01

Cryptocurrency News Interpretation

Bitcoin climbed above $30,000 for the first time since June 2022, up more than 80% year-to-date. The rebound was even stronger than the nearly 20% gain in the Nasdaq 100 (Bitcoin tends to rise in tandem with the index). Despite this, Bitcoin is still more than 50% below its all-time high in November 2021. "$30,000 is very important both from a technical and fundamental perspective," said Marty Greenspan, CEO of Quantum Economics. "This resistance level has been there for three weeks and it's finally been broken. This is the first time we've broken this level since the Luna coin crash and the collapse of Three Arrows Capital. This basically means that the price of Bitcoin has fully recovered from events like Celsius, FTX and U.S. regulatory crackdowns."

Important news overview:

1. Report: If SBF had not been accused of fraudulent activities, FTX would have collapsed due to numerous security issues:

2. Arkansas, USA passed the Bitcoin mining rights bill:

3. CME "Fed Watch": The probability of the Fed raising interest rates by 25 basis points in May is 69.2%;

4. The Winklevoss brothers provide Gemini with a $100 million loan;

5. China Payment and Clearing Association: Payment industry practitioners should use tools such as ChatGPT with caution:

6. Litecoin has started Litecoin Corev24 development:

7. TikTok App already supports Bitcoin market data query:

8. Data: The whale address transferred 157,000 LINK to Binance 1 hour ago;

9. Bankruptcy lawyers and advisors charged FTX $30 million in February.

02

Cryptocurrency Trading Tips

Mental training

The road of Yi is a road of learning. For everyone, failure is almost always caused by oneself. Since you want to survive in this market, you have to change your life frequency to follow the market. Few people are born to belong to the market, so to succeed, you must change!

Change all the wrong ideas and habits in the past, and continue to practice the correct behavior until it becomes your habit. Emotions will make people chase ups and downs, so you have to control it. "Human nature does not want people to easily admit losses, so you have to get used to the feeling of admitting losses." "Human nature is also unwilling to let people give up the existing book profits that have been realized, so you must overcome the idea of ​​'human nature is short-sighted and quick to profit'."

In financial transactions, facing the ups and downs of money, the ups and downs of the market, most traders lose their trading plans or rules, have nothing to rely on, and begin to unconsciously fall into random trading. Therefore, there are many famous sayings on Wall Street that talk about these phenomena, and many people are also studying trading psychology. "Plan your trades, trade your plans" is also a typical saying.

In fact, the discussion about trading mentality is an old topic. Friends who have had some trading experience should understand the impact of trading mentality on the "success or failure" of trading. At the beginning, many novice traders regard trading technology as the key to the success or failure of trading when entering the stock market. However, after a period of trading, they will find that due to many reasons of their own, we have no way to enforce trading discipline.

Knowing but not doing is just ignorance. This is from Wang Yangming, a thinker, educator, and military strategist in the Ming Dynasty. Wang Yangming is also known as the best warrior among the literati in the Ming Dynasty and one of the few perfect people in ancient and modern times. His theory of the unity of knowledge and action has a great influence on later generations. I like this simple and crude sentence the most: "Knowing but not doing is just ignorance." Some time ago, there was a very popular pretentious saying: "Knowing so many principles, but still not living a good life." If you understand Wang Yangming's words, you will know that no matter how much you study and understand, if you don't practice, you will end up being just a nerd.

03

Cryptocurrency market analysis

The CPI data will be released at 20:30 tonight, with the previous value of 5.5% and the expected value of 5.6%. According to the data, it is bearish for the market.

There are many disputes in the classification of 30-minute trends, so we will temporarily classify them according to the chart. Currently, the central axis B is being constructed, and the new high is reached after three overnight sells. This round of rise is too hasty, and there is a need for a correction at the secondary level. Recently, multiple indicators have hinted at divergence, and the health level is relatively low. A true rise requires both form and volume.

29779 is a reference point for the day, and a break below it indicates a pullback. The next resistance is 30700~20900. 29180 is also an important position (this position may form a third buy). It is not assumed that the rise since 19525 is over before it falls below 28150. At present, we continue to believe that the trend is a range trap + back and forth, and there is no accurate reference to the top.

In terms of operation, the pin-point downward exploration may be an opportunity. The specific position refers to the rising range.