trading. This is crucial for survival in the cryptocurrency market and is key to continuous profitability. You can use the 334 or 235 principles to control your position and stabilize your emotional state, allowing for smooth entry and exit. There are many opportunities in the cryptocurrency market; only by mastering these five essential skills and staying clear-headed can you progress steadily and far.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community this week. Congratulations to the friends 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 sent.

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

BTC

Analysis

Bitcoin's daily line fell from a high of around 104550 to a low of around 103050 yesterday, closing around 103400. The support level is around 102350; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around 105000; if it breaks, it could rise to around 106500. A rebound near this level can be used to sell short. MACD shows a decrease in bullish momentum, indicating signs of a death cross. The four-hour support level is around MA60; if it breaks, it could drop to around MA90. A pullback can be used to buy near this level. MACD shows an increase in bearish momentum, forming a death cross.

ETH

Analysis

Ethereum's daily line fell from a high of around 2650 to a low of around 2530 yesterday, closing around 2535. The support level is around 2440; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around MA200; if it breaks, it could rise to around MA360. A rebound near this level can be used to sell short. MACD shows a decrease in bullish momentum. The four-hour support level is around MA60; a pullback can be used to buy near this level. The resistance level is around MA30; a rebound near this level can be used to sell short. MACD shows an increase in 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 has a certain lag. If you have any questions, feel free to consult.

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