November 11 | ETH's plan for today

Yesterday, ETH fell on heavy volume, hitting a low near 2003 before rebounding to around 2058.

Although it has recovered somewhat, resistance overhead has not yet been broken. Recent long positions have been stopped out repeatedly, so I won't consider going long today for now and will prioritize waiting for a rebound to short.

Key levels to watch today:
- 2070—2090: rebound shorting zone
- Stop-loss: above 2110
- First target: 2050
- Second target: 2020
- Extended target: around 2005
If it rebounds to around 2080—2100 and shows clear resistance, a short op

Cross-chain transfers are not simply about moving coins: 4 questions to understand before transferring

In the Web3 world, cross-chain technology connects assets and applications on different blockchains. But that doesn’t mean assets can move freely between networks without risk.

A cross-chain operation may involve locking and minting, burning and releasing, liquidity pools, or other cross-chain message verification mechanisms. Different mechanisms come with different trust assumptions and risks.

If you’re preparing to make a cross-chain transfer, it’s worth understanding these four things f

Why can prices suddenly reverse even as open interest continues to rise?

In crypto contract trading, open interest (OI) is an important indicator for observing the market. It represents the number of contracts that have not yet been closed and can help us understand the level of market participation, but it cannot determine the direction of price movements on its own.

First, the price rises and open interest increases. This usually means new contract positions are entering the market, and capital may be continuing to participate in the rally. But new positions may come from either longs or s

The model said it had remembered the rules
Put the same constraints in the prompt, and it replied, “Noted.”
[Next round]
Start by asking whether there are any new requirements this time.
[Old rules]
Paste that same passage again.

Why Do Altcoins Rise Faster Than BTC and Potentially Fall More Sharply?

In the cryptocurrency market, a common phenomenon is that when BTC rises 3%, some altcoins may rise 10% or even more. But when BTC starts to fall, these altcoins may also see bigger losses. What exactly is behind this?

First, market capitalization and liquidity differ. BTC has a larger market size, so it takes a lot of capital to move its price significantly. Some altcoins have smaller market caps, making them more prone to sharp price swings when capital flows in. But lower liquidity also means that large sell orders ca

Understand DeFi Protocols: Don’t Just Focus on APY—Where Do Returns Come From, and Who Bears the Risk?

In DeFi (decentralized finance), one question is easy to overlook: when a protocol advertises an attractive annual percentage yield, where exactly does that yield come from?

APY is simply a way of displaying results; it does not, on its own, prove that a protocol is worth participating in.

To assess whether a DeFi protocol is sustainable, consider these four aspects.

1. Where do the returns come from?

Returns may come from interest paid by borrowers, trading fees, liquidity incentives, o

Blockchain Is Not a Magic Ledger: How Is a Transaction Verified, Recorded, and Shared?

Many people have heard of blockchain and know that it is related to Bitcoin, smart contracts, and Web3, but few truly understand how it works.

The key to blockchain is not just storing data in a block, but having multiple participants verify and record data according to shared rules, and maintain ledger consistency through specific mechanisms.

I. Understanding Blockchain Through a Single Transaction

Suppose you transfer funds to another wallet.

First, the transaction is initiated. The wallet uses the re

I've been through this myself!
Say it straight.

What Is an Iceberg Order? How Can It Hide Part of an Order’s Size and Reduce the Visible Market Impact of Large Trades?

In cryptocurrency trading, placing a very large order directly on the order book may allow other market participants to infer the trader’s intentions, affecting prices and execution conditions. Iceberg orders reduce how much of the full order is exposed at once by displaying only part of the order size and replenishing the displayed quantity after it is filled.

First, how do iceberg orders work?

Suppose you plan to buy 100 BTC but display only 10 BTC at a time. Once the di

The DAO vote passed—what comes next? The execution mechanism is what truly determines governance quality

In the Web3 world, DAOs are often seen as an important form of decentralized governance.

Proposals can be discussed publicly, community members can participate in votes, and funds can be managed according to established rules. But one question is easy to overlook:

Does a proposal receiving majority support mean it will definitely be executed effectively?

The answer is no.

The quality of a DAO’s governance depends not only on who has voting rights, but also on how proposals are develope

If You Lose 10 Trades in a Row, How Can You Tell Whether Your Strategy Has Truly Failed?

In crypto futures trading, consecutive losses are a problem many traders encounter. The most dangerous thing is not the losses themselves, but beginning to doubt your strategy after a losing streak, changing parameters at random, or even continually increasing position sizes to try to win back your losses.

So, does losing 10 trades in a row mean your trading strategy has failed?

First, look at its historical win rate. If a strategy has a long-term win rate of 60%, then 10 consecutive losses are indeed u

Bad Boy Watch: SPCX Update 11.11

Big Rocket closed at 143.09 in Tuesday’s U.S. stock market, up 0.72%, with an intraday high of 144.89 and a low of 139.16.

Musk has been making moves nonstop lately. As long as the AI narrative continues, SPCX can stay on an upward channel line.

Looking at the candlestick chart, the U.S. stock closed at the 20-day moving average. Any new purchases should wait for the 5-day moving average below to catch up and form a golden triangle with the 10- and 20-day moving averages. This will provide strong support for SPCX’s share price and set it up to reach new high

This morning, Whale 918 entered the market and price surged immediately afterward.
Our first take-profit target was 954; the current price is 960,
and the first take-profit target has been hit precisely!
#海力士 #美股

11-11: I took my kid out for a bit recently, hehe, and stopped posting for a while. I’m back starting today. For now, it’s still a small consolidation; watch the 4008 and 4075 levels to see which way it breaks. Overall, buy the dips and look north; there are still higher highs ahead. Kuaishou will be going live in the next few days, so get ready to show your support!

Before Making a Cross-Chain Transfer, Don’t Just Check the Fees: These 5 Checks Matter More

In the Web3 world, cross-chain transfers let users move assets between different blockchains and participate in applications, while bringing multichain ecosystems closer together.

But cross-chain transfers aren’t as simple as choosing a network, entering an address, and clicking confirm.

A successful cross-chain transaction doesn’t mean the entire process was risk-free.

If you’re preparing to make a cross-chain transfer, these five things are worth checking in advance.

1. Confirm the Source and Des

What is stress testing? When the market suddenly crashes, liquidity dries up, or slippage widens, how can you test whether a trading strategy can withstand extreme market conditions?

In crypto trading, even a strategy that performs well under normal market conditions may suffer severe losses during a sudden crash, a sharp drop in trading volume, or extreme price volatility. Stress testing proactively simulates adverse market conditions and examines a strategy’s drawdown, consecutive losses, and risk exposure to identify problems that regular backtesting may not reveal.

First, what does stres

What Exactly Are Wallet Seed Phrases and Private Keys? Why Are They So Important?

In the Web3 world, creating a wallet is easy, but not everyone truly understands who controls it.

Many people know that seed phrases must not be disclosed, but may not be clear on how they differ from private keys or why losing a phone does not necessarily prevent them from recovering their wallet.

To understand these questions, we first need to clarify three concepts.

I. What Is a Private Key?

A private key is secret information used for cryptographic signing. In many blockchain wallets, it can authorize tr

$AKE Can you support individual users? I joined today and everything is in the red