In the cryptocurrency world, you need to master some basic rules, especially those that influence market trends. Here are some practical experiences to share, hoping they can help you.

Differences in Day and Night Market Trends

The market in the crypto world is like the confrontation between the East and West, with fluctuations occurring both day and night. Basically, the market is most active between 21:30 and 7:30 Western time. You will find that many significant rises happen in the early morning. Therefore, a qualified trader usually chooses to sleep at 8 PM and wake up at 4 AM to pay attention to market dynamics.

Timing for Bottom Fishing and Chasing Highs

If you notice that the domestic market is continuously declining during the day, then you should consider bottom fishing because at 21:30, foreign capital will start pushing the market up. Conversely, if the market rises significantly during the day, do not chase the highs, as it is likely to pull back at night. Traders who are accustomed to FOMO should stabilize themselves at this time.

"Pin Bar" Signal

When buying or selling, the key signal is the "pin bar"; the deeper it goes, the stronger the buy or sell signal. This signal acts like an indicator light, telling you what is about to happen in the market.

Market Trends Before and After Major Events

Before major meetings or positive news releases, the market usually rises, but it may drop after the news is released. Therefore, do not let the current gains cloud your judgment; after the news, there may be another round of pullback.

Traps in the Community

When discussing trading plans in groups, those cryptocurrencies that are enthusiastically promoted often excite people but are likely to lead to losses. Especially those coins that are being heavily speculated on, it's wise to take profits and keep a cash position.

Uninteresting Cryptocurrencies

If you are not interested in the cryptocurrency recommended by group members, it may actually rise significantly. When you start to have doubts, you might as well try a small investment; it could bring unexpected surprises. For instance, BGB was recommended by group members at 0.4, and now it's directly at 4.4; at that time, it was really just a casual buy.

Hope these rules help you better understand the market trends in the crypto world and make wiser investment decisions. Good luck! #比特币走势分析 #加密市场回调 #ETH #合约交易