After ten years of struggling in the cryptocurrency space, I have personally experienced three bull-bear transitions, from the initial 50,000 to now achieving a modest success.
1. In most cases, Bitcoin is the leader of the cryptocurrency market's fluctuations, while Ethereum and strong altcoins may sometimes break away from Bitcoin's influence to show a unilateral trend; however, altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions. If USDT rises, be wary of Bitcoin falling; when Bitcoin is rising, it is a good time to buy USDT.
3. Between 12 AM and 1 AM, there is a tendency for sudden price spikes, so domestic crypto enthusiasts can place a low buy order for their desired coins before going to bed and a high sell order, you might just get a deal while sleeping.
4. The time between 6 AM and 8 AM is an opportunity to judge when to buy or sell, as well as to gauge the day's fluctuations. If it has been dropping from 12 AM to 6 AM, and continues to drop in this timeframe, it is a buying or averaging down opportunity, and the day will likely rise. Conversely, if it has been rising from 12 AM to 6 AM and continues to rise, it is a selling opportunity, and the day will likely fall.
5. 5 PM is an important time to pay attention to. Due to time zone differences, American crypto enthusiasts are waking up and getting to work, which may cause fluctuations in coin prices. Significant rises or falls have indeed happened around this time, so be particularly vigilant.
6. There is a saying in the crypto world about 'Black Friday'; there have been a few instances of significant drops coinciding with Fridays, but there have also been major rises or sideways movements. It's not particularly reliable; just pay attention to the news.
7. If a coin with a certain trading volume guarantee falls, there's no need to worry. Patiently holding will definitely lead to recovery, in the short term of 3 to 4 days, or in the long term of a month. If you have extra USDT, average down in batches to pull the price down, and recovery will be quicker; if you don’t have extra money, just wait. It won’t disappoint you, unless you really bought I coin.
8. For spot trading, holding the same coin long term with less trading generally yields greater returns than frequent trading; it all depends on whether you have the patience to hold.
I bought Dogecoin at 0.1 and it has multiplied over 20 times since then 💡 The future wealth code is often hidden in the gaps of understanding—trends come first, layouts come later. You might as well [check the homepage] to get the latest cryptocurrency information and trading skills.