Cryptocurrency News
March 5th Highlights;
1.Trump nominates Kevin Warsh to be the Chair of the Federal Reserve, who once stated that Bitcoin is closer to an asset than a currency.
2.The US SEC and CFTC advance regulatory framework for crypto assets and prediction markets.
3.Elon Musk appears in court to respond to allegations of market manipulation during the Twitter acquisition.
4.US economic data eases inflation worries, while stock indices in Japan and South Korea open significantly higher on Thursday.
5.The Federal Reserve's Beige Book: Most districts see moderate economic growth, with consumption and employment stabilizing overall.
Trading Insights
1. About Waiting (The Waiting) "Trading is mostly boring. If you find it exciting, you are losing money." Do not stare at the screen all day. Grab the screen, and the screen will stare back at you, consuming you. A good hunter waits most of the time. He waits for the wind direction to change, waits for the prey to lower its head to drink. Do not fixate on the market. Let the market crash into you like that clueless drunkard. When you have nothing to do, do nothing. Being in cash is also a position. 2. About Stop-Loss (The Cut) "A stop-loss is your only friend. Though this friend may sometimes bite you." Have the courage to admit mistakes. Most people lack this courage. Watching a deficit grow is like watching a wound rot, praying for a miracle. Miracles do not happen. Bad toes happen. When you make a mistake, cut it off immediately. Do not worry. Do not patch it up. Pay the bill, try to buy a lesson, and then strive for honor. As long as the green mountains remain, one need not fear no firewood. 3. About Leverage (The Leverage) "Leverage is borrowed courage. It is not yours." In that crappy contract market, leverage is like low-quality drugs. It makes you feel invincible, makes you think you are smarter than the market. But it will give you a splitting headache when you are sober. Bet only with money you can afford to lose. If a trade keeps you awake at night, you are betting too big. You can only win when you can sleep. 4. About News and Noise (The Noise) "Don’t listen to them. They are selling newspapers, not the truth." In this circle, some are selling news, some are analyzing charts, and some are boasting about insider information. Plug your ears. Just watch two things: price and volume. Price is the truth. Volume is power. The rest - macro analysis, institutional upgrades - is usually lies or smokescreens for glimpsing retreats. 5. About Essence (The Sea) "The market is like the sea. It is not cruel, it is just indifferent." Do not get angry at the market. Do not try to take revenge on Bitcoin. It does not care about you. It does not even know you exist. If you are knocked over by a wave, it is because you didn’t watch the tide, or your boat is too rotten. Accept it. Clean the wounds. Set sail again. 6. Awe of the Unknown (The Respect for the Unknown) "Only fools believe they can master every candlestick. The wise know that when the wind rises is not decided by the meteorological station, but by the sea." Sometimes, you buy not because of a MACD golden cross, but because that morning’s coffee smelled just right, or the wind outside changed direction. Is this called metaphysics? No, this is called animal instinct. In the jungle, the longest-lasting are not the strongest but the ones most attuned to danger. 7. About Metaphysical Trading "No need to rush the sunrise. What is meant to come will always come. This is metaphysics, and Bitcoin is the same. It has its own timetable." Do not ridicule metaphysics. Those who try to use it to guess the next minute's rise and fall are just using a holy grail to hold urine. They do not understand the way; they are only blinded by greed, and like the previous news, they do not speak the truth. This is all my insight. There is nothing magical about any formula. Only discipline and the elegance of facing this cold, harsh reality.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trades from the Big White community this week. Congratulations to those who joined in. If your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot issued at that time.
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BTC
Analysis
Although the price of Bitcoin has risen, its chip structure is still very stable, and the rising price has not triggered a lot of turnover from early investors; the main turnover comes from short-term investors. Returning to Bitcoin's data, both trading volume and turnover rate are good, and investor expectations for the market are still positive, with buying still quite decisive; they are just waiting for geopolitical conflicts to end as soon as possible. After all, this year, monetary policy and the mid-term elections are the focus; geopolitical conflicts are just an episode. In the short term, you can enter long positions around 71950-71550-71260 on a pullback. For the medium to long term, long positions can be entered around 70588-69632.
ETH
Analysis
During the price rise, recent fluctuations were mainly driven by geopolitical conflicts between the US and Iran, and today’s primary reason is no exception. Although many events have occurred, geopolitical conflict remains the main reason. Today, Trump urged banks to quickly finalize the stablecoin details, and Kraken obtained direct access to the federal payment system. Lastly, Iran is already preparing for talks, and the Strait of Hormuz has intermittently opened. Therefore, market sentiment is still positive, and buying sentiment is quite active; the risk market is rising. However, whether there will be further fluctuations depends on the progression of the war. Trump believes the war may last three to four weeks. If it stretches out this long, it may enter a period of volatility. But from a big picture perspective, ending the war should just be a matter of time. In the short term, you can enter long positions around 2093.7-2086, with targets looking towards 2115-2130. In the medium to long term, you can enter long positions around 2053.7-2035-2015, with targets looking towards 2085-2125.
The above content is all personal opinion and for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag; if there are any areas you do not understand, feel free to consult.
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