1. Skillfully use the morning market: In the early morning, the sentiment in the cryptocurrency market is the purest. If the price plunges significantly, don't panic; this might be a good opportunity to pick up bargains at a low price. If the morning sees a strong upward trend, don't be greedy; take the opportunity to lock in profits.
2. Grasp the afternoon strategy: If there's a sudden spike in the afternoon, don't be swept away by the excitement and chase in; most of the time it's just a false fire, and entering at a high position is risky. Conversely, if there’s a downturn in the afternoon, keep your cool and observe for a while; often, you can find a low point the next day to enter the market and gain low-priced chips.
3. Maintain a stable mindset during downturns: If you wake up in the morning to see the cryptocurrency price declining, don't rush to cut your losses. The market changes rapidly, and early morning fluctuations are often a 'smoke and mirrors' trick; if the market is stagnant and calm, don't be anxious; take a break to recharge and wait for opportunities.
4. Strictly adhere to trading principles: If the cryptocurrencies in your hand haven't reached your expected high point, don't sell easily; making a small profit is still a loss. If the price hasn't dropped to your psychological price point, refrain from rashly entering the market to avoid catching the bottom halfway up the mountain; during a sideways phase, when the trend is chaotic and direction is unclear, trading at this time is undoubtedly like a blind man trying to feel an elephant—it's better to observe from the sidelines.
5. Operate based on candlestick patterns: Enter on bearish candles and exit on bullish candles; this is a classic strategy. A bearish candle indicates price correction and cheaper chips, making it a good time to enter; a bullish candle signifies a short-term upward trend, and it's wise to take profits at a high point.
3. Breakthrough with reverse thinking: To stand out in the cryptocurrency world, sometimes you have to think differently. When everyone is fervently buying, stay a bit more calm; when everyone is panic selling, be a bit bolder, dare to operate in the opposite direction, and you may find unique opportunities for wealth outside the mainstream trend.
7. Endure the agony of consolidation: When prices are consolidating at high or low levels for a long time, it can be very trying. At this time, do not be swept away by anxiety and act rashly; be patient and wait for the trend to become clear—whether it is an upward attack or a downward probe—before launching a full-scale attack.
8. Seize the final surge: After a prolonged period of sideways movement at a high level, once it starts to surge again, don't hesitate; this is likely the final frenzy. Sell in time to secure your profits, otherwise it may slip away, and the cooked duck will fly away.
These are my insights from many years in the cryptocurrency world; beginners can take five minutes to look them over.
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