I spent nearly 10 years growing my personal account from 300,000 to 1,000,000, but once I hit 1,000,000, it felt like a breakthrough, and I shot straight up to 40,000,000. Today, I'm sharing a few key insights worth 60,000,000, hoping to help you.
1. Keep a close eye on Bitcoin trends
In the cryptocurrency market, Bitcoin often leads the rise and fall. Ethereum can occasionally act independently, but most altcoins are influenced by $BTC.
2. Pay attention to the relationship between Bitcoin and USDT
Bitcoin and USDT often move inversely. When USDT rises, be cautious of a drop in Bitcoin. When Bitcoin rises, it’s a good time to buy USDT.
3. Seize trading opportunities in the early morning
From 12 AM to 1 AM every day, there are often price spikes. Domestic traders can set low buy prices for desired coins and high sell prices before going to bed, potentially leading to profitable trades.
4. Observe the morning trend
Every morning from 6 AM to 8 AM is a crucial period for deciding whether to buy or sell. If it has been dropping from 12 AM to 6 AM, and continues to drop, it's advisable to buy or add to your position; if it has been rising, it’s better to sell as it will likely drop that day.
5. Pay attention to afternoon volatility
Pay special attention at 5 PM because of the time difference; U.S. traders start their operations, which may cause price fluctuations. Many significant rises and drops happen during this time.
6. Beware of 'Black Friday'
In the cryptocurrency world, there is talk of 'Black Friday'. Although there are significant drops on Fridays, there can also be major increases or sideways movements. Just pay attention to the news.
7. Be patient with declining coins
If a coin with a certain trading volume declines, don't worry. Holding it patiently can help recoup your investment. It could take as short as 3 or 4 days, or as long as a month. If you have extra money, you can buy in batches to speed up your recovery, unless it's a junk coin.
8. Stick to long-term spot trading
In spot trading, holding the same coin long-term and trading less often usually yields better returns than frequent trading, it just depends on your patience.
9. Pay attention to external influencing factors
The cryptocurrency market is influenced by multiple factors, such as various countries' attitudes toward cryptocurrencies, which can lead to drops if negative; U.S. financial policies; and opinions from influential figures like Musk. Stay tuned to financial news.
10. Maintain a good mindset for trading
Having the right mindset for trading is crucial. Don't panic during major drops, and don't get arrogant during major increases. Locking in profits is key.
$BTC $ETH
If you want to catch this bull market, it's definitely too late to learn and sell on the spot. It's best to have someone guide you quickly.
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I am a veteran in the cryptocurrency world with many years of experience. Click on my profile, follow me, and I will share my experiences with my followers daily to help them succeed.