Cryptocurrency News
February 11 Hot Topics;
1. U.S. SEC Chairman: The regulatory framework for cryptocurrency in the U.S. urgently needs legislation, SEC and CFTC will jointly advance cryptocurrency classification
2.Binance responds to asset outflow issue: it is a third-party data problem, platform fund inflows and outflows are all normal
3.Susquehanna-supported BlockFills suspends withdrawals and tightens trading permissions
4.Upexi's quarterly revenue doubles yet still records a loss of 179 million USD, SOL's drop impacts its Solana treasury
5.Coinbase is required to disclose insider trading lawsuit testimony, board's confidentiality request was dismissed by the court
Trading Insights
Short position trading insights: 1. Trade in markets you can understand. 2. When making a wrong trade, think about why it went wrong. 3. Markets that are hard to understand often become clearer with the next candlestick. 4. You can also pretend to place an order and then be glad you didn't. 5. In a trending market, trade with the trend; in a consolidating market, trade with consolidation. Sometimes losing money is because you're still using a consolidating approach in a trending market. 6. Only go long when the lights are on and the base is set. 7. Finding advantageous positions in M5 Bollinger Bands increases win rates. 8. Small stop-losses are always better than liquidation.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trading group orders from the Big White Community this week. Congratulations to those who have kept up with the trades. If your operations are not smooth, you can come and give it a try.
The data is real, and each order has a screenshot from the time it was placed.
Search public account:Big White Talks Coins
Bilibili and YouTube account:Daquan777
BTC
Analysis
The Bitcoin price has dropped below 66,000 USD again today. Looking back at the data, although ETFs have shown buying activity and both high-net-worth individuals and retail investors have exhibited buying signs, the price of BTC is still falling. More so, it is affected by sentiment and liquidity, feeling like a bear market is truly approaching. Decentralized buying cannot offset the concentrated selling; in fact, from the data perspective, the sell-off is not significant. However, it feels like most of the buying is passive; for example, I myself have set up positions at 60,000 USD rather than buying the spot directly now. So although I provided some slight buying power, at most it just slowed the decline and contributed nothing to price increases, which may explain why the data looks good, yet the price remains unfavorable.
A bounce back near 64688.8-64565 is available for long trades, with targets looking towards 65500-66300 range. A rebound to the 68280-68700 range is ideal for short trades, targeting 66350-64500 range.
ETH
Analysis
The current market has shown some polarization again. From today’s non-farm payroll data announcement, the economic situation is better than expected. Although it has reduced the likelihood of the Federal Reserve rapidly cutting interest rates, it also demonstrates the resilience of the U.S. economy, simultaneously putting the U.S. further from economic recession. However, the U.S. stock market has shown signs of tugging, likely because some investors believe that interest rate cuts are far away.
However, from my personal perspective, the relationship between rate cuts and data is not very significant right now. This has been discussed multiple times. Since Trump requested the Fed put in place lower rates after his victory, the expectation was clear: good economic data should lead to rate cuts, bad economic data should require rate cuts even more, and with decreasing inflation rates, there should be cuts. If inflation rises, well, let's cut rates first and talk later; this is Trump's direct request.
Thus, how the Federal Reserve communicates and acts after June, I believe carries more significance, whereas prior to that, the influence should be limited. This explains why the U.S. stock market has shown slight fluctuations, oscillating between ups and downs, while cryptocurrencies are struggling. A rebound near 2010-2035 can be an entry point for shorts, targeting around 1918-1872.
Disclaimer: The above content represents personal views and is for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions are ever-changing, and the article has a certain latency. If there is anything unclear, feel free to consult.
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