Cryptocurrency news
Hot topics on December 2;
1. Cathie Wood supports regulatory adjustments and focuses on the development of the cryptocurrency and innovation sectors.
2. Former CFTC Chairman: SEC may abandon the lawsuit against Ripple.
3. Throughout November, the cryptocurrency market's market capitalization increased by more than $1 trillion.
4. Slow Mist Cosine: DEXX loss statistics are non-blocking, and many tasks are conducted in parallel in principle.
5. NFT sales in November surpassed $562 million, hitting a six-month high, and the entire #NFT sector has shown a positive spiral, with both tokens rising.
Trading Insights
Must-know for bull markets! 1. In a bull market, the hotter the coin, the faster and more severely it falls. 2. Truly promising coins, hundredfold coins, will not be promoted or advertised in the market; instead, only a very small number of people will occasionally mention them in the early stages (when traffic is low). 3. Market capitalization, number of exchanges listed, number of holders, and investment institutions are not reliable references for choosing coins. 4. The market is always a smoothly changing curve. 5. There will always be people who manipulate the market. 6. The methods used by altcoin pumpers are consistent, with a longer pumping time. 7. New coins that spike and then crash are to be avoided. 8. Similarly, there will always be those who chase after rising prices. 9. Buying leads to a drop, selling leads to a rise; it's like social rules and systems, which you cannot change. 10. If buying does not drop but instead rises, and after making a profit of 5%-20%, suddenly starts to fall back, it indicates that this coin is about to start harvesting retail investors.
LIFE IS LIKE
A JOURNEY ▲
Below are the live trading group orders of the Big White Community for this week. Congratulations to the coin friends who followed along. If your operations are not smooth, you can come and test the waters.
The data is real, and every order has a screenshot sent at that time.
Search public account: Big White Discusses Currency
BTC
Analysis
The daily line of Bitcoin rose from a maximum of around 95700 to a maximum of around 98400 yesterday, closing around 97200. The pressure above is near 97600, and if it breaks through, it can look to around 98900. The support below is near the MA7 moving average, and a pullback can be made to buy in the vicinity. The MACD bearish volume is increasing. The four-hour trend is volatile, with support below near the MA90, and if it breaks down, it can look to the MA120 area. A pullback can be made to buy in the vicinity. The MACD is stabilizing, with the dual lines converging.
ETH
Analysis
The Ethereum daily line formed a doji yesterday, with a maximum upward spike to around 3750 and a minimum drop to around 3660, closing around 3710. The support below is near the MA7 moving average, and a pullback can be made to buy in the vicinity. The pressure above is near 3740. The MACD bullish volume is shrinking, indicating a potential death cross. The four-hour support below is near the MA30, and if it breaks down, it can look to the MA60 area. A pullback can be made to buy in the vicinity. The MACD bearish volume is increasing, forming a death cross.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If there is anything you do not understand, please feel free to consult.
