Cryptocurrency News
May 25 Hot Topics:
1. Bitcoin mining company Riot Platforms will expand its credit line with Coinbase to $200 million.
2. The U.S. Treasury Secretary expects stablecoins to create a $2 trillion demand for government bonds.
3. Slow Mist: The Cetus theft incident was a precision math attack, where the attacker obtained billions in liquidity using just one token.
4. The entire Genesis Launch of $VIRTUAL has started, and the overall (3,3) game is just heartbreaking.
5. A U.S. judge overturned the conviction in the Mango Markets manipulation case due to improper trial location.
Trading Insights
How can one survive long-term in the cryptocurrency space? I know an experienced senior who entered the crypto world with 100,000 yuan and has now reached over 30 million. He once told me something that enlightened me. He said, "The cryptocurrency market is filled with a crowd of people; you just need to control your emotions, and this market is an ATM! In the crypto world, your trading strategy is your 'secret weapon.' The following phrases are the crystallization of practical experience, so save them quickly!
Entry Tips: Test the waters in the crypto space, prepare to proceed; enter steadily, refuse to rush.
Consolidation Tips: Low-level consolidation creates new lows; it's the right time to buy heavily; high-level consolidation and then a surge; decisively sell without hesitation.
Volatility Tips: Sell at highs, enter quickly on dips; observe during consolidation, reduce trading. Consolidation means sideways instead of down; hold your positions, and a rise may come in the next second; during a rapid rise, beware of a crash, and be ready to secure profits; a slow decline is a good time to gradually add to positions.
Timing Tips: Don't sell at highs; don't buy at dips; during consolidation, don't trade. Buy on bearish candles, sell on bullish candles; contrarian trading is the way to stand out. Buy on significant morning dips, sell on significant morning rises; don't chase highs in the afternoon, buy on afternoon dips the next day; don't cut losses on morning dips, if there's no rise or fall, take a break; add to positions to seek breakeven, excessive greed is not advisable.
Risk Awareness: A calm lake can suddenly have high waves; there may be big waves ahead; after a significant rise, a correction is inevitable, with K-lines showing a triangle for several days. In an uptrend, look for support; in a downtrend, look for resistance. Full position trading is a big taboo; stubbornness is not feasible; know when to stop in the face of uncertainty, and grasp the timing of entry and exit.
Trading cryptocurrencies is essentially about trading mindset; greed and fear are the biggest enemies; be cautious when chasing highs and cutting losses, and maintain a calm mind for peace. Besides these phrases, I have also organized several super practical trading methods that can benefit both beginners and seasoned players.
Oscillation Trading Method: Most market conditions are in oscillation patterns; using high sell and low buy within a range is the foundation for stable profits. Utilize the BOLL indicator and box theory, combined with technical indicators and patterns to identify resistance and support. Follow short-term trading principles, and avoid greed.
Breakout Trading Method*: After a long period of consolidation, the market will choose a direction; entering after a breakout can yield quick profits. However, it requires precise breakout trading methods.
Unilateral Trend Trading Method*: After breaking out of a range, the market will form a unilateral trend; trading in the direction of the trend is key to profit. Enter during corrections or rebounds, referencing K-lines, moving averages, BOLL, trend lines, etc.; proficiency is essential.
Resistance and Support Trading Method*: When the market encounters key resistance and support levels, it often faces obstacles or gains support; entering at this time is a common strategy. Use trend lines, moving averages, Bollinger Bands, parabolic indicators, etc., to accurately judge resistance and support levels.
Retracement and Rebound Trading Method: After significant rises or falls, there will be a brief retracement or rebound; seize the opportunity for easy profits. Mainly rely on K-line patterns for judgment; good market sense can help you accurately grasp highs and lows.
Time Period Trading Method: Morning and afternoon sessions have small fluctuations, suitable for conservative investors; although the time to profit is long, the market is easier to grasp; evening and early morning sessions have large fluctuations, suitable for aggressive investors; quick profits are possible but with high difficulty, requiring strict technical and judgment skills.
I also want to remind everyone that the cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and respond to market changes with a steady strategy!
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 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 106,850 to a high of around 109,450 yesterday. Currently, it is around 107,700, with support below at around 106,350. If it breaks below, it could drop to around MA14. A pullback can be bought near this level. The resistance above is at around 109,550; if it breaks, it could reach a new high. MACD shows increasing bearish momentum. The four-hour support is at around MA60; if it breaks, it could drop to around MA90. A pullback can be bought near this level. MACD shows increasing bearish momentum.
ETH
Analysis
Ethereum's daily line rose from a low of around 2,515 to a high of around 2,575 yesterday, closing at around 2,530. Support below is at around 2,430; if it breaks, it could drop to around 2,345. A pullback can be bought near this level, with the bottom at around MA30. The resistance above is at around 2,610; if it breaks, it could reach around MA200. A rebound near this level can be used to short. MACD shows increasing bearish momentum, forming a death cross. The four-hour support is at around MA120; if it breaks, it could drop to around 2,340. A pullback can be bought near this level. The resistance above is at around MA14. MACD shows increasing 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 may have some lag; if you have any questions, feel free to consult.
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