The cognitive reconstruction of altcoin trading is as follows:
The key to altcoin trading is to understand the dynamics of Bitcoin. The price lows of BTC often foreshadow the lows of altcoins.
Therefore, bottom-fishing altcoins requires not only a basic understanding of the project, but also a close attention to the trend of BTC.
This involves two core elements: timing and coin selection.
Timing: Whether it is short-term swing operation or long-term ambush, the timing of bottom-fishing should be chosen when BTC is at a low point. Therefore, a deep understanding of BTC is indispensable.
Coin selection: When choosing altcoins, priority should be given to popular track projects with good liquidity and listed on large exchanges. These projects are preferably leaders in the altcoin track, with popular IPs and attractive hype narratives. In addition, there should also be some research on the role and influence of market makers.
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