Cryptocurrency News
February 7 Hot Topics:
1. Galaxy Digital's board approves a $200 million stock buyback plan.
2. EU officials: Will ban the Russian central bank's digital currency.
3. Multicoin-related addresses transferred 440,000 JITOSOL to market makers FalconX and Galaxy Digital yesterday, valued at approximately $47 million.
4. Vitalik Buterin donates to Shielded Labs to promote the development of Zcash Crosslink consensus upgrade.
5. ENS announces ENSv2 will only be deployed on Ethereum L1, halting the self-developed L2 "Namechain."
Trading Insights
Short Position Trading Insights
Trade what you understand.
Reflect on why a wrong trade was made.
Often, you can understand a confusing market after the next candlestick.
You can also pretend to place an order and then be glad you didn't.
Trade trends in trending markets, and trade consolidations in consolidating markets; sometimes losses occur because a trending market is approached with a consolidation strategy.
Only go long when a bright light and bottom text appear.
Finding advantageous positions on the M5 Bollinger Bands increases win rates. Small stop losses are always better than liquidation.
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 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 Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
Thursday was one of the most painful days in cryptocurrency history, with investor confidence nearly collapsing across the board. Not only is the cryptocurrency sector in distress, but even traditional media is reporting on the significant liquidation in cryptocurrencies. If nothing unexpected happens, $60,000 should be the bottom this time. From both data and ETF perspectives, investor panic has mostly been released, and the sentiment for bottom fishing at the $60,000 price level has significantly increased.
From the data on Bitcoin, the price changes have made the market feel like a roller coaster. Friday's rebound made this weekend a bit easier; otherwise, I was worried that the low liquidity over the weekend would further expand price fluctuations. Currently, after BTC rebounded back to $70,000, market sentiment has eased somewhat. A pullback to around $62,230-$60,000 can be a good opportunity to go long, and a rebound to around $70,700-$71,500 can be a good opportunity to go short, with targets looking towards $68,000-$65,200.
ETH
Analysis
The most important aspect of this decline is that there has been no actual negative data, including from the U.S. stock market. From my personal perspective, the repeated historical lows in cash held by institutions and fund managers should be the main reason. With the release of passive positions and the price decline, bottom fishing should begin again. Currently, the main contradiction in the market remains the monetary policies of Trump and the Federal Reserve. The biggest difference this time is that there has not been a cliff-like change in chip distribution; even earlier loss-making investors have not reacted significantly to this decline. More BTC holders are not very interested in short-term price fluctuations, even when it nearly dropped below $60,000. A pullback to around $1,818-$1,770 can be a good opportunity to go long, with rebound targets looking towards $1,855-$1,900.
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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