Cryptocurrency News
May 8 Highlights:
1. SEC documents show that the New York Attorney General previously requested the SEC to classify ETH as a security.
2. DeFi Development Corp. approves a 7-for-1 stock split, promoting Solana (SOL) asset strategy.
3. The market anticipates that the Federal Reserve's meeting early this morning may lead to interest rate cuts in July.
4. OCC confirms that banks can provide custody and trading outsourcing services for crypto assets.
5. Robinhood plans to launch a blockchain platform to offer U.S. stock trading services to European users.
Trading Insights
In the cryptocurrency space, remember that trading is not about luck, but about realizing knowledge! 1. Don’t go all in! Capturing 30% gains 2-3 times with 200,000 is enough; being fully invested and trapped is like disarming yourself; daring to stay in cash is what makes you a hunter. 2. First practice “not losing”! Use a demo account to refine your mindset; don’t touch money you don’t understand; earn what you can comprehend. 3. Good news means sell point! Prices surge before news drops? If it opens high after the announcement, run quickly; the market makers are used to cutting retail investors. 4. Be ruthless with stop losses! “Waiting to break even” is a trap; if you lose 50% of your capital, you need to gain 100% to recover; don’t be overly optimistic! 5. Keep 30% cash! Buy in batches on dips, don’t chase highs; cash flow is your moat; don’t exhaust your chips in one go. Core principle: Position size > skill; staying alive allows you to wait for an explosion! Less is more; greed leads to losses.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trades from the Big White Community's trading group 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 Coins*
BTC
Analysis
Bitcoin's daily line rose from a low of around 95,700 to a high of around 97,700 yesterday, closing around 97,000. The support level is around 98,100; if it breaks, it could drop to the MA7 moving average. A pullback can be bought near this level. The resistance level is around 99,400; if it breaks, it could rise to around 101,000. MACD is oscillating and flattening, with the two lines converging. The four-hour support level is near the MA7 moving average; if it breaks, it could drop to the MA14. A pullback can be bought near this level. MACD shows bullish momentum; buying can be considered near 98,100.
ETH
Analysis
Ethereum's daily line fell from a high of around 1,850 to a low of around 1,785 yesterday, closing around 1,810. The support level is near the MA7 moving average; if it breaks, it could drop to the MA60. A pullback can be bought near this level. The resistance level is around 1,940; a rebound to this level can be sold short. MACD shows a decrease in bullish momentum. The four-hour support level is near the MA7 moving average; if it breaks, it could drop to the MA30. A pullback can be bought near this level. MACD shows an increase in bullish momentum, forming a golden cross. Short-term buying can be considered near 1,880-1,853, with a rebound target around 1,940. A rebound to 1,940 can be sold short, with a target around 1,900-1,880.
Disclaimer: The above content is personal opinion and 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 some lag; if you have any questions, feel free to consult.
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