Ethereum news! Sun Yuchen's massive ETH withdrawal, is it a blessing or a curse? What kind of changes does the market volatility indicate?
Renowned entrepreneur and Tron founder Justin Sun has once again made headlines with a bang! This time, he made a groundbreaking move in the Ethereum (ETH) space.
Spot On Chain, a well-known on-chain analysis provider, broke the news that Justin Sun had withdrawn as much as 14,436 ETH from the famous cryptocurrency exchange Binance! This astonishing move instantly triggered a wave of curiosity and speculation in the cryptocurrency world. It was like dropping a giant bomb into a calm lake, causing a thousand waves and plunging the entire cryptocurrency field into a state of boiling and agitation. Everyone was waiting to see the truth behind this mysterious move and the huge impact it would bring.
Ethereum ETF is approved: These altcoins are expected to soar 100 times!
Ethereum ETF is coming: Altcoins are expected to surge 100%! Bitcoin once broke through $61,500, and low-cap cryptocurrencies showed great potential. These altcoins closely follow the Ethereum blockchain and are expected to see amazing gains next week after the Ethereum ETF is approved. Global market experts suggest that now is a great time to analyze price charts and find the best time to buy. Even Tron founder Justin Sun invested $1.1 billion in Ethereum, aiming to meet the upcoming astronomical rise.
It took only 5 days for the price of ETH to rise from 2350 to 3200. Such a strong rise is really eye-catching.
Here, we would like to remind you to pay attention to the price range of 3350 to 3400. Once ETH completes a short consolidation in this range, according to its current situation, it is estimated that it will continue to rise.
Why do you say that? You know, our ETH is far from being overvalued at present, and its subsequent rising potential is still very considerable. However, don't be too anxious. The real highlight of ETH, the exciting climax stage, is actually at the beginning of next year's Prague upgrade!
By then, it is not an exaggeration to use the word "surge" to describe its market trend. It is no exaggeration to say that it is very likely that the price of ETH will rise to 8000+.
Friends who want to make profits from ETH must hold on firmly. After all, the outstanding performance shown by ETH in the previous rounds of bull markets is real and not just boasted about.
Observing the bitcoin price during the day, the 4h line shows an upward trend📈, and the support level below is 85000-86000. You can enter in batches. Those who want to enter can enter with a small position first, and exit when the position breaks. You must learn to stop loss in time! The target is 88000!
The core of stable short-term and pleasant trading lies in taking profits and covering positions in batches.
Sometimes you look at the market very strong, and it seems that it is still very strong near the pressure point, and it seems that it will continue to attack the next high point, and it seems that it cannot step back to the ideal point for covering positions, but it may step back after a while. Generally, after pulling up, it will be horizontal first, with slight fluctuations up and down, and then choose a small level of 15 or 30 minutes to step back. This is the roundabout strategy of the banker.
If it is pulled up quickly and then smashed quickly, it is a pig-killing plate. What you have to do is to set the point in advance. If it really can't reach it, it's still in time to cover positions at the actual price. In every 24 hours, there is an upper limit threshold for the rise, and it will not rise endlessly. This determines that it must have a certain amount of retracement space within a single day, which can be large or small, depending on the market stage.
In tactics, one is called "don't chase the poor enemy", and there must be a profit-taking action near the resistance point; the other is to lure the enemy hard to catch, if you want to chase a higher point, you must wait for a proper retracement before attacking again
In this round of bull market, Musk has been mentioning $DOGE, which has been rising and outperforming the market! This not only activated the entire market sentiment, but also made people full of expectations for other memecoins.
For Floki, this is undoubtedly a great positive signal - history has proved that the trend of DOGE often drives other similar assets to rise.
Pay attention to Floki's market and look forward to breaking new highs
💥 Why do most people still lose money in a bull market? These 3 reasons cannot be ignored! 💥
Even in the bull market, many investors are still in a state of loss. There are three key reasons behind this that are worth pondering! 👀
1️⃣ Wrong currency selection In a bull market, although altcoins also have opportunities, only a few can really rise sharply. Many people lack an in-depth understanding of the industry and choose the wrong currency. Even if they sometimes "pick up" some coins with large increases, they can usually only invest in small positions, and most of the funds are still trapped in losing projects. 🚫
2️⃣ Wrong timing of buying Even if you choose the right currency, if you buy at the wrong time, it will be half dead! Many people are optimistic about the good growth of a currency, but ignore the technical analysis. As a result, they chase the rise at a high level and miss the best entry time. The market is very volatile, and it is better to buy accurately than to buy early. ⚠️
3️⃣ Know how to buy but not sell Some investors are lucky and buy coins that have risen well, but they miss out on profits because they don’t know how to sell. Some may run away after making a little profit, while others hold on to the coins to the top for fear of missing out on bigger opportunities, and as a result, most of the profits are not realized. Seizing opportunities is the key to success, and selling at the right time is the embodiment of a master! 💡
🔑 Summary: The bull market is not a sure win, choosing the right currency, finding the right time, and learning how to sell are the keys to achieving profits! The bull market is just an opportunity, and the real winners are those who can seize the opportunity and operate accurately. 🏆
The recent market performance is like a runaway horse, so fast that many investors may be caught off guard and fail to seize the initial stage of the market in time.
However, there is no need to worry too much. The bull market is not just a one-sided rise, and the market will naturally have a pullback. When the pullback comes, do not hesitate, seize the opportunity decisively and enter the market bravely.
In the wave of the bull market, the most critical strategy is to select the currency and hold it until the expected goal is reached.
250,000 people have their positions liquidated. If you dare to do it, we will liquidate you! Can’t afford to lose in the BTC pullback? Musk helps Pnut reach 10 billion. Can DOGE reach 1 dollar?
The market is completely bullish! Bitcoin has broken its all-time high, surpassing silver and becoming the 8th largest cryptocurrency in the world! But overnight, BTC plummeted by thousands of points, breaking through 88k, 87k, and 86k! The market is overheated and the volatility is amazing. It is hard not to be excited!
In the past 24 hours, the entire network was shocked! More than 250,000 people suffered liquidation, with a total loss of up to 880 million US dollars! Among them, the loss of long orders exceeded 556 million, and the loss of short orders was 282 million. Investors who blindly make contracts are destined to sink in the ruthless torture of the market! Long positions are blown up, short positions are blown up, the market is so cruel: if you dare to place an order, it will make you lose all your money!
Since November 5, Bitcoin has started to rise sharply.
It has been rising continuously in the past week, breaking through the previous high and several important barriers, and yesterday it hit a new high of 80,000 US dollars.
Today, its price is stable at 88,000, with no signs of correction, and it is expected to continue to rise. The next goal is to break through 90,000 US dollars.
Many friends asked if they can enter the market now. In this regard, I would like to say that I have shared the principles of investing in Bitcoin many times before, such as buying without thinking below the 200-day moving average, and preferring to be trapped rather than short positions. In the past few years, I have shouted all the way to 80,000 and called on everyone to pay attention, but many people just wait and see without taking action. Many people dare not enter the market when it falls. For example, when Bitcoin fell to 15,000, they wanted to get on the train when it rose to 80,000. This reflects the greed and fear of human nature.
If you really want to get on the train now and have faith in Bitcoin, I suggest you do a self-assessment first.
Do you like this bull market? Since the election, the market has risen from 67,000 to around 90,000 now, which has exceeded my expectations. I got on the bus at 67,000, got off the bus halfway and got back on. I cleared all my positions last night, and the rest is for my brothers to eat. I only do things within my own cognition. Although the bull market is coming, the biggest losses are also in the bull market.
At present, there is no attenuation of the four-hour bull market. Just follow the bull market sentiment. There are many trends at this stage. Don't go against the trend and add fuel to the bull market for no reason. Last night's market broke 83,000, 84,000, 85,000, 86,000, 87,000, and 88,000 in succession. This morning, it broke 89,000 directly and reached 90,000. Keep going long in your mindset and avoid going short against the trend.
The reasons why most people lose money are nothing more than the following: 1. Want to turn things around with a coin and place a heavy bet 2. Do not do research and just wait for others to feed you. After feeding you, it is too late and you lose money in the end 3. Believe too much in a coin and do not double the investment, and drill it to zero 4. After selling, it is bullish and then chases it back, and loses money in the end 5. There is no clear buying and selling plan or it is not strictly implemented
90% of people who play local dogs make the above mistakes and lose money. How many of them have you encountered
We must admit: 1. I can't catch most opportunities 2. I can make a lot of money by catching a few big opportunities 3. If I catch all opportunities, I will definitely lose money 4. I have limited energy and cannot catch all opportunities 5. If I don't study this opportunity, I have no reason to make money from this opportunity
How to describe today's market and subsequent evolution? 1. Today, doge undoubtedly led the rise of a group of old and middle-class ecosystems, such as shib, bonk, and pepe. 2. The secondary and new ecosystems are full of heat, the increase is not inferior, and the trading volume also exceeds the middle ecosystem. 3. It cannot be recognized that the ai agent ecosystem is established. Considering that ban and luce also have good performances, not inferior to ai meme, it is characterized as the climax season of the leading meme in each sub-track of sol. 4. The market has only one track, which is the meme track. AI started today, perhaps from Nvidia's financial report. 5. Track/application theory, completely defeated in this round. Only those who can play meme in this round are the big winners.
Subsequent development 1. When the trend is developing, what can be done is to embrace the trend, rather than guess the market value. The total market value of meme is 123 billion, which is the market value of 2 doge. It seems not expensive. 2. If you don't hold enough meme, don't worry, there are other things later. 3. If you really don't make money, embrace life.
Yay: Bitcoin is over $88,888. I will continue to buy more Bitcoin until it is over $100,000. Then I will stop. Now is not the time to be greedy. Always remember…when the pigs get fat…they get slaughtered.
The current cryptocurrency market focuses on Bitcoin (BTC) and Dogecoin (DOGE). Bitcoin prices continue to rise, mainly due to the crazy buying of central banks and institutional investors. This buying enthusiasm has driven up Bitcoin prices, which in turn attracted more institutional participation, forming a virtuous circle.
On the other hand, Musk's support has driven the hype of Dogecoin. In addition to the entry of institutional funds, a large number of retail investors have also joined the buying craze. At the same time, the market also has expectations that Dogecoin may be connected to new application scenarios in the future, which will further push its price higher. It is expected that Dogecoin will be able to hit the $1 mark.
In general, Bitcoin and Dogecoin have become the focus of the current cryptocurrency market. The former is favored by institutional funds and its price has risen; the latter has shown a strong upward trend thanks to market enthusiasm and application expectations. Industry insiders believe that these two major cryptocurrencies still have room for further growth in the future.
"The bigger the storm, the more expensive the fish", how to catch them all in one net? Bitcoin surged and caused warehouse explosion! The biggest dark horse DOGE surged by more than 20%! Don't ask if it is a "bull market", it is obviously a "dog market"!
This is so shocking! Is something big going to happen?! The cryptocurrency market is in a state of liquidation again, with the amount of liquidation exceeding 7 small targets in 24 hours! Short positions are once again being slaughtered! Bitcoin and Ethereum challenge the limits of the air force again and again! Just this morning at 7:14, Bitcoin broke through $89,475 to set a new high, while Ethereum was temporarily adjusted around $3,300 due to the selling of some profit-taking and locked-in shares, and the market continued to fluctuate!
Just like Brother Sun and other big guys and whales quietly started to sell, causing the second one to encounter huge resistance for a short time, but once it is digested, it will still restart the rhythm of strong rise!
Only by overcoming more than 90% of irrational psychological fluctuations can you become the winning 10%——
Most investors experience the following:
When they make money, they are often eager to stop profit and are afraid of losing the existing profits.
When they lose money, they usually feel unwilling, so they are more willing to take greater risks to try to recover losses.
Our emotional reaction to losses is stronger than the joy of gains, which is why the pain of losing money is far greater than the pleasure of making money.
These common investment psychology are often the root cause of investment failures-we cannot correctly face the gains and losses in investment.
In trading, most people often make the mistake of not wanting to admit mistakes when they lose money and leaving the market too quickly when they make money. This behavior is completely opposite to the core concept of trading-holding correct and correcting in time. We need to correctly understand the risks and rewards of investment. Only by overcoming personal weaknesses can we win in the market.
Making a good plan, persevering, and firmly executing can help you overcome more than 90% of irrational psychological fluctuations.
So, please ask yourself three questions:
Are you currently in a state of profit or loss? How do you feel inside? Can you formulate a better strategy to deal with it?
ETF remains strong, with an inflow of 80 million US dollars yesterday; the positive news of ETH ETF has not yet been realized; the current trend is volatile.
Risks that need to be paid attention to at present:
1. Mentougou is expected to distribute about 140,000 BTC and BCH within 5-12 days, and there will be a large number of transfers during this period.
2. The sharp correction of US technology stocks may affect the market.
3. The positive news of Ethereum ETF on the 23rd is realized and becomes a bearish selling pressure
Bitcoin (BTC) hits $57,000! The Fed’s interest rate decision is key, and the market is waiting with bated breath for the wind to change! Who will be the next winner?
Bitcoin is currently hovering at $56,469 and struggling to break through the critical resistance level of $57,194. With the emergence of a downtrend line and a shooting star pattern, the bulls seem to be fading and the market sentiment may turn bearish.
If Bitcoin fails to gain a foothold above $57,194, the price could decline to the support levels of $55,309 or $53,636. However, once the resistance is broken, a new uptrend may begin with targets directly targeting $58,491 and $59,817. Traders should keep a close eye on the price changes at these key points and keep abreast of the market direction.
The decisive battle between Trump and Harris: Who will control the future trend of Bitcoin?
As the US election is in full swing, market volatility has intensified. Last Friday, the S&P index plummeted, and the stock market recorded its biggest drop in a year and a half for the whole week! This is not only due to the weak non-farm payroll data, but also the uncertainty brought about by the general election has put tremendous pressure on investors, and market sentiment has suddenly become tense.
This Wednesday at 9 a.m., Trump and Harris will have their much-anticipated second debate in Philadelphia. This will be Harris' first head-to-head confrontation since she became the Democratic candidate, and it is bound to be a contest full of gunpowder!