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Spot On Chain, a well-known on-chain analysis provider, broke the news that Justin Sun had withdrawn as much as 14,436 ETH from the famous cryptocurrency exchange Binance!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.
The US CPI data released last night was in line with market expectations, which eased market concerns about the end of interest rate cuts in December. Previously, the price fell back and fell below 90,000, but it has now risen above 90,000 again.
The current trend of the big cake is still relatively healthy, with the support level below at 86,000 and the pin support level at 82,000-83,000.
You are trapped in an upward trend, and you are trapped in a downward trend! You can't find anyone on the road to picking up oil, but you are everywhere on the road to losing oil! Many people come to this market, and the reason for stable losses is nothing more than these problems. 1. I don't know how to correctly identify the current direction and trend of the market! You must know that if the direction is wrong, your efforts will be in vain! If the trend is wrong, you will only be trapped! 2. The right time to enter the market! Not only the direction must be chosen correctly, but the timing of entry is also essential! Only the right direction plus the right time is the kingly way! 3. Reasonable cycle and strict position management! 4. Repeat the above steps and persevere! The market has rules, but human nature is very complicated! If you look at the market with subjectivity and obsession, then the outcome is doomed! You must know how to grasp the present according to the objective laws of the market
Can we still go long when the price of BTC is above 90,000?
From a short-term perspective, it is still possible, but be careful not to chase the rise.
The correct operation method is to wait for the price to fall back after each rebound before entering the market to go long, and then stop profit at the next rebound.
You should know that the higher the price, the greater the risk, and the cost of opening a long position above 90,000 is quite high.
At present, the highest point of BTC has only reached around 93,300, and in the 4-hour level adjustment, there is a floating space of about 5,000 points.
Therefore, if the average opening price is above 90,000, it is a high-risk position, and the relatively safe average opening price is temporarily maintained between 88,000 and 85,000.
Only when the BTC price rises to above 96,000 again and there is no sign of turning at the daily level, the opening cost of 90,000 is relatively safe.
It doesn’t mean that you can’t trade at all if the price is too high. There are basically no retail investors who will buy BTC spot of more than 90,000. Only Heyue can trade at this price.
The focus of Heyue trading is not on the high or low price, but on the short-term price fluctuation.
The current BTC price is close to the stage target of 100,000. Every transaction needs to be well defended, and you must always be alert to the situation where the price retreats after the upward spike.
The 100-fold coin is here, are you guys on board? Musk hinted that PNUT will create the next Meme coin myth! Before DOGE reaches $1, Squirrel Coin will take off first! BTC with a 9-digit increase is causing the upper leeks!
Brothers, Bitcoin has reached the 9-digit mark! The rise is like a storm, hurry up and get on board!
At 9:30 last night, the US October CPI data was released as expected, and Bitcoin soared by $6,000 to $93,263! It pulled back just 4 hours later, and the market fell into extreme greed! The explosive growth in recent days has attracted a large number of newcomers to the cryptocurrency circle. The fear and greed index has soared to 88, and the market is showing signs of overheating. Be careful, the 9-digit coin may fall back to below 80,000 at any time. After the crazy rise, maybe it’s time to “smash” the leeks at the top!
Do you still remember the A-share market before the National Day? Will the A-share market replicate the trend of the A-share market and reach a new peak after a deep adjustment?
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