The most important aspect in the cryptocurrency market is to maintain a good mindset; technical skills are secondary!
1. In most cases, Bitcoin is the leader of price fluctuations in the cryptocurrency market. Strong Ethereum tokens may occasionally deviate from Bitcoin's influence to trend independently, but altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions. If you notice that USDT is rising, be wary of a drop in Bitcoin. When Bitcoin is rising, it is the right time to buy USDT.
3. Between midnight and 1 AM, price spikes are common, so domestic traders can try to place their desired buy orders at a low price before going to bed, and place their sell orders at a high price; you might just get filled while you sleep.
4. Every morning between 6-8 AM is a key time to determine whether to buy or sell, and also to gauge the day's price movement. If the price has been falling from midnight to 6 AM, and continues to fall during that time, it is a buying or averaging down opportunity; the price will likely rise for the day. Conversely, if the price has been rising from midnight to 6 AM and continues to rise, it is a selling opportunity; the price will likely drop for the day.
5. 5 PM is an important time to watch for rumors in the community; due to time zone differences, American traders have gotten up and may trigger price fluctuations. There have indeed been significant rises or drops at this time, so be particularly cautious.
6. There is a saying in the cryptocurrency community about 'Black Friday.' There have been instances of significant drops coinciding with Fridays, but there have also been big rises or sideways movements; it's not particularly reliable, just pay a little attention to the news.
7. If a cryptocurrency with a certain trading volume guarantee drops, don't worry; patiently holding will definitely recover your investment. It could take as short as 3 or 4 days, or as long as a month. If you have extra USDT, buy in batches to lower the price; this will speed up your recovery. If you don't have extra cash, just wait; you won't be disappointed, unless you really bought a worthless coin.
8. For spot trading, holding the same cryptocurrency for the long term yields greater returns than frequent trading; it all depends on whether you have the patience to hold.
Ultimately, the difficulty in making profits lies not in strategy but in execution. 'When the price of a cryptocurrency has been below the 30-day moving average for three consecutive days, you must decisively liquidate your holdings; do not hold on to any illusions.' This one sentence has eliminated 80% of people.
