6.4 Bitcoin ETF suspected to start unloading, various ETFs increase holdings of Ethereum, James Wynn is about to face liquidation.

CN
2 days ago

Cryptocurrency News

June 4 Hot Topics:

1. U.S. Treasury Secretary Yellen: Trump aims to make the U.S. a center for digital innovation.

2. Donald Trump Jr. denies association with TRUMP Wallet, promotes World Liberty Financial official wallet instead.

3. Arthur Hayes: Debt relief during election cycles is a winning strategy; those worried about U.S. spending cuts can confidently buy more BTC.

4. Telegram Gifts recorded a single-day trading volume of $3.5 million on-chain and off-chain on June 2.

5. Economists: The Federal Reserve may significantly cut interest rates in December.

Trading Insights

Having been in the cryptocurrency space for many years, I've seen too many newcomers rush into the market and make random trades, resulting in significant losses! Here are a few tips for trading beginners! 1. Accurately identify buy and sell points. This is the first step to profit; learn to understand market signals, know when to enter and when to exit, and don’t place orders haphazardly. 2. Decisively set stop-loss lines. Set a "brake" for your losses; when you reach the predetermined loss level, don’t hesitate, quickly close your position. Otherwise, losses can spiral out of control, risking total capital loss. 3. Strictly manage your position size. Don’t impulsively go all in; we are not gamblers. Control the amount for each trade, start small, and consider increasing your investment once you have enough experience. 4. Stay calm and control your emotions. Maintain a steady mindset while trading. If you incur losses, don’t rush to make revenge trades; if you make profits, don’t get carried away. Many beginners panic when they lose $30,000 from a $100,000 capital, trembling and unable to press the close button, which is not acceptable. 5. Avoid complex operations in the early stages. Don’t start with complex operations like pyramid trading; avoid cross-asset hedging for now. Focus on solidifying your foundation. Stick to a trading method that suits you, practice diligently until you can react instinctively to trading signals.

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 fell from a high of around 106,800 to a low of around 104,800 yesterday, closing around 105,300. The support level is around 104,800; if it breaks, it could drop to around 103,500. A pullback can be used to buy near this level. The resistance level is around MA14; if it breaks, it could rise to around 108,750. A rebound near this level can be used to sell. MACD shows a decrease in bearish volume. The four-hour support level is around 104,450; if it breaks, it could drop to around MA200. A pullback can be used to buy near this level. The resistance level is around MA120; if it breaks, it could rise to around MA90. A rebound near this level can be used to sell. MACD shows a decrease in bullish volume and indicates signs of a death cross.

ETH

Analysis

Ethereum's daily line fell from a high of around 2,655 to a low of around 2,575 yesterday, closing around 2,590. The 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. 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. MACD shows a decrease in bearish volume. The four-hour support level is around MA90; if it breaks, it could drop to around MA30. A pullback can be used to buy near this level. MACD shows a decrease in bullish volume.

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.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bitget:注册返10%, 送$100
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