Crypto Circle News

January 29 Hot Topics:

1. Vitalik Buterin: There is a disconnect between advancements in crypto technology and its application, and the governance vision is being forgotten.

2. The White House will meet with the banking and crypto industries to seek resolution on legislative differences regarding crypto.

3. Powell suggests the next Federal Reserve chair should stay away from politics.

4. OpenAI is internally advancing a social network project, exploring biometric verification mechanisms.

5. Tokenized stock projects heavily rely on Alpaca for executing underlying stock trades.

Trading Insights

I. About Waiting (The Waiting)

"Trading is mostly boring. If you find it exciting, you're losing money."

Don't stare at the screen all day. Grabbing the screen will make it glare back at you and consume you. A good hunter spends most of the time waiting. He waits for the wind to change, for the prey to lower its head to drink. Don't fixate on the market. Let the market crash into you like an oblivious drunk. When you have nothing to do, do nothing. Being in cash is also a position.

II. About Stop Loss (The Cut)

"Stop loss is your only friend. Although this friend may sometimes bite you."

Have the courage to admit mistakes. Most people lack courage. Watching losses grow is like watching a wound rot, praying for a miracle. Miracles don't happen. Bad toes do. When you're wrong, cut it off immediately. Don't worry. Don't patch it up. Pay the bill, try to learn a lesson, and then strive for honor. As long as the green mountains remain, there's no fear of running out of firewood.

III. About Leverage (The Leverage)

"Leverage is borrowed courage. It is not yours."

In that crappy contract market, leverage is like low-quality drugs. It makes you feel like you're doing nothing, makes you think you're smarter than the market. But it will give you a splitting headache when you're sober. Bet with what you can afford to lose. If a trade keeps you awake at night, you're betting too big. You can only win when you can sleep.

IV. About News and Noise (The Noise)

"Don't listen to them. They sell newspapers, not truth."

In this circle, some are peddling news, some are analyzing charts, and some are bragging about insider information. Plug your ears. Just look at two things: price and volume. Price is fact. Volume is power. Everything else, like macro analysis or institutional upgrades, is usually a lie or a smokescreen for retreat.

V. About Nature (The Sea)

"The market is like the sea. It is not cruel; it is just indifferent."

Don't be angry at the market. Don't try to take revenge on Bitcoin. It doesn't care about you. It doesn't even know you exist. If you get knocked over by a wave, it's because you didn't see the tide coming, or your boat was too broken. Accept it. Clean your wounds. Set sail again.

VI. Awe of the Unknown (The Respect for the Unknown)

"Only fools believe they can master every candlestick. The wise know that when the wind rises, it is not determined by the weather station, but by the sea."

Sometimes, you buy not because of a MACD golden cross, but because the coffee that morning tasted right, or the wind outside changed direction. Is this called metaphysics? No, this is called animal instinct. In the jungle, the longest-lived are not the strongest, but those most attuned to danger.

VII. About Metaphysical Trading

"There's no need to rush the sunrise. What is meant to come will come. This is metaphysics, and Bitcoin is the same. It has its own timetable."

Don't ridicule metaphysics. Those who try to use it to guess the next minute's rise and fall are just using a holy grail to hold urine. They don't understand the Dao; they are just blinded by greed, and like the previous news, what they say is not the truth.

This is all my insights. There is nothing magical; it is all about discipline and the elegance of facing this cold, harsh reality.

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 well, you can come and test the waters.

The data is real, and each order has a screenshot from when it was sent.

**Search for the public account: *Big White Talks Coins*

Bilibili and YouTube account: Daquan777

BTC

Analysis

Summary of the January Federal Reserve meeting

Overall, the reporters' gossip questions will be more than the current inflation issues, but Powell clearly is unwilling to answer any gossip questions, including whether he will continue to serve as a governor after resigning as Federal Reserve chair. This is the first time I have heard him not answer the first five questions in a Q&A session, even including Nick's question.

In other questions, the main focus was whether we will enter a rate-cutting phase next. In my opinion, Powell was relatively dovish in his responses, with almost no hawkish statements. When a reporter asked if he would consider raising rates if the labor market remains unchanged but inflation continues to rise, Powell's answer was still that it is not currently under discussion. This question comes up almost every time, and Powell's answer is always the same. Although he did not explicitly express the upcoming interest rate adjustment path, Powell did not directly deny that there would be a rate cut next time, but said it would depend on the data, which is a relatively dovish response. He also indicated that if the labor market declines, the Federal Reserve would consider more rate cuts. He believes that the decline in the labor market is closely related to immigration policy.

A pullback to around 87770-87320 can be a buying opportunity, and around 86200 can be a chance to add to positions, with a rebound target looking towards 90900-91800.

ETH

Analysis

In this meeting, I personally felt that Powell was "subtly criticizing" Trump. First, the risk of declining labor data will lead to economic downturns, mainly due to immigration, which everyone knows is one of the most forceful policies since Trump took office, aside from tariffs. Secondly, he believes that without tariffs, the Federal Reserve would have already entered a full rate-cutting phase; it is the tariffs that have led to a new round of inflation. Without tariffs, current inflation would be very close to 2%. Of course, Powell also believes that if tariffs do not continue to have issues, we might see the peak impact of tariffs on inflation by mid-2026, meaning inflation should start to decline.

There isn't much else to say; Powell is still very rational, and his statements are within expected templates. He still maintains the 2% inflation target and determines the next interest rate adjustment based on data, without making any predictions. However, Powell did briefly mention advice regarding the next Federal Reserve chair, which is to avoid elections and politics to maintain the independence of the Federal Reserve.

Overall, this meeting did not have a significant impact on the market.

A pullback to around 2952-2918 can be a buying opportunity, and around 2872 can be a chance to add to positions, with a rebound target looking towards 3025-3090.

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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