Big Cake says, are you getting on the bus! The Leeks say, no! Big Cake says, if you don't get on, I'll keep pulling! The Leeks say, can I get on then? Big Cake says, getting on is right, I'm falling [smirk][smirk][smirk]$BTC
The Psychology of Trading: Human Nature in the Game 1. Trading is not only an exchange of resources but also a psychological game. In every transaction, whether buying groceries, trading stocks, or negotiating business contracts, participants' emotions, cognition, and decisions deeply influence the outcomes. The psychology of trading reveals the complex manifestations of human nature in the face of interests, risks, and uncertainties. The following explores the psychological mechanisms in trading from several key dimensions. 2. Information and Expectations: The Cognition Game The psychology of trading is also reflected in the processing of information and the formation of expectations. Traders build expectations about the future based on limited information, but these expectations are often disturbed by cognitive biases. For example:
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① Bitcoin: The current price is around 98500, with a low of 95700, a price difference of 3000 USD, and a fluctuation of about 3.2%. Last night's Federal Reserve meeting met expectations, and interest rates are unlikely to decrease in the short term. Currently, if the strong resistance at 97800 is effectively broken, reaching 100,000 is just around the corner. To break above this level again, it requires substantial volume combined with news. Personally, I still suggest focusing on buying on dips. Ideally, after stabilizing at 100k, we will see fluctuations in the 98000-100000 range, with ETH following an independent trend, altcoins making a move, and then continuing on.
② Ethereum: The current price is at 1840, with a low of 1787, a price difference of 60 USD, and a fluctuation of about 3.5%. This latest upgrade hasn't shown much performance, like a company launching a new product that doesn't change its stock price; it's quite disappointing. ETH's trend is still following Bitcoin, focusing on the 1870-1900 level.
Almost a hundred thousand is within reach, but why is ETH still at 1800? How can a counterfeit still drop? In this position, you can't short too much or too little. It's better to watch less and act more. Good morning, traders.
① Market Summary Bitcoin: Currently priced around $95,800, with a low of $93,400, a price difference of $2,400, and a fluctuation of about 2.6%. On-chain data shows that the cost basis of short-term holders is highly concentrated, indicating frequent turnover of chips recently, which may signal increased volatility. It is currently in a consolidation range. The short-term RSI may approach the oversold area, with the potential for a timely rebound. If it breaks through $97,000 with volume, the short-term trend will turn bullish. The weekly chart forms an ascending wedge; if it breaks the upper bound at $100,000, it may enter a new round of increases; if it falls below the lower bound at $87,000, it may correct to $80,000.
Ethereum: Currently priced around $1,800, with a low of $1,752 and a high of about $1,830.80, fluctuating around 4.8%. Net inflows to exchanges have decreased, and holders tend to prefer cold storage, reducing selling pressure. On-chain data indicates that the cost basis for short-term holders (1-3 months) is concentrated between $1,800 and $2,000. The short-term trend is neutral to bearish, with a need to pay attention to the support at $1,750 and the resistance at $1,825. The medium-term target is $2,000.
Brothers, IDO is now eligible. Alpha points are greater than or equal to 142 points or points between 99-141. Brothers, IDO is now eligible. Alpha points are greater than or equal to 142 points or points between 99-141. Users with a number ending in 8. Users with a number ending in 8.
① Market Brief Bitcoin: The current price is around 94,300, with an intraday low reaching around 93,500, not breaking below 93,100, and a highest rebound around 95,750. The key short-term resistance is at 95,250, while support levels at $92,855 and $90,870 are crucial defense points. A break below these may trigger a larger correction.
Ethereum: The current price is around 1,800, with an intraday low coming down to around 1,780 and a high rebounding to about 1,830, fluctuating within a space of about $50. The ETH/BTC exchange rate is approximately 0.01901. Breaking below the monthly support indicates a short-term weakness of ETH relative to BTC. Recent fluctuations in ETH have been influenced by BTC prices, and there is increasing market attention on Ethereum 2.0 upgrades and staking mechanisms. ETH has shown slightly weaker performance relative to BTC, but the ecosystem fundamentals remain robust, and the long-term outlook is positive. The current price is between $1,781 - $1,832, with a key short-term resistance at $1,817; breaking this may lead to further increases to $1,921. Support levels at $1,743 and $1,688, if breached, may increase downward pressure.
③ Personal Operation View: DeFi, Layer-1, Layer-2 show signs of capital rotation. Waiting for ETH to strengthen, there is hope for a market surge. Accumulate spot positions on dips.
① Market Summary Bitcoin: The current price is around 95800, with a 24h trading volume of 31.44b, down 35% from the previous day, indicating a decrease in market activity. The daily chart shows a divergence, suggesting a potential further pullback. The current long-short ratio is 0.62. Major support is at 93140; a break below may lead to further declines, while a breakout above 97900 may push the price towards the 100k milestone.
Altcoin: The recent performance has been weaker than Bitcoin, with a 24h trading volume of 11.57b, down 37% from the previous day. The daily chart shows a negative trend, with ongoing selling pressure. A head and shoulders pattern is forming on the hourly chart; if the right shoulder forms, it may lead to further declines. ETF inflows are less than BTC, limiting upward price momentum.
② Bitcoin Support Level: 90875—93140 Resistance Level: 97780—98495 Altcoin Support Level: 1777—1801 Resistance Level: 1856—1881 $BTC