Cryptocurrency News

May 31 Hot Topics:

1. SharpLink Gaming submits a $1 billion S-3 ASR registration, intending to use the raised funds to increase its ETH holdings.

2. Trump plans to raise steel tariffs to 50%, providing political support for US Steel and Nippon Steel transactions.

3. BitMEX intercepts a Lazarus attack, exposing its fragmented structure and security vulnerabilities.

4. Trump Media completes private financing, with $2.32 billion to be used for purchasing Bitcoin.

5. A US judge rejects the defense's request, denying an order for the DOJ to re-examine evidence in the Roman Storm case.

Trading Insights

After years in the cryptocurrency space, I have summarized 8 trading techniques that combine "volume," which will definitely help you!

1. Bottom Volume Decrease Without Drop — Signal of Main Force Accumulation
   ① Principle: In the bottom area, volume decreases while price remains stable, selling pressure is weak, and chips are strongly locked, indicating that the main force is quietly accumulating.
   ② Application: Pay attention and do not rush to enter; wait for a volume increase before intervening.

2. High Volume Without Price Increase — Main Force Selling Alert
   ① Principle: At high levels, volume increases while price stagnates, with a large amount of chips being sold off, indicating that the main force is selling at high volume.
   ② Application: Holders should be cautious and consider reducing positions or exiting.

3. Volume Increase with Price Rise — Password for Continuation of Uptrend
   ① Principle: When prices rise, volume increases, indicating new funds are flowing in, and the bulls are strong, providing upward momentum for the stock price.
   ② Application: Operate in the direction of the trend; if the volume during a pullback does not decrease, consider adding to positions or holding.

4. Volume Decrease with Price Drop — Bottom Building in Progress
   ① Principle: During a price drop, volume decreases, selling willingness is weak, and the bears are exhausted, approaching the bottom.
   ② Application: Do not blindly cut losses; wait for confirmation signals of the bottom before making decisions.

5. Sharp Drop Followed by Slow Rise — Opportunity to Go Long at Support
   ① Principle: After a sharp drop, a slow rise occurs, panic selling subsides, and the bulls recover; if the support level holds, it can be a good time to go long.
   ② Application: Set stop-loss at the support level, buy on dips, and target previous highs.

6. Sharp Rise Followed by Slow Drop — Timing to Short at Resistance
   ① Principle: After a sharp rise, a slow drop occurs, indicating that the bulls are exhausted; if the price encounters resistance, it can be a good time to short.
   ② Application: Set stop-loss at the resistance level, sell on highs, and target lower support levels.

7. Volume Increase with Price Rise — Pullback Warning
   ① Principle: After a significant price increase with high volume, profit-taking and liquidation pressure can be substantial, requiring a price pullback to digest.
   ② Application: Appropriately reduce positions to lock in profits and wait for a pullback before re-entering.

8. Volume Decrease with Price Drop — Rebound in Sight
   ① Principle: A panic sell-off with high volume can lead to emotional release, exhausting the bears, making a rebound likely.
   ② Application: Aggressive traders should wait for signals of a stop in the decline, take light positions to bet on a rebound, and set appropriate stop-losses.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.

Data is real, and each trade has a screenshot from when it was issued.

**Search for the public account: *Big White Talks About Coins*

BTC

Analysis

Bitcoin's daily line dropped from a high of around 106,300 to a low of around 103,550 yesterday, closing around 103,950. The support level below is around 102,350; if it breaks, it could drop to around 101,450. A pullback can be used to buy near this level. The resistance level above is around 105,500; if it breaks, it could reach near the MA7 moving average. The MACD shows an increase in bearish momentum. The four-hour support level is near the MA200; a pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if it breaks, it could reach near the MA120. The MACD shows an increase in bearish momentum.

ETH

Analysis

Ethereum's daily line dropped from a high of around 2,650 to a low of around 2,505 yesterday, closing around 2,530. The support level below is around 2,450; if it breaks, it could reach near the MA30. A pullback can be used to buy near this level. The resistance level above is near the MA7 moving average; if it breaks, it could reach near the MA200. A rebound to this level can be used to short. The MACD shows an increase in bearish momentum. The four-hour support level is around 2,475; if it breaks, it could reach around 2,435. A pullback can be used to buy near this level. The resistance level above is near the MA120; if it breaks, it could reach near the MA30. The MACD shows an increase in bearish momentum, forming a death cross.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag; if you have any questions, feel free to consult.

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