01
Cryptocurrency News Interpretation
VanEck has revised its spot bitcoin ETF to ease the concerns of the U.S. Securities and Exchange Commission, but an executive of the fund group said that regulators should treat all these documents equally. Cboe, the exchange where the VanEck Bitcoin ETF is traded, added in a filing on Thursday that it expects to sign a monitoring sharing agreement with a U.S.-based bitcoin spot trading platform operator. In addition, asset management giant BlackRock first revealed plans to launch a spot bitcoin ETF, which attracted industry attention. Other companies such as Bitwise, WisdomTreeInvesco and Valkyrie have previously tried to bring such products to market. This spot ETF must be a big piece of meat, and many institutions are watching it. Once the spot ETF is passed, the positive degree will exceed Grayscale's entry at the time. Once passed, it will surely cause a bull market.
The price of Bitcoin has climbed to more than $31,400, up more than 80% since the beginning of the year. Other cryptocurrencies have followed suit, a striking development that shows the resilience of the crypto market. Strahinia Savic, head of data and analysis at FRNT Financial, said that from the perspective of avid Bitcoin enthusiasts, the most basic investment thesis for this token is working: inflation, poor monetary management, banking crises, sovereign debt anxiety, and the issue of the dollar's reserve status are all creating opportunities for Bitcoin enthusiasts to say I told you so. Bitcoin is still one of the best investment yields on the planet, and more and more people are paying attention to it. The future market must be huge, and we must seize the dividends in the early and mid-term market.
02
Cryptocurrency Trading Tips
Mental training
In the investment market, success rate is always a topic that cannot be ignored, especially in contract trading. For example, if you win 7 out of 10 bets, but lose 3 times more than you win 7 times, you have a 70% success rate. But what is the use of such a high success rate? Sometimes, even if 5 out of 10 trades are wrong, but you stop loss and take profit reasonably, the result is profitable. Which one do you want?
Therefore, the success rate is a false proposition. The charm of contract trading is to make a small investment for a big return. With a stop loss of four or five hundred points, you can get a profit of three or four hundred points. It is a joke to want to make money in the trading market with this success rate.
The more you pursue success rate, the more you lose profit rate, and the more you pursue profit rate, the lower your success rate. The profit of gambling in the market is not the number of times you are right, but how to increase the stakes when you are right and make the right run, and how to stop the error from spreading when you are wrong. The financial market is never about old people making money from newcomers, but about wise people making money from fools!
03
Cryptocurrency market analysis
I took a break last week and returned to normal this week. The leaders of many sectors took off in turn. BCH, BSV, and XRP all have opportunities for low-buy. My trading style is not to participate in the volume, but to pay attention to the adjustment opportunities.
In the 30-minute trend, the three-stage rise since 24781 ended. The whole wave of correction began at 31471. The short-term long-short dividing line is 30600. If the price is below, it is believed that the adjustment will continue.
Next opportunity: After the 30-minute adjustment, the third rise in the four-hour period will probably be around 28500. (Range set + multi-level linkage must refer to the stabilization of the maximum level).
In terms of operation, we will continue to view it as a pullback, and we believe that the adjustment is not over below the long-short boundary.