Cryptocurrency News
May 23 Highlights:
1. SUI Chief Product Officer: Approximately $160 million in funds from the Cetus theft case has been successfully frozen.
2. SEC delays the review of multiple crypto ETFs and officially accepts the Staked TRX application.
3. The Supreme Court rules that the Federal Reserve is not subject to Trump's request to dismiss independent federal agency officials.
4. Democrats protest Trump's memecoin dinner, questioning transparency and security risks.
5. Robinhood lists MEW and Moo Deng for spot trading.
Trading Insights
In the cryptocurrency space, which is full of opportunities and risks, to survive steadily, one must master a series of key points: 1. Carefully choose entry points: There are no forever good coins, only precise entry points. If you encounter a coin that surges without a chance for a pullback, it’s better to miss out than to force a buy; if you feel anxious, try a small position. 2. Always leave room: At all times, you should formulate a position strategy that combines short, medium, and long-term approaches. Even if you are fully confident in a particular investment opportunity, do not invest all your capital; leave yourself an exit strategy. For example, allocate funds reasonably: a portion as long-term base capital, a portion for medium-term swing trading, and the remainder as short-term flexible funds, which can effectively respond to market changes. 3. Be content and earn what you deserve: The cryptocurrency market fluctuates, and trying to achieve profits from every coin while avoiding all downturns is an unrealistic fantasy. After years of experience, such greedy operations often yield nothing. Take Bitcoin as an example; its price movements are volatile, and if you always aim to precisely grasp every rise and fall, frequent buying and selling may lead you to lose track and miss out on real big trends. 4. Be cautious when averaging down during losses: Once a downtrend in coin prices is established, it is difficult to reverse in a short time. Blindly averaging down can sometimes be mere self-comfort, and the more anxious you are, the easier it is to make wrong decisions. If a coin you hold continues to decline, relying solely on subjective assumptions to average down may lead to deeper entrapment. 5. Strictly adhere to operational discipline: Many traders will formulate detailed plans before trading, such as only acting when the market drops to a certain level or buying a coin when it reaches a specific price. However, during trading, various factors can easily disrupt these plans. If you cannot strictly execute your plan, it is like gambling in a casino; random operations during trading are mostly wrong. 6. Follow the irreversible upward trend: The market trend is a fact, and once a trend is established, it is difficult to reverse. Investors must be brave enough to admit mistakes, correct them in time, stay away from uncertain markets, and choose those upward trends that even market makers must follow, acting in accordance with the trend. For example, when the overall market is in a bull market uptrend, following the upward trend of mainstream coins greatly increases the probability of profit. 7. Withdraw profits in a timely manner: In the cryptocurrency space, unwithdrawn profits are just numbers. Cryptocurrency investors are like gamblers still in the casino; only by extracting cash from the market can they be considered true winners. Developing a good habit of timely withdrawals can help secure profits and reduce risks. When operations in the cryptocurrency space are not going well and you feel confused, remember two points: first, be proactive and decisive, just like the investors who entered the market decisively during the SUI explosion; second, keep information flowing, respond promptly to news, and do not miss any potential opportunities.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community's group this week. Congratulations to those who followed along; if your operations are not going well, you can come and test the waters.
The data is real, and each order 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 109,150 yesterday to a high of around 111,950, breaking through to a new high, closing around 111,650. The support level is around 109,500; if it breaks, it could drop to the MA7 moving average. A pullback can be used to buy near this level. The upper target can again look for a new high. The MACD shows bullish momentum increasing. The four-hour support level is around MA14; if it breaks, it could drop to around 109,150. A pullback can be used to buy near this level. The MACD shows a decrease in bullish momentum and has signs of forming a death cross.
ETH
Analysis
Ethereum's daily line rose from a low of around 2,545 yesterday to a high of around 2,690, closing around 2,665. The support level is around 2,605; if it breaks, it could drop to around MA14. A pullback can be used to buy near this level. The upper resistance level is around MA200; if it breaks, it could reach around the MA360 yearly line. A rebound to this level can be used to sell short. The MACD is oscillating and flattening, with the two lines converging. The four-hour support level is around MA14; if it breaks, it could drop to around MA60. A pullback can be used to buy near this level. The MACD shows a decrease in bullish momentum.
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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