Key Points for Retail Investors in the Cryptocurrency Market, Sharing with Everyone!
1. Keep a Close Eye on Bitcoin Trends
In the cryptocurrency market, Bitcoin often leads the direction of price movements. While Ethereum can sometimes be strong and move independently, most altcoins are influenced by Bitcoin.
2. Pay Attention to the Relationship Between Bitcoin and USDT
Bitcoin and USDT often show inverse movements; when USDT rises, be cautious of Bitcoin falling, and when Bitcoin rises, it’s an opportunity to buy USDT.
3. Seize Early Morning Trading Opportunities
From 0:00 to 1:00 every day, there can be significant price spikes. Domestic investors can place low buy orders for their desired coins before sleeping and high sell orders; unexpected transactions may occur, allowing for easy profits.
4. Observe Morning Price Movements
From 6:00 to 8:00 every morning is a critical time to determine whether to buy or sell. If there is a continuous drop from 0:00 to 6:00 and it continues to fall, it’s advisable to buy or add to positions, with a higher chance of an increase that day; if it’s rising continuously, it’s better to sell, as there’s a high probability of a drop that day.
5. Pay Attention to Afternoon Volatility
Particular attention should be paid at 17:00, as due to time zone differences, American investors start trading, which may trigger price fluctuations, often leading to significant rises or falls at this time.
6. Be Cautious of “Black Friday”
There is a notion of “Black Friday” in the cryptocurrency market; while there can be significant drops on Fridays, there can also be large increases or sideways movements, so keep an eye on the news.
7. Be Patient with Falling Coins
If a coin with a certain trading volume is falling, don’t worry; holding patiently often allows for a return to break-even. This may take as short as 3 or 4 days, or as long as a month. If you have extra funds, you can replenish positions in batches to speed up your break-even. Unless it’s a garbage coin.
8. Stick to Long-Term Spot Trading
Engage in spot trading by holding the same coin long-term and trading less frequently; the returns are often greater than with frequent trading, it just depends on your patience.
9. Focus on External Influencing Factors
The cryptocurrency market is volatile and influenced by many factors, such as the stance of various countries on cryptocurrencies, negative news resulting in drops; U.S. financial policies; and opinions from industry leaders, such as comments from Musk. Stay updated with financial news.
10. Maintain a Good Trading Mindset
Having the right mindset in trading is crucial; don't panic during significant drops, and don't get complacent during large increases; securing profits is key. #比特币流动性危机
