5.21 Bitcoin is moving towards a new high, while Ethereum is fluctuating sideways at a high level, with various positive news emerging.

CN
13 hours ago

Cryptocurrency News

May 21 Hot Topics:

1. Max Resnick plans to build Solana into a decentralized Nasdaq.

2. CME Group's XRP futures saw over $19 million in trading volume on the first day, outperforming Solana.

3. New York City will establish a Digital Asset Advisory Committee to explore on-chain applications for government affairs.

4. Blackstone disclosed its holdings in IBIT for the first time, establishing Bitcoin-related positions.

5. Bitwise plans to launch three yield-oriented ETFs with exposure to crypto assets.

Trading Insights

In the cryptocurrency world, many retail investors prefer short-term trading. Here are a few tips to help you achieve more with less effort!

  1. High-level consolidation may lead to new highs; low-level hovering may indicate new lows. Observe calmly, wait for clear direction, and then act—this is a prudent strategy.

  2. In a sideways market, keep your mind as still as water. Most people fail because they cannot endure the loneliness; only by maintaining this tranquility can extraordinary achievements be realized.

  3. K-line fluctuations present opportunities for buying and selling. A bearish daily close may signal a good buying opportunity; a bullish daily close suggests considering a reduction in holdings—this aligns with market rhythms.

  4. Slow declines lead to slow rebounds; sharp declines may lead to expected rebounds. Market fluctuations have their own rules; understanding this can help you seize opportunities.

  5. Pyramid-style position building is the essence of value investing. Gradually increase your position, steadily accumulate, exchange time for space, and patiently wait for the moment to bloom.

  6. After rises and falls, there will be consolidation. At this time, there is no need to sell everything due to high prices, nor to heavily bet due to low prices. Because after consolidation, a change is imminent. If it turns down from a high position, timely stop-loss to preserve strength for future battles.

  7. After rises and falls, there will be consolidation. At this time, there is no need to sell everything due to high prices, nor to heavily bet due to low prices. Because after consolidation, a change is imminent. If it turns down from a high position, timely stop-loss to preserve strength for future battles. The trading journey is long; to achieve long-term stable profits, one must focus on "stability," avoid "urgency" and "greed," and accumulate over time!

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 the time it was sent.

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

BTC

Analysis

Bitcoin's daily line rose from a low of around 104,150 to a high of around 107,300 yesterday, closing around 106,800. The support level is near the MA7 moving average; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The resistance level is around 108,500; if it breaks, it could reach a new high. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is near the MA7 moving average; if it breaks, it could drop to around MA30. A pullback can be used to buy near this level. MACD shows increasing bullish momentum.

ETH

Analysis

Ethereum's daily line fell from a high of around 2,585 to a low of around 2,440 yesterday, closing around 2,525. The support level is near 2,440; if it breaks, it could drop to around MA120. A pullback can be used to buy near this level. The resistance level is near MA200; if it breaks, it could reach around MA360. A rebound to this level can be used to sell short. MACD shows decreasing bullish momentum and is showing signs of forming a death cross. The four-hour support level is near MA14; if it breaks, it could drop to around MA90. A pullback can be used to buy near this level. MACD shows increasing 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 has a certain lag. If you have any questions, feel free to consult.

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Bitget:注册返10%, 送$100
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