Cryptocurrency News
June 11 Hot Topics:
1. US-China trade negotiation mechanism meeting: The US Secretary of Commerce stated that if a solution is reached with China regarding rare earth and magnet licensing issues, export controls may be "relaxed."
2. GameStop: Purchased 4,710 bitcoins as reserve assets between May 3 and June 10.
3. Trump: It remains to be seen whether the rebellion act needs to be invoked regarding the protests in Los Angeles.
4. Ethereum Foundation warns users about risks related to user experience and social layer security.
5. Connecticut legislation prohibits state government from holding or investing in virtual currencies.
Trading Insights
Want to live longer and earn more? These 6 simple methods are more effective than listening to experts! 1. Follow the trend; don’t stubbornly resist. High-level consolidation may still rise, while low-level fluctuations may continue to fall. Understand the big direction before taking action; don’t go against the market! 2. Don’t enter blindly; wait for signals. Don’t rush to buy during consolidation; wait until the price clearly rises or falls before acting, or you’ll just be throwing money away! 3. Buy on bearish candles, sell on bullish candles. Don’t rush to exit when a bearish candle appears; it might be an opportunity. Don’t be greedy when a bullish candle appears; sell when it’s time, don’t wait for a pullback to regret! 4. The sharper the decline, the stronger the rebound. Stocks that decline slowly may rebound sluggishly, while those that plummet are easier to suddenly rise. Look for sharp declines to buy the dip, and run when it rebounds! 5. Pyramid building: Use a pyramid-style accumulation to effectively lower costs. 6. The longer the consolidation, the sharper the breakout. After consecutive rises or falls, don’t be careless; the longer it consolidates, the easier it is to suddenly surge or plummet. Keep a close watch before taking action! Remember: Don’t act impulsively; take it steady! Trading cryptocurrencies is not gambling. Master these 6 tips, minimizing losses is profit, and how much you earn depends on your patience!
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades 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.
Data is real, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 108,300 to a high of around 110,350 yesterday, closing around 110,250. The support level is around 108,800; if it breaks, it can be seen near the MA7 moving average. A pullback can be used to buy near this level. The resistance level is around 110,200; if it breaks, it can be seen at a new high. The MACD shows an increase in bullish momentum and has signs of a golden cross. The four-hour support level is near MA14; if it breaks, it can be seen around 107,700. A pullback can be used to buy near this level. The MACD shows a decrease in bullish momentum and has signs of a death cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 2,650 to a high of around 2,825 yesterday, closing around 2,815. The support level is near MA200; if it breaks, it can be seen near MA30. A pullback can be used to buy near this level. The resistance level is around 2,865; if it breaks, it can be seen around 2,905. A rebound to this level can be used to sell short. The MACD shows a decrease in bearish momentum and has signs of a golden cross. The four-hour support level is around 2,730; if it breaks, it can be seen near MA14. A pullback can be used to buy near this level. The MACD shows a decrease in 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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