The 12.9 Bitcoin range has a large amplitude, with continuous positive news for Ethereum. BlackRock has officially submitted an application for a staking version of the Ethereum ETF.

CN
1 day ago

Cryptocurrency News

December 9 Highlights:

1. Crypto teams including Zcash and StarkWare will participate in the SEC's financial monitoring and privacy roundtable.

2. Ripple executive: XRP needs to learn from Solana's execution speed and strategy to maintain a competitive edge in L1.

3. Strategy CEO Phong Le stated that the company will continue to hold Bitcoin until at least 2065, adhering to its long-term accumulation strategy.

4. Robinhood launches Ethereum and Solana staking services, continuing to expand its cryptocurrency business.

5. CFTC launches a digital asset collateral pilot, allowing BTC, ETH, and USDC to be used as collateral in the derivatives market.

Trading Insights

After years in the cryptocurrency space, I've summarized a few trading insights to share with everyone, helping your trading journey avoid pitfalls and achieve stable profits!

  1. Don't hesitate on stop-loss and take-profit. We trade cryptocurrencies to make money, not to be "long-term shareholders." When in profit, we often think about making more, and when in loss, we hesitate to sell. This mindset will lead to losses! If the market turns against you, don’t hesitate, sell quickly.

  2. Don’t stubbornly chase “highs and lows.” There are no absolute lows and highs in the market, only lower and higher. As ordinary people, we can’t accurately pinpoint them, so it’s unnecessary to waste effort. Just buy in the "bottom area" and sell in the "top area."

  3. Be cautious of mismatched volume and price. If you encounter a price increase without trading volume, or a new high with no volume, be very careful! This could signal that the main force is unable to sell off, indicating a potential market reversal. Don’t chase; it’s better to miss out than to buy incorrectly.

  4. React quickly to news. When new information comes out, first clarify which sectors and coins it benefits. If you miss the first wave, quickly focus on the second tier; you can still make a good profit.

  5. Learn to rest to earn. There’s an old saying: "Three months to see the bottom, three days to see the top." The real surge in coin prices happens in a short time. Seize this opportunity and don’t fidget during other times; just relax.

  6. A sharp drop is a good opportunity. The biggest benefit in the market is a sharp drop; after it, there are plenty of opportunities. Remember, "When others are greedy, be fearful; when others are fearful, be greedy." Don’t panic during a drop; quickly build positions in quality coins.

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 Coins*

Bilibili and YouTube account: Daquan777

BTC

Analysis

Now that the CFTC allows digital assets to enter the pilot phase, it means that in the future, spot assets can be used as collateral for derivatives, enhancing the financial attributes of spot assets and increasing traders' tolerance for holding spot positions.

Bitcoin's weekly chart is still in a horizontal rectangular consolidation, with key resistance at the descending trend line (around 92,500-93,000) and key support at the lower Bollinger Band at 88,000. The daily chart is operating within a triangular consolidation range, breaking above the triangle's upper edge (Bollinger upper band), with target zones at 96,000-100,000 (including FVG gap + Fibonacci 0.5-0.618). If it breaks below the triangle's lower edge (Bollinger middle band), it will continue to oscillate within the range, waiting for the next directional choice. The daily indicators MACD and RSI show a golden cross, indicating continued upward movement; for short-term levels, focus on the 4-hour chart, looking for short-term opportunities.

In the short term, on the 4-hour level, the overall direction is in a fluctuating upward channel, but the recent trend has formed a downward channel. If the upper boundary of the downward channel near 92,000 (also the middle line of the upward channel) breaks, it is expected to form a bullish flag pattern, with a target near 97,000 (also the upper boundary pressure zone of the upward channel).

If there is a pullback, pay attention to the support near the lower boundary of the upward channel at 86,500, which must not break down effectively; a break could lead to a larger downward flag pattern.

SUI Grayscale submitted SUI ETF (positive expectations), breaking through the downward channel on the weekly chart with three consecutive bullish candles. Key resistance is at 2 dollars (M top neckline + FVG gap). After the daily W bottom breakout, it successfully retested, leaning towards a fluctuating upward trend; on the 4-hour structure, it is still in the rebound phase of the downward channel, focusing on breaking through the 1.63 resistance, which may lead to a bullish flag pattern.

ETH

Analysis

The CFTC's actions today essentially confirm one thing: Tokenized assets (including native cryptocurrencies and on-chain dollar assets) have the potential to become "compliant collateral" and can be integrated into the core financial infrastructure of the United States.

This implies three structural changes:

First, regulation is shifting from "observation" to "testing." The CFTC's proactive leadership in piloting indicates that regulators are ready to treat these assets as part of the future financial system.

Second, tokenized U.S. Treasury bonds, USDC, and compliant crypto assets will have opportunities to become collateral assets in traditional capital markets.

Third, the status of BTC and ETH is further institutionalized. The CFTC has clarified their commodity attributes in the pilot document and allowed testing on the collateral side, which acknowledges their status as "liquid, regulated, and risk-manageable financial assets" from another perspective.

The significance of this pilot lies in promoting banks, custodians, clearinghouses, and market makers to establish a new liquidity mechanism. In the past, while traders could trade BTC and ETH, these spot assets could not enter the CME's collateral system, leading to low capital efficiency.

Ethereum can be bought on a pullback near 3085-3072, with a rebound target around 3140.

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 some lag; if you have any questions, feel free to consult.

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