Cryptocurrency News
November 19 Hot Topics;
1. The spot Bitcoin ETF options may start trading as early as tomorrow.
2. Pump.fun deposited 105,000 SOL to Kraken, maintaining stable withdrawals.
3. Bitcoin mining difficulty increased by 0.63% this morning to 102.29 T, setting a new historical high.
4. MicroStrategy plans to issue $1.75 billion in convertible notes, intended for increasing Bitcoin holdings.
5. Wall Street giants are increasing their holdings in MicroStrategy, as MSTR's performance surpasses that of Bitcoin.
Trading Insights
Five Iron Rules for Trading in a Bull Market, remember them! Fast rises and slow falls indicate accumulation. If the price of a coin is soaring up but falls slowly, it is likely that the market makers are quietly stocking up for another push. Quick drops and slow rises signal selling. If the price is plummeting down but rises like a snail, it may indicate that market makers are quietly selling, and the market is turning bearish quickly. High volume at the top, don't rush to sell; low volume, run without hesitation. If the trading volume is still rising at a high level, don’t rush, there may still be opportunities; but if the trading volume shrinks to a line, quickly withdraw, the rise can’t continue. High volume at the bottom, don’t act immediately; wait for sustained volume before taking action. If the trading volume suddenly expands at the bottom, don’t rush to buy, as it may just be a pause in a downtrend; but if the trading volume rises steadily, then it’s worth considering entering the market. Trading coins is all about human sentiment; trading volume reflects everyone's attitude. The price of coins fluctuates, relying entirely on market emotions; trading volume represents a consensus among everyone, follow it closely for confidence. The test of a bull market is not just the rise and fall of prices, but also a test of our mentality.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trading group orders from the Big White community this week. Congratulations to those who followed along. If your operations are not smooth, you can come and try it out.
The data is real, and every order has the corresponding screenshots sent at that time.
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BTC
Analysis
The Bitcoin daily chart rose from a low of around 89400 to a high of around 92660 yesterday, closing around 90500. The upper resistance is around 92000; if it breaks through, we can look towards new highs. The lower support is near the MA7 moving average. A pullback can be used to buy near this level. The MACD bullish volume is decreasing. The four-hour trend is oscillating, with lower support near the MA30. A pullback can be used to buy near this level. The MACD bearish volume is decreasing, indicating signs of a golden cross.
ETH
Analysis
The Ethereum daily chart showed a rebound yesterday, bouncing from a low of around 3050 to a high of around 3225, closing around 3210. The upper resistance is around 3250, and the lower support is near the MA200. If it breaks below, we can look towards the MA360 yearly line. A pullback can be used to buy near this level. The MACD bullish volume is decreasing, indicating signs of a death cross. The four-hour lower support is near the MA90. If it breaks below, we can look towards the MA120. A pullback can be used to buy near this level. The upper resistance is around 3300. The MACD is stabilizing. Short-term buying can be considered near 2960-2880, with rebound targets looking towards 3100-3230.
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 has a certain lag. If you have any questions, feel free to consult.
