Key Points for Retail Investors in the Cryptocurrency Market, Sharing with Everyone!
1. Keep an Eye on Bitcoin Trends
In the cryptocurrency market, Bitcoin often leads the direction of price movements. While Ethereum can sometimes be strong and show independent trends, most altcoins are influenced by Bitcoin.
2. Pay Attention to the Relationship Between Bitcoin and USDT
Bitcoin and USDT often move in opposite directions; when USDT rises, be wary of Bitcoin dropping, and when Bitcoin rises, it’s an opportunity to buy USDT.
3. Seize Early Morning Trading Opportunities
From 12 AM to 1 AM daily, there is often a spike phenomenon. Domestic cryptocurrency enthusiasts can place low buy orders for their desired coins before sleeping and high sell orders, potentially leading to unexpected profits.
4. Observe Morning Price Movements
From 6 AM to 8 AM daily is a key period for deciding whether to buy or sell. If there is a continuous drop from 12 AM to 6 AM, and it continues to drop, it’s advisable to buy or add to positions, expecting a rise later that day; if it has been continuously rising, it’s advisable to sell, as there’s a high probability of a drop later that day.
5. Monitor Afternoon Volatility
Particular attention should be paid at 5 PM, as due to time zone differences, American crypto enthusiasts begin trading, which can trigger price fluctuations, resulting in significant rises or falls at this time.
6. Beware of “Black Friday”
There is talk of “Black Friday” in the crypto world; while there can be significant drops on Fridays, there can also be substantial rises or sideways movements, so pay attention to news.
7. Pay Attention to External Influences
The cryptocurrency market is affected by multiple factors, such as the attitudes of different countries toward cryptocurrencies, which can lead to drops if negative; U.S. financial policies; and the views of prominent figures on cryptocurrencies, such as statements from Musk or Trump. Stay informed with financial news.
8. Maintain a Good Trading Mindset
Having the right mindset in trading is crucial; do not panic during significant drops, do not get arrogant during substantial rises, and secure profits as they come.
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