What time periods are suitable for cryptocurrency trading, according to community partners? The trading arena in the financial sector still belongs to the European and American markets; when they take a holiday, the market stagnates. Bitcoin trading basically follows this rule, with trading on weekends being significantly less active than on Mondays and Fridays.
Therefore, the focus for trading should be on the mornings or after 8 PM from Monday to Friday, as there is generally not much volatility at other times, and continuously monitoring the market to capture so-called trading opportunities is not worthwhile.
Recently, Bitcoin has not experienced much volatility, fluctuating around 95,000. From the trading conditions of the past few days, regardless of the news or technical aspects, Bitcoin's rise has been weak. For a larger breakthrough, unless there is significant positive news, I remember that May 8th should be the Federal Reserve's interest rate meeting, which is a very significant event for market changes. It is important to be prepared for this.
Based on past experience, the likelihood of a rate cut in May is very small, while the possibility of keeping the interest rate unchanged is relatively high, which means negative news. A 3%-5% drop in Bitcoin is highly probable, meaning it is quite normal for Bitcoin to drop by 3,000 to 5,000 USD. Therefore, during this period, we should see if Bitcoin can surpass the 100,000 mark (which is a very low probability event).
Bitcoin trading advice: May 8th is just around a week away. The high probability event is that there will be no rate cut, which means negative news. Thus, consider shorting at high points; if Bitcoin rises significantly in the next few days, short at high points. If it doesn't rise, consider taking a short position with appropriate leverage, set your stop-loss around 110,000, and take profit around 3,000. This trading strategy has a very good risk-reward ratio, and based on the news, it is a high-probability profit event.
Emphasizing once again, do not set your stop-loss too close, as spike trading conditions may occur. The above suggestions are just personal experiences and should not be considered investment advice. Operate cautiously and conservatively. Once there is a signal for market changes, I will release an article immediately. Stay tuned for subsequent articles $BTC $ETH $SOL .
