Starting with a few words: Don't just look at the candlestick charts; news is what really matters!
Brothers trading cryptocurrencies must have experienced this, right? The market can collapse or surge unexpectedly. Do you think just watching the candlestick charts can guarantee profit? Too naive! The real 'behind-the-scenes manipulator' controlling price fluctuations is the news; pay attention to these 6 major types of news – any slight change can double your account or cut it in half! Knowing how to use them is the key to cryptocurrency trading!
1. Policy Shift: Just one sentence can cause the market to crash.
National-Level Ban: For example, if China suddenly bans exchanges nationwide, Bitcoin could drop 20% in a day; if the US approves a Bitcoin ETF, it could skyrocket in no time!
Tax Sledgehammer: India implemented a 30% tax on cryptocurrency trading last year, halving the trading volume, and big players withdrew their assets overnight.
Lifeline Mantra: Wake up every day and first check the policy news from various countries; the policy section on CoinDesk is a must-read!
2. Bombshell: Specifically targets the greedy.
Exchange Run: When FTX collapsed, how many people woke up to find their accounts at zero? Bitcoin plummeted 30% in a week, more thrilling than a bungee jump!
Hacker Shenanigans: Poly Network was hacked for 600 million dollars, causing the entire cross-chain sector to suffer, and tokens collectively plummeted.
Avoidance Strategy: Don't leave over 100,000 USDT on exchanges! Keep cold wallets separate, and don't put all your eggs in one basket!
3. Technological Upgrade: You either get rich quick or get liquidated.
Hardcore Upgrade: Ethereum's 'merge' to environmentally friendly mode caused ETH to surge 40% in a month, those who anticipated it made a fortune!
Fork Wars: Back in the day, Bitcoin's split created BCH, leading to chaos in the community and erratic price movements.
Operation Mantra: Build positions one month before major upgrades, and run immediately on the day good news is announced!
4. Fed Shenanigans: Global retail investors feel the pain together.
Interest Rate Storm: The Americans are crazily raising interest rates, and Bitcoin along with US stocks have plummeted. Now these two are like conjoined twins!
Stablecoin Underflow: If USDT suddenly increases its supply by 1 billion, it’s a definite bull market signal; but if there are issues with reserves, quickly switch to USDC to protect yourself!
Hedging Strategy: During interest rate cycles, don’t be stubborn; hold onto some stablecoins and keep some gold as backup.
5. Big Player Moves: Follow the whales for insights.
Whale Dump: If you see a certain address transferring tens of thousands of Bitcoins to an exchange, run fast! This is clearly a sign of harvesting retail investors!
Institutional Platform: MicroStrategy is hoarding Bitcoin, now with a floating profit of 6 billion dollars. This news is more effective than any advertisement.
Market Tracking Tool: Install Glassnode to specifically track whale wallets; when they move, you follow!
6. Ecological Explosion: In the new trend, even pigs can fly.
Breaking Circle Applications: Technologies that can actually be used, like PayPal supporting Bitcoin payments, are the real long-term benefits!
Airdrop Carnival: Back in the day, Uniswap gave away red envelopes, with an average of 12,000 dollars per person. Keep an eye on Discord groups for such good fortune!
Ambush Strategy: Focus on public chains with skyrocketing user numbers, like Solana and Avalanche, these are potential stocks.
Lastly, let me say something straightforward.
There are no eternal gods in the crypto world, only those who can read the news. It's recommended to use TradingView for market tracking, combined with Nansen for on-chain data, and monitor policies, technologies, and funds together. Remember: surviving longer is the hard truth; don't go all in, don’t use leverage; only those who can wait will reap the next wave of benefits!
