Cryptocurrency News
December 1st Hot Spots;
1. US President-elect Trump stated that if BRICS countries create a new currency to replace the 'strong dollar', they will face 100% tariffs.
2. SEC sues Touzi Capital and CEO for alleged $115 million fraud case
3. In the past 24 hours, the entire network has liquidated $256 million, with both longs and shorts liquidated.
4. Ed Financial has been approved for a capital market services license in Singapore and plans to expand local operations to virtual assets and other fields.
5. XRP has risen past $1.9, reaching the highest point since April 2021.
Trading Insights
We are back at this stage of the bull market, and people are discussing whether to escape at the peak or hold firm, even adding positions on floating profits. Based on past experiences, I summarize the operations during a bull market into two points: either you set a time for the bull market, and at a certain time, regardless of the price, you escape at the peak; or you set a price, and when it reaches that price, regardless of when, you walk away. This is the easiest operation to execute because there are clear dimensions to judge. For most people, there is no skill for short-term trading, and medium to long-term operations are the most suitable. The judgment of the bull market must be a definite 'yes, or no', so that you can withstand all the washouts and false dips, or avoid the real crisis. You must not be wavering, one moment it’s yes and the next it’s no; yesterday you saw Bitcoin at one million, and tomorrow you see Bitcoin drop to ten thousand. This way, you will definitely fall in countless terrifying washouts. I have been here for almost ten years, and I have seen too much. Tomorrow will be December; December should be a very boring market, and there should be enough time for everyone to think about next year's strategy. If you have thought it through, remember to strictly execute your strategy next year, regardless of whether you are right or wrong, consistency is definitely better than indecision. Next year should be the most uncertain year since the 2020 crisis, as there are too many uncertain factors. If you are easily influenced by information, it is best to first pull yourself out of the chaos, and calmly observe the changes in the world, while I remain unmoved.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from Da Bai Community this week. Congratulations to the friends who followed along; if your trades are not going well, you can come and try the waters.
The data is real, and each order has a screenshot from when it was issued.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
The daily chart for Bitcoin dropped from a high of around 97500 to a low of around 95200 yesterday, closing near 96400. The support level is near the MA14; a pullback can be made to add long positions nearby. The resistance level is near 98000. MACD shows increasing bearish momentum. The four-hour trend is oscillating, with support near the MA30; if it breaks, it can be seen to the MA90. A pullback can be made to add long positions nearby. MACD shows increasing bearish momentum and has formed a death cross.
ETH
Analysis
The daily chart for Ethereum showed a rebound yesterday, from a low of around 3660 to a high of around 3740, closing near 3700. The support level is near the MA7 moving average; if it breaks below, it can be seen to the MA14 level. A pullback can be made to add long positions nearby. MACD shows bullish momentum. The four-hour support is near the MA14; if it breaks, it can be seen to the MA30. A pullback can be made to add long positions nearby. MACD shows a decrease in bullish momentum and has signs of forming a death cross.
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 certain lag; if there is anything you do not understand, feel free to consult.
