I use the simplest method for trading cryptocurrencies and will share several key points that are a must-read for traders.

1. Keep a close eye on Bitcoin's trend

In the crypto world, Bitcoin often leads the market's ups and downs. While Ethereum can sometimes perform independently, altcoins are mostly influenced by Bitcoin.

2. Pay attention to the relationship between Bitcoin and USDT

Bitcoin and USDT often move in opposite directions. When USDT rises, be cautious of Bitcoin's decline; when Bitcoin rises, it's an opportunity to buy USDT.

3. Seize trading opportunities in the early morning

From midnight to 1 AM daily, price spikes can easily occur. Domestic traders can set low buy orders for their desired coins before sleeping and high sell orders for potential surprise transactions, making profits easily.

4. Observe the morning's ups and downs

Every morning from 6 to 8 AM is a crucial time to decide whether to buy or sell. If the price has been falling from midnight to 6 AM and continues to drop, it's advisable to buy or add to positions for potential gains that day; if it's been rising, it's better to sell as the price is likely to drop that day.

5. Watch for afternoon price fluctuations

Particular attention is needed at 5 PM, as due to time zone differences, U.S. traders begin to operate, potentially triggering price fluctuations, with many sharp rises and falls occurring at this time.

6. Beware of "Black Friday"

There's a term for "Black Friday" in the crypto world. While there can be significant drops on Fridays, there can also be substantial rises or sideways movements. Keep an eye on the news.

7. Be patient with falling coins

If a coin with a certain trading volume falls, don't panic; holding it patiently can lead to a recovery. It may take as short as 3 or 4 days, or as long as a month. If you have extra funds, consider averaging down to expedite recovery, unless it's a worthless coin.

8. Stick to long-term spot trading

In spot trading, holding the same coin long-term and trading less often typically yields better returns than frequent trading. It all depends on your patience.

9. Pay attention to external influencing factors

The crypto market is volatile and influenced by multiple factors, such as countries' attitudes toward cryptocurrencies, negative sentiment leading to declines; U.S. financial policies; and the opinions of influential figures on cryptocurrencies, such as Elon Musk's statements. Stay informed with financial news.

10. Maintain a good trading mindset

Having the right mindset for trading is crucial; don’t panic during significant drops, and don’t be arrogant during substantial gains. Secure your profits.