The biggest point in trading cryptocurrencies is to maintain a good mindset, technical skills are secondary～
1. In most cases, Bitcoin leads the rise and fall of the cryptocurrency market. Strong Ethereum coins may sometimes deviate from Bitcoin's influence and show a unilateral trend, while altcoins generally cannot escape its impact;
2. Bitcoin and USDT move in opposite directions. If you see USDT rising, be cautious as Bitcoin may drop; when Bitcoin is rising, it's a suitable time to buy USDT;
3. Between 12 AM and 1 AM, there is a tendency for price spikes, so domestic crypto enthusiasts can place buy orders at their desired prices and sell orders at higher prices before going to sleep; you might just make a deal while resting;
4. Every morning from 6 AM to 8 AM is a good time to judge whether to buy or sell, and also to assess the day's potential rise or fall. If the price has been falling from 12 AM to 6 AM and continues to drop during this period, it’s a good time to buy or average down, indicating that it will likely rise for the day. Conversely, if the price has been rising from 12 AM to 6 AM and continues to rise during this period, it’s a selling opportunity with a high probability of a drop for the day;
5. 5 PM is an important point of interest in the crypto community. Due to time zone differences, American crypto enthusiasts are waking up and starting their day, which may cause price fluctuations. Significant rises or falls have occurred at this time, so be particularly cautious;
6. There is a saying in the crypto world about "Black Friday," as there have been instances of significant drops on Fridays, but there have also been cases of large rises or sideways movements. It's not particularly reliable, just pay a little attention to the news;
7. If a cryptocurrency with a certain trading volume drops, there's no need to worry. Patience will ensure you recover your investment, whether it's in a short 3-4 days or a longer month. If you have extra USDT, you can gradually average down to lower the price; recovery will be quicker. If you don’t have extra funds, just wait; it won’t disappoint you unless you really bought a scam coin!
