Crypto news
Hot topics on November 2;
1. Bitcoin mining's daily income and gross profits have been continuously declining, while network hash rate reaches a historical high
2. Switzerland's largest bank, UBS, has launched the world's first tokenized fund based on Ethereum
3. The U.S. government seeks to recover $13 million in political donations from former FTX executives
4. Coinbase states that the FDIC has advised banks against providing cryptocurrency services more than 20 times
5. DWF Labs is considering legal action against former partner Eugene Ng over allegations of drugging beverages
Trading insights
1. Be patient during consolidation; do not rush into action. After consolidation, there will be a change in trend. 2. Short-term hot stocks are often speculative; when the heat fades, funds withdraw. Frequently changing positions can mitigate risk. 3. During the acceleration phase, hold steady as the K-line rises slowly. A high opening bullish line with increased volume indicates acceleration; hold the stock and wait for profits. 4. After a significant bullish line, exit decisively regardless of high or low positions to avoid profit retracement. 5. Moving average support levels, key buying and selling points, and support and resistance levels are crucial for trading; if wrong, execute according to the rules. 6. Better to enter less than to rush in; preparation is key. The only constant in the crypto world is change; proceed with caution.
LIFE IS LIKE
A JOURNEY ▲
Below are this week's real trading signals from the Big White community. Congratulations to those who followed along. If your trading isn't going well, you can come to try it out.
The data is authentic, and each trade has the screenshot issued at that time.
Search for the public account: Big White Discusses Coins
BTC
Analysis
Bitcoin gave a buy signal around 69080 yesterday, currently at the second take-profit target near 70800, with a maximum price difference of $1720. The daily chart showed a pullback yesterday, with a high spike to around 71650 and a low drop to around 68800, closing around 69500. Support is near MA14; if it breaks, it can be seen near the trend line. A pullback can buy near that level. Resistance is near the MA7 moving average; if it breaks, it can be seen near 71000. MACD shows decreasing bullish volume, with signs of a death cross forming. The four-hour support is near MA60; if it breaks, it can be seen near MA120. A pullback can buy near that level, with resistance near MA14; if it breaks, it can be seen near MA30. MACD shows decreasing bearish volume.
ETH
Analysis
Ethereum's daily chart showed a pin bar yesterday, with a high spike to around 2590 and a low spike to around 2465, closing around 2510. Resistance is near the MA7 moving average; if it breaks, it can be seen near 2600. Support is near MA60; if it breaks, it can be seen near 2400. A pullback can buy near that level. MACD shows increasing bearish volume. The four-hour support is near MA360; if it breaks, it can be seen near 0.786. A pullback can buy near that level, with resistance near MA200; if it breaks, it can be seen near MA90. MACD shows decreasing bearish volume.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice, nor does it carry legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
