Cryptocurrency News
November 6 Hot Topics:
1. The U.S. Supreme Court officially begins hearing arguments regarding Trump's tariffs.
2. Morgan Stanley CEO: No signs of cracks in the credit cycle.
3. The Bank of England plans to introduce regulatory policies for stablecoins, possibly setting a temporary holding limit.
4. Multiple EU countries join forces to combat crypto fraud, with involved amounts reaching $689 million.
5. Balancer's preliminary report reveals attack vectors and recovery progress for V2 Composable Pool.
Trading Insights
A summary of some common professional terms in the cryptocurrency space and their explanations, which I believe can help newcomers!
Basic Terms
Position: Refers to the ratio of actual investment to actual invested funds.
Full Position: Buying virtual currency with all available funds.
Reducing Position: Selling part of the virtual currency.
Liquidation: Selling all virtual currency.
Heavy Position: Buying a large amount of a certain virtual currency.
Light Position: Buying a small amount of a certain virtual currency.
Building Position: Buying virtual currency.
Averaging Down: Buying virtual currency in batches, such as first buying a certain amount of a coin, then buying more later.
Take Profit: Selling held virtual currency after achieving a certain profit to secure gains.
Stop Loss: Selling held virtual currency after incurring a certain loss to prevent further losses.
Market Conditions
Bull Market: Prices are continuously rising, with an optimistic outlook.
Bear Market: Prices are continuously falling, with a bleak outlook.
Bullish (Going Long): Buyers believe the price of the coin will rise in the future, buying coins and selling them for profit after the price increases.
Bearish (Going Short): Sellers believe the price of the coin will fall in the future, selling coins they hold (or borrowing coins from a trading platform) and buying them back at a lower price for profit.
Rebound: When the price drops too quickly, it may rise again due to overselling.
Consolidation (Sideways): Price fluctuations are small, and the coin price is stable.
Slow Decline: The price of the coin is gradually falling.
Plunge (Waterfall): The price of the coin drops rapidly and significantly.
Trading Behavior
Stuck: Buying leads to a drop, referred to as being stuck.
Missing Out: Selling leads to a rise, referred to as missing out.
Cutting Losses: Buying leads to a drop, selling the virtual currency at a low price to minimize losses.
Unsticking: After being stuck, the price rises, turning losses into profits.
Overbought: The price has risen continuously to a certain height, with buying power exhausted, and the price is about to fall.
Oversold: The price has fallen continuously to a certain low point, with selling power exhausted, and the price is about to rise.
Inducing Buying: After a long period of consolidation, the likelihood of a drop is high, most shorts have sold their virtual currency, and suddenly the bears push the price up, enticing bulls to believe the price will rise, leading to buying, only for the bears to suppress the price, trapping the bulls.
Inducing Selling: After bulls buy virtual currency, the price is intentionally suppressed, leading bears to believe the price will fall, prompting them to sell, resulting in falling into the bulls' trap.
Digital Currency and Projects
ICO: Initial Coin Offering, a financing behavior where blockchain projects exchange their issued virtual currency for commonly used virtual currency in the market, originating from the concept of Initial Public Offering (IPO) in the stock market.
Private Placement: A way to invest in cryptocurrency projects, and the best way for project founders to raise funds for platform operations.
Air Coin: Tokens without any technical backing, claiming to increase by hundreds or thousands of times but are actually unable to deliver.
Ponzi Coin: Profiting by recruiting others, completely copying someone else's open-source code, not updating the code, and not disclosing project progress.
Technology and Operations
Mining: The process of using computers, phones, and other devices to run computational programs to obtain digital currency.
Wallet: Generally refers to a blockchain wallet used to store one's digital currency assets.
Hash Value: A function that compresses messages of arbitrary length into a fixed-length message digest.
Hash Rate: The computing power of a computer during the mining process.
Mining Pool: An automated mining platform that allows miners to contribute their hash power to mine together to create blocks, receive block rewards, and distribute profits based on hash power contribution.
Leverage Trading: Using a small amount of funds to invest multiples of the original amount, hoping to achieve returns that are multiples of the fluctuations of the investment target, or incur losses.
Candlestick Chart: A chart created using the opening price, highest price, lowest price, and closing price for each analysis period.
Market Order: Buying and selling transactions at the current price.
Limit Order: Buying or selling transactions at a specified price, also known as a delegated order or pending order.
Other Terms
Big Coin: A nickname for Bitcoin (BTC).
Auntie: A nickname for Ethereum (ETH).
Dog Dealer: A person who profits by manipulating the market in the cryptocurrency space, often referring to malicious scammers in the cryptocurrency space.
All In: A transliteration of "show hand," referring to putting all one's money into the cryptocurrency market or a specific coin.
Slapping Thigh: Describing deep regret, usually used after making a wrong move.
Brick Moving: Buying digital currency from exchanges with low prices and then selling it at exchanges with high prices.
Understanding these professional terms can help newcomers better comprehend and participate in cryptocurrency activities, but it is also important to note that investing in cryptocurrency carries risks, so it must be approached with caution.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community's trading group 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 sent.
**Search for the public account: *Big White Talks About Currency*
BTC
Analysis
Today, many friends attribute the rise in the risk market to the impending end of the U.S. government shutdown (in reality, there is no information indicating it will end soon), which may not be entirely correct. A more significant reason is likely that Kalshi has reduced the likelihood of the Supreme Court upholding President Trump's global tariffs to 29%. The positive aspect is that ruling the tariffs illegal will lower corporate supply chain costs, increase profits, and reduce inflation. If Trump's tariffs are deemed illegal and he cannot maintain his new tariff measures, it means lower taxes, less bottlenecking, and cheaper goods for U.S. companies, especially those tech companies, manufacturing firms, and consumer goods industries that rely on overseas supply chains, directly enhancing profit margins, essentially making the market wealthier and reducing inflationary pressures.
Weekly Level: This week's weekly candlestick has begun to form a long lower shadow, with buying interest at the 100,000 mark. A clear head and shoulders pattern has emerged in the current structure, and the current market is a rebound after reaching the neckline. Attention needs to be paid to the confirmation of the right shoulder's high point, with significant resistance at the 108,900 level.
Daily Level: In terms of price action, yesterday's daily candlestick closed bullish with increased volume, forming a piercing bullish candlestick pattern with the previous day's bearish candlestick, so today we still expect the price to rise.
Structurally, there is resistance at the neckline of a small head and shoulders pattern above, along with Vegas resistance and a fixed volume POC area. This area will certainly have resistance, but the current challenge lies in confirming specific points within the area, and long positions should take profits in batches.
4-Hour Level: In terms of Fibonacci retracement, there is resistance near the 107,700 level at the 0.5 area, while the rising trend line and the upper Bollinger band form a resonance point of resistance.
In terms of Bollinger Bands, the middle band provides intraday resistance, but according to the current V-shaped reversal structure, the probability of a second bottom is low, and the probability of continuing to break through is high.
In terms of MACD, a golden cross has formed, with bearish volume shifting to a bullish bias.
1-Hour Level: The head and shoulders bottom structure has formed, and based on a 1:1 proportional rise, there is a probability of reaching around 110,000.
ETH
Analysis
From Bitcoin's data, there has been a noticeable decrease in turnover rate today. Although investor sentiment has not been good since yesterday, with the information about the tariffs being illegal and the market generally believing the shutdown should end next week, the risk market has begun to rise, and the rise in U.S. stocks has also driven the price of Bitcoin up.
Ethereum Support: The first aggressive support is around 3,340, the second support is around 3,088, and the bottom support is at 2,888.
Resistance: The first resistance level is 3,568, and the second resistance is around 3,660.
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 may have a certain lag. If you have any questions, feel free to consult.
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