Cryptocurrency News
Hot Topics on October 26;
1. Michael Saylor says Microsoft could use Bitcoin to make the “next trillion dollars”
2. Tether CEO: There is no indication that the US Treasury is investigating stablecoin issuers
3. ZachXBT: The funds returned by the attacker from the US government address do not include funds that have been transferred to the exchange
4. Wintermute now accepts USDe as collateral for cryptocurrency transactions
5. Mantle announced a partnership with stablecoin issuer Agora, and AUSD has been deployed on the Mantle network
Trading experience
Slow bull market and chip absorption! ! ! Slow bull market usually refers to the continuous and stable rise of stock prices or asset prices over a long period of time, rather than large fluctuations in the short term. In the Bitcoin market, this market may be achieved through a continuous shock and wash process, which gradually increases the average cost of holding coins in the market. By gradually collecting chips, institutions can gradually control more market share without causing overreaction in the market. This helps them to obtain greater returns when prices rise in the future. As the participation of institutions in the Bitcoin market increases, they may gradually master pricing power. This means that institutions can influence the price trend of Bitcoin through buying and selling behavior. The pricing power of institutions may come from their financial strength, market analysis capabilities, and extensive trading networks. These factors enable them to play an important role in the market. The United States has gradually collected chips through Bitcoin spot ETFs and other means, which shows that institutional interest in Bitcoin is increasing. As an investment tool, ETF allows investors to hold Bitcoin indirectly by purchasing fund shares, thereby reducing the risk and threshold of directly holding Bitcoin. The active participation of institutions such as BlackRock further proves that institutions are optimistic about the Bitcoin market. By purchasing a large number of Bitcoins, they not only increased their holdings, but also promoted the overall rise of the market. As an emerging digital asset, Bitcoin's market potential may be different from traditional assets such as gold. However, judging from the degree of hype and market attention, Bitcoin does have great potential. Bitcoin has not seen a sharp rise yet, perhaps because institutions do not have enough chips or the market is still waiting for a trigger point to push prices up. Once institutions collect enough chips and market confidence increases, Bitcoin's price may see a sharp rise
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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 try your luck.
The data is real, and each order comes with a screenshot sent at that time.
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BTC
Analysis
Bitcoin gave a buy signal around 65600 yesterday in the group, and the position is currently profitable. The buy around 66260 has reached the take-profit target. The daily line showed a pullback yesterday, dropping from a high of around 68750 to a low of around 65580, closing around 66700. The lower support is near the MA30; a pullback can be used to buy near this level. The upper resistance is near the MA7 moving average; if broken, we can look towards the upper trend line. MACD shows decreasing bullish momentum, forming a death cross. The four-hour lower support is near the MA90; if broken, we can look towards the MA120. A pullback can be used to buy near this level. The upper resistance is near the MA30; MACD shows increasing bearish momentum.
ETH
Analysis
Ethereum gave a buy signal around 2456.7 yesterday in the group, and it has now reached the take-profit target near 2500. The daily line showed a pullback yesterday, dropping from a high of around 2565 to a low of around 2380, closing around 2440. The upper resistance is near the MA60; if broken, we can look towards the MA30. The lower support is near 2400; a pullback can be used to buy near this level. MACD shows increasing bearish momentum, forming a death cross. The four-hour lower support is at 0.786 (around 2430); a pullback can be used to buy near this level. The upper resistance is near the MA360 yearly line; if broken, we can look towards the MA14. MACD shows increasing bearish momentum.
Disclaimer: The above content is personal opinion only and for reference! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some delays. If you have any questions, feel free to consult.
