Bitcoin (BTC) The recent trend of Bitcoin has excited and anxious many people. Currently, we need to pay attention to the key price level around $98,000. If Bitcoin can effectively break through and stabilize at this level, there may be opportunities for further upward movement. However, considering the relatively low liquidity in the market, especially with smaller trading volumes over the weekends, the difficulty of breaking through remains high. If the breakout fails, the market is likely to enter a consolidation phase, potentially dipping to lower support levels—around $94,000. At present, Bitcoin's trend is still in a relatively sensitive range, and whether it can break through $98,000 will determine the market sentiment in the coming period. Overall, although the probability of a breakout is not high, if it occurs, the market reaction will be very strong. Ethereum (ETH) Compared to Bitcoin, Ethereum has experienced a significantly larger decline in this round, especially during the cleanup process in the contract market, where many speculative funds have been eliminated, and the overall market sentiment has gradually calmed. Currently, we need to pay attention to the price point near $3,600. If Ethereum can break through this price, the subsequent rise will be smoother. In fact, with the cleanup in the contract market and the recovery of market sentiment, the cost-effectiveness of ETH's next rise may be higher. From a technical perspective, Ethereum's adjustment has created conditions for subsequent upward movement. In the current market environment, ETH may become a focus for some investors, especially after breaking through $3,600, which may usher in stronger buying pressure, driving the price further up. Solana (SOL) As for Solana, its recent performance has been relatively stable. Although it has smaller volatility compared to BTC and ETH, this is also an advantage of SOL. Yesterday, we captured a rebound in the market, and the overall operation was quite standard. Currently, we are focusing on the support level near $200. Although SOL does not have the strong volatility of BTC and ETH, it has certain advantages in stability, especially in a fluctuating market where projects like SOL that demonstrate relatively stable performance often attract more capital inflows. The $200 support level is crucial, and if it can hold this point, SOL is still expected to maintain an upward trend.
If you really don't know how to cut losses, you can follow my judgment method. One is the trend; then there are the support and resistance levels. Next is to set the best time to cut losses, which is at the moment you enter the market. There are countless people who get liquidated in this wave, making it too late to cut losses. Those who are overly invested can't bear to sell at a loss, getting caught in a dilemma.
Contracts are the most anti-human. You won’t think about taking profits when you are making money, but you will stop losses when you can’t bear the losses. So before playing, think clearly whether you can withdraw ruthlessly.
The first round of decline has come to an end temporarily. The market has entered an oversold state in the short term. It is not easy to fall in the short term, and it will not accelerate downward. While the shorts are happy, as the winning party, we will have team building, and the dealer will also celebrate. The market decline will slow down, allowing the bulls to recover.
After the early morning drop, has the market fallen enough? BTC’s adjustment is not enough in terms of space, ETH’s adjustment is lacking in terms of time, and the altcoins that adjusted first have fallen almost enough in terms of points when measured by the golden ratio.
Seeing that the Trump World Liberty team has lost 2.1 million dollars on their $ETH investments, everyone might feel a little better about it.
ETH is currently the largest holding asset in the World Liberty address, with a total of 15,597 coins worth 53.46 million dollars; among them, 8,827 coins of ETH were actively purchased (approximately 32.47 million dollars), at a cost of $3,678, currently showing a loss of 2.098 million dollars.
The true essence of trading is actually a profound game with one's own human nature. For most people, trading often means staring at computer screens, relying on technical analysis, charts, and various strategies to make decisions, as if engaged in a life-and-death struggle with the market. But few realize that the core of trading is not the external market fluctuations but the internal struggles deep within. You are not competing with the market; you are struggling with your own desires, fears, greed, and blind impulses. The market itself does not have emotions; it is cold and objective, and it does not change because of your happiness or frustration. What truly determines your trading success or failure is your psychological quality. You need to overcome your inner greed, not let momentary desires blind your rationality; you must overcome fear and avoid making impulsive decisions due to losses; you also need to suppress the mentality of seeking quick gains and avoid selling too early when in profit, missing out on greater opportunities.
Trump: "We will do some great things with cryptocurrency. Powell is unreliable, looking forward to Boss Trump taking office, which can bring BTC to another level."
Trump and his family's involvement in the cryptocurrency industry has evolved from early NFT releases to the current World Liberty Financial (WLFI) project, which focuses on a decentralized finance (DeFi) platform offering innovative financial solutions. The WLFI project not only reflects its layout of crypto assets in the purchase of tokens like ETH, AAVE, and LINK but also represents Trump's core direction in promoting the development of cryptocurrency. To some extent, this project could lead to new ideas for the U.S. government's regulation of cryptocurrencies, especially with the passage of the '21st Century Financial Innovation and Technology Act,' which could provide legitimacy and transparency for decentralized and functional tokens in the cryptocurrency industry.
Several cabinet members nominated by Trump, including David Sacks and Robert F. Kennedy Jr., are staunch supporters of cryptocurrency. In particular, David Sacks not only holds a significant amount of Bitcoin and Solana but has also invested in multiple crypto projects through his venture capital firm. Robert F. Kennedy Jr. also purchased Bitcoin during his campaign, explicitly expressing support for cryptocurrency and even proposing policies that would back the U.S. dollar with hard assets like Bitcoin. The inclusion of these crypto-friendly figures not only promotes the implementation of U.S. government policies regarding cryptocurrency but also further accelerates the rapid growth of the crypto industry.
[Jinshi Data Compilation: Highlights of the Federal Reserve FOMC Statement and Powell’s Press Conference]
Bitcoin has become a consensus after being suppressed by various countries. Trump still supports virtual currency when he took office. This decline was caused by Powell's temporary mood, which is not a big trend.
[Jinshi Data Compilation: Highlights of the Federal Reserve FOMC Statement and Powell’s Press Conference] FOMC statement: 1. Statement Overview: The wording remained largely unchanged, with a vote of 11-1 to approve a 25 basis point rate cut, with Hammark supporting a pause in rate cuts. ON-RRP was lowered by 30 basis points. 2. Interest rate outlook: The “magnitude and timing” of further rate cuts will be considered. The median of the dot plot was raised, indicating that interest rates will be cut twice each in the next two years, but some officials have serious differences.
Why do some people advise against engaging in futures trading when entering the crypto space?
In the cryptocurrency space, engaging in futures (especially leveraged trading) is a very high-risk investment method. Futures trading allows investors to amplify their trade scales with minimal initial funds, but this amplifying effect also means that risks are magnified. Without effective risk management, investors may suffer significant losses, even completely losing their initial investment. Today, I want to share some valuable insights and trading philosophies, hoping to teach you how to fish, allowing novice traders in the crypto space to truly avoid detours and achieve financial freedom as soon as possible. 1. Understand the basic principles of futures trading
Bitcoin just won't drop, and altcoins just won't rise. Are we really experiencing a fake bull market?
Current landscape of the crypto market: Bitcoin dominance and the dilemma of altcoins In the current cryptocurrency market, the funding for Bitcoin mainly relies on the injection of traditional large capital. When this capital enters the market, it usually drives the price of Bitcoin up and boosts the overall market sentiment. However, the situation for altcoins in the market is different; issues of oversupply and liquidity, along with excessive speculation on certain coins, have led to a weakening performance in the market. Recently, we have also seen many new coins listed on major exchanges experiencing significant pullbacks immediately upon listing, with almost no profit-making effect, indicating that the market's liquidity is gradually drying up.
The ten truths you must understand to make money in the crypto market!
Let me reveal the ten truths of the crypto market to you. People often say: 'A day in the crypto market is like ten years in the real world. A decade of working may end up in vain, while a year in crypto can make you a millionaire!' But is that really the case? Indeed, the opportunities for getting rich quickly in the crypto market are more prevalent than in traditional industries, but the hidden risks are equally enormous! Many people follow the trend blindly, thinking they can get rich overnight simply because they see their friends making money. However, the low entry barriers lead more people to harbor the illusion of 'getting rich overnight,' while neglecting the importance of risk and awareness. As a seasoned player who has been fighting in the crypto market for many years, I have summarized (the ten truths of the crypto market) in hopes of helping everyone understand reality, avoid detours, and participate rationally.
The Potential Impact of the Federal Reserve's Interest Rate Cut on the Cryptocurrency Space
Firstly, the backdrop of the interest rate cut is that the Federal Reserve usually lowers borrowing costs to stimulate the economy, which means lower interest rates, making bank loans cheaper and increasing market liquidity. For traditional markets, this may lead to a rise in the stock market and a decrease in bond yields. But what does this mean for the cryptocurrency space? 1. Increased liquidity, which may benefit the cryptocurrency space An interest rate cut means more money in the market. The returns on bank deposits have decreased, so many funds will seek places to 'speculate' for higher returns. The attractiveness of traditional assets (like bonds and deposits) declines, and many people may shift their money to markets that are riskier but potentially offer higher returns, such as cryptocurrencies. Particularly, assets like Bitcoin, which are seen as 'digital gold,' often benefit in such macro environments.
A practical guide to making a small amount of money into a million in the cryptocurrency circle
Hello everyone, I am a professional speculator who has been working in the cryptocurrency circle for many years. Since I entered this world of cryptocurrency full of temptations and challenges in 2020, my initial capital was less than 10,000 yuan. But by virtue of my experience in altcoin investment and contract trading, and after countless market storms, I have achieved a cumulative profit of more than 10,000 times, and have established a firm foothold in the cryptocurrency spot and contract markets. In 2022 alone, I have earned more than 20 million yuan in the market. Although I entered the market in 2020, I really made a lot of money and started my professional cryptocurrency trading career in 2021. In the past four years, I have grown and transformed from an ignorant little leek, and because of this, I am well aware of the confusion and confusion of novices in this market. Today, I am not here to show off my achievements, nor to write about my personal legendary experience, but to record my trading journey truthfully and share the trading philosophy I uphold with everyone, hoping to light a beacon for novice friends in the currency circle, help everyone avoid detours, and embark on the road to financial freedom as soon as possible.