Cryptocurrency News
June 12 Highlights:
1. DeFi Development temporarily withdraws $1 billion securities issuance plan due to 10-K form issues.
2. Coinbase announced early this morning that it will list FARTCOIN, SQD, and CAKE.
3. GameStop plans to issue $1.75 billion zero-coupon convertible bonds for general purposes and potential acquisitions.
4. The U.S. Senate passes a procedural motion, and the "GENIUS Stablecoin Act" enters the final voting stage.
5. U.S. Senator John Thune: Cryptocurrency will continue to exist, and now is the time to make it mainstream.
Trading Insights
After years in the cryptocurrency space, I have gained some insights from the details of trading, which I would like to share! The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons. The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules!
Abandon the fantasy of a holy grail and return to essential laws.
The profit code is never hidden in secret texts or from masters, but in the four clear elements: trend direction, support and resistance, capital management, and rule execution.
There are no shortcuts to success; achieving simple rules to the extreme is the starting point of compound interest.
Give up the obsession with predictions and focus on rule execution.
Those who guess price movements will eventually be harvested by the market; the core of trading is responding rather than predicting.
There is no need to get entangled in individual profits and losses; just stick to the rules, and probabilities will naturally tilt in the long-term execution.
Tame human weaknesses: cut losses and amplify profits.
Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison.
Profit comes from one correct position rather than hundreds of ineffective trades; let profits run with the trend.
Stay away from market noise and be a rational observer.
The more frequently you watch the market, the more chaotic your mindset; the more cluttered your trades, the more mistakes you make.
Skilled traders know to maintain a safe distance from the market, capturing their own certain trends while waiting.
The ultimate realm of trading: boredom equals stability.
The daily routine of top traders is monotonous and repetitive: rules remain unchanged, execution is unbiased, and emotions are stable.
Discipline is above all; do not rejoice in profits or waver in losses, be a mechanical executor of the rules.
Survival first principle: living longer is more important than earning quickly.
Those who face liquidation are not foolish but die from uncontrolled risk management.
Control drawdowns and manage positions well, keeping yourself at the table; time will amplify the compound interest of correct decisions.
The market never rewards effort; it only opens dividends to those who awaken their cognition. The core of making money is not technology, but understanding the essence of cognition and unwavering execution. When you learn to combat human nature and coexist with rules, the market will naturally become your training ground.
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 operations are not going smoothly, 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 fell from a high of around 110,350 to a low of around 108,000 yesterday, closing around 108,600. 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 109,350; if it breaks, it could rise to around 110,650. A rebound near this level can be used to sell short. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is near MA120; if it breaks, it could drop to around MA60. A pullback can be used to buy near this level. The resistance level is around 108,500; if it breaks, it could rise to around MA14. A rebound near this level can be used to sell short. MACD shows an increase in bearish momentum, forming a death cross.
ETH
Analysis
Ethereum's daily line fell from a high of around 2,880 to a low of around 2,740 yesterday, closing around 2,740. The support level is near MA360; if it breaks, it could drop to around MA200. A pullback can be used to buy near this level. The resistance level is around 2,865; if it breaks, it could rise to around 2,905. A rebound near this level can be used to sell short. MACD shows an increase in bullish momentum, forming a golden cross. The four-hour support level is near 2,730; if it breaks, it could drop to around 2,690. A pullback can be used to buy near this level. MACD shows a decrease in bullish momentum, indicating signs of forming a death cross.
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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