Crypto Circle News
November 9 Hot Topics:
1. Pakistan plans to consider issuing a rupee-backed stablecoin and is developing a CBDC pilot.
2. Hourglass: The KYC link for the second phase of the Stable deposit vault will be released tomorrow.
3. The Crypto Fear and Greed Index has dropped to 20, indicating "extreme fear," the lowest level in the past seven months.
4. Coinbase's official post hints at the potential launch of a Launchpad platform.
5. Due to a hung jury, the New York case involving $25 million Ethereum MEV has been declared a mistrial.
Trading Insights
The key to trading success: Beyond technology, it is the cultivation of "self."
Technology is a tool; people are the core. Most people are obsessed with "guaranteed profit systems" and "precise indicators," but overlook the key point: technology (skills) is merely a tool for trading. In the five-tier system of Dao, Fa, Shu, Qi, and Qi, it is the most easily replicable part. Methods like EMA, trend breaks, and VWAP are readily available online, but knowing the technology does not equal profitability—the issue lies in whether one can master the technology.
Poor execution is the root of trading losses. With the same technology, some make profits while others incur losses; the core difference lies in execution:
Claiming to be a trend trader but hesitating to cut losses or take profits;
Using breakout strategies but hesitating to enter when prices break due to fear of pullbacks. The essence is a lack of self-control—knowing what to do but failing to do it.
Execution in life reflects trading potential. The discipline in trading is highly consistent with life details:
If you say you will practice piano every day, do you stick to it? If you say you will control sugar intake, do you follow through?
If you struggle to execute even small life tasks, how can you expect to be more disciplined in trading than others? The laxity in life is a reflection of poor discipline in trading.
Counterintuitive actions are the "inner strength" of trading. The key to trading is "counterintuitive actions," which is consistent with the willpower cultivated in life:
In trading, cut losses immediately when needed, stay out when you shouldn't trade, and restrain position size when wanting to go heavy;
In life, persist in exercising when you don't want to, open a book when you don't feel like reading, and get up early when you want to sleep in—these small actions are all about cultivating trading "inner strength."
Surpassing others lies in doing what others cannot. In the information age, the gap in technology and resources is narrowing; the ability to stand out depends on who can persist in doing what others cannot:
When others are anxious watching the market, you patiently observe;
When others cannot withstand drawdowns, you stick to your system;
When others are entertaining, you quietly review and study charts. This is the dividing line for traders—not indicators or systems, but the individuals themselves.
The end of technology is the refinement of people. The market is never short of technology, signals, or teachers; what is scarce is:
Those who persist in reviewing trades every day;
Those who can stick to their plans despite emotional fluctuations;
Those who strictly execute their systems even knowing they might incur losses. Technology can be replicated, but traders with extreme self-discipline are irreplaceable. The ultimate contest in trading has always been a contest of "people."
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Daba community this week. Congratulations to the friends who followed along. If your trades 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: *Dabai Talks Coins*
BTC
Analysis
Although the proposal regarding the suspension of salary payments was not passed in the early morning, it did not significantly affect the weekend sentiment. Bitcoin's price only saw slight fluctuations, mainly because, despite it being the weekend, the U.S. Senate held a rare weekend meeting to discuss plans to end the government shutdown, although no new votes have been formally scheduled yet. However, the majority leader John Thune indicated that there might be a voting opportunity later on Saturday, especially regarding advancing the continuing resolution passed by the House, with the essential goal of ending the government shutdown. As of now, the shutdown has entered its 39th day, and to end it, the Senate has decided to cancel the Veterans Day recess and continue meeting until the issue is resolved.
The Bitcoin upward channel has been broken, with the first target at $94,200. A bearish wedge structure! The decline continues, and it is currently in a consolidation phase. The small target is also in the $94,000-$92,000 range.
ETH
Analysis
Looking back at the data, after a significant reduction in liquidity over the weekend, the turnover rate is also declining, and investor sentiment is starting to return to normal. Currently, the biggest impact on Bitcoin may still come from the U.S. shutdown. Although the American public has a good expectation of the shutdown, if it continues to be delayed, both the actual economic impact and the effect on investor confidence will have adverse reactions.
From the URPD data, the current chip structure is relatively stable, although it is below the support price, the gap is not very large, and there are no signs of breaking the current support level. Let's wait for the end of the shutdown.
Ethereum is in a triangular adjustment, with a short-term target of $2,900-$3,000.
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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