Cryptocurrency News

April 17 Highlights:

1. The joint motion to stay the appeal proposed by the U.S. SEC and Ripple has been approved.

2. Russian Ministry of Finance officials call for the issuance of a national stablecoin.

3. Galaxy Ventures' first fund has been oversubscribed, with expected financing reaching $180 million.

4. VanEck executives propose that Bitcoin bonds could help the U.S. refinance $140 trillion in debt.

5. Today's largest BTC options block trade has a nominal value of $130 million.

Trading Insights

After years in the cryptocurrency space, I have summarized several short-term trading methods and tips to share with everyone!

1. Utilize Technical Analysis to Seize Trading Opportunities
   Technical analysis is an important tool for short-term trading in the cryptocurrency market. By analyzing historical price and trading volume data, one can predict future price trends. Common indicators include:
   ① Moving Averages: Such as the 5-day and 10-day moving averages. When the short-term moving average crosses above the long-term moving average, it may signal a buying opportunity; conversely, crossing below may signal a selling opportunity.
   ② Relative Strength Index (RSI): When the RSI exceeds 70, it indicates that the market is overbought, and prices may fall, suggesting a sell; below 30 indicates the market is oversold, and prices may rise, suggesting a buy.
   ③ Bollinger Bands: Comprised of three lines, with the middle line being the moving average and the upper and lower lines indicating price volatility ranges. When the price touches the upper band, it may face resistance, signaling a selling opportunity; touching the lower band may provide support, signaling a buying opportunity.

2. Closely Monitor Trading Volume to Confirm Trend Signals
   Trading volume is a key indicator of market activity and capital flow. When prices rise and trading volume increases simultaneously, it indicates a strong upward trend, suggesting to hold or buy; if prices rise but volume decreases, the upward trend may be difficult to sustain, requiring caution. Similarly, if prices fall and volume increases, the downward trend may continue; low volume may indicate a weakening downward trend. A significant increase in volume when breaking through key resistance or support levels is an important signal for trend confirmation.

3. Strictly Implement Risk Control to Safeguard Capital
   Risk control is the core of short-term trading and is crucial for investment success. Recommendations include:
   ① Diversify Investments: Do not concentrate all funds in one cryptocurrency; diversify investments across various mainstream and potential cryptocurrencies to reduce risks from the volatility of a single asset.
   ② Set Stop-Loss Orders: Establish stop-loss points before each trade; if losses reach 5%-10%, sell decisively to prevent further losses.
   ③ Control Position Size: The position size for a single trade should not exceed 20% of total capital to prevent significant losses from individual trading errors.

4. Accurately Capture Short-Term Hotspots and Profit from Trends
   The cryptocurrency market experiences rapid shifts in hotspots. Paying attention to popular projects or newly launched cryptocurrencies can help seize short-term price fluctuation opportunities. For example, if a project has a significant technological breakthrough, partnership news, or a new cryptocurrency garners market attention during its initial launch, prices often exhibit considerable volatility. However, be cautious as high-volatility cryptocurrencies carry high risks; set appropriate stop-loss and take-profit levels.

5. Rationally Utilize Arbitrage Trading to Earn Price Differences
   Arbitrage can be conducted by exploiting price differences between different exchanges. For instance, if a cryptocurrency is priced lower on Exchange A and higher on Exchange B, one can buy on Exchange A and sell on Exchange B to profit from the price difference. When executing this strategy, consider transaction fees, withdrawal times, and other costs to ensure that the price difference covers costs and provides a profit margin. Additionally, some exchanges may have restrictions on arbitrage trading, so it's essential to understand these in advance.

LIFE IS LIKE

A JOURNEY ▲

Below are the actual trades from the Big White Community's trading group this week. Congratulations to those who followed along; if your trades haven't gone well, feel free to give it a try.

Data is authentic, and each trade has a screenshot from the time it was issued.

**Search for the public account: *Big White Talks Cryptocurrency*

BTC

Analysis

The daily chart for Bitcoin rose from a low of around 83,100 to a high of around 85,600 yesterday, closing near 84,000. The support level is near MA30; if it breaks, it could drop to MA14. A pullback could provide a buying opportunity nearby. The resistance level is near MA60; if it breaks, it could rise to MA200. A rebound to this level could provide a selling opportunity. The MACD shows a decrease in bullish momentum. The four-hour chart shows support near MA200; if it breaks, it could drop to MA120. A pullback could provide a buying opportunity nearby. The resistance level is near 85,450; if it breaks, it could rise to MA360. A rebound to this level could provide a selling opportunity. The MACD shows a decrease in bearish momentum.

ETH

Analysis

The daily chart for Ethereum fell from a high of around 1,615 to a low of around 1,535 yesterday, closing near 1,580. The support level is near 1,535; if it breaks, it could drop to 1,445. A pullback could provide a buying opportunity nearby. The resistance level is near 1,660; if it breaks, it could rise to MA30. A rebound to this level could provide a selling opportunity. The MACD shows an increase in bullish momentum. The four-hour chart shows resistance near MA90; if it breaks, it could rise to MA120. A rebound to this level could provide a selling opportunity. The MACD shows a decrease in bearish momentum and indicates signs of a golden cross.

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

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