How can beginners accumulate their first million in the crypto market? Key 8 steps!
How can beginners accumulate their first million in the crypto market? Key 8 steps!
Many newcomers want to make big money in the crypto market, but the high volatility of the market can leave them confused. In fact, accumulating your first pot of gold in the crypto market doesn't require complex operations. The following 8 key steps can help you gradually achieve wealth growth.
1. Choose the right track: Start with mainstream coins.
If you're a beginner, it's recommended to start with Bitcoin (BTC) and Ethereum (ETH). • Bitcoin is the cornerstone of the entire crypto market and still has significant growth potential in the long run. • Ethereum, as the leader in smart contracts, is relied upon by almost all DeFi and NFT projects for its ecosystem development.
How can beginners accumulate their first million in the crypto market? Key 8 steps!
How can beginners accumulate their first million in the crypto market? Key 8 steps!
Many newcomers want to make big money in the crypto market, but the high volatility of the market can leave them confused. In fact, accumulating your first pot of gold in the crypto market doesn't require complex operations. The following 8 key steps can help you gradually achieve wealth growth.
1. Choose the right track: Start with mainstream coins.
If you're a beginner, it's recommended to start with Bitcoin (BTC) and Ethereum (ETH). • Bitcoin is the cornerstone of the entire crypto market and still has significant growth potential in the long run. • Ethereum, as the leader in smart contracts, is relied upon by almost all DeFi and NFT projects for its ecosystem development.
GM2025318【Migo Chinese Community】Market Trend Analysis 3.15 Market correction builds a bottom, it's a good time to go long at low positions! The current market has experienced wide fluctuations and is now welcoming an upward breakout, followed by a retest to solidify support, and the overall upward momentum is still expected to continue. Bearish momentum is weakening, the market has completed its stop decline, and is gradually recovering and pushing upward. From a shorter cycle perspective, although there has been a retracement, it has not broken through key support, and the overall trend remains strong, maintaining a pattern of oscillating upward. The short-term pullback after the rise has not formed a deep correction, indicating that bulls still dominate. Based on this, today's trading strategy is primarily focused on going long at low positions. Operational Suggestion: You can position long orders in the range of 83600-83200, targeting 84800-85300. #你看好哪一个山寨币ETF将通过? #加密市场反弹 #美国数字资产储备 $BTC $ETH $XRP
Summary of Ten Years in the Crypto World: Eight Iron Rules, A Must-Read for Newcomers!
If you want to establish yourself in the crypto world, in addition to closely monitoring the market, you must also master the trading iron rules. Today, I summarize eight pieces of experience to help you avoid detours and improve your winning rate!
1. Set the tone in the morning, make decisions calmly
Morning is the time when market sentiment is most genuine. If there is a sharp drop right at the opening, don’t panic; it might be a good opportunity to buy the dip. Conversely, if there is a continuous surge, don’t be greedy; take your profits and secure your gains.
2. Afternoon market is half real, half fake; proceed with caution
If there is a sudden surge in the afternoon, don’t impulsively chase the highs; it may be a fleeting trap to lure buyers. If there is a drop, don’t rush to catch the falling knife; observe for a night, as the next day's low often offers better value.
3. Don’t panic during a downturn, don’t be anxious during consolidation
If you wake up in the morning to see prices plummeting, don’t rush to cut your losses; market fluctuations are inherently severe, be patient and wait for recovery. If the market is stagnant, take a break and wait for a breakout signal before acting.
4. Strictly adhere to buying and selling discipline, don’t be led by the market
If the price hasn’t reached your psychological target, don’t trade lightly. If it doesn’t rise to your expectations, don’t sell easily; if it doesn’t fall to support, don’t rush to enter. During the consolidation phase, it’s even more important to stay steady; when the direction is unclear, trading is equivalent to gambling.
5. Make good use of candlestick signals, operate in the trend
Buying on bearish candles and selling on bullish candles is a classic strategy. A bearish candle indicates a price correction, providing a chance to buy low; a bullish candle signifies a short-term rising trend, selling in batches is more prudent.
6. Think contrarily, avoid emotional trading
Stay calm during market euphoria; be brave to enter during panic selling. Often when others are greedy, you should be cautious; when others are fearful, you should be bold; this is the mindset of a skilled trader.
7. The consolidation period is the most torturous, but patience leads to victory
Long periods of price stagnation test human nature the most; don’t be swayed by market emotions. Wait until the trend is clear before taking action; don’t make mistakes in hesitation.
8. After a surge, be bold to cash out
If prices have been hovering at high levels for a long time and surge again, it is often the last frenzy. At this time, you must decisively sell to truly secure your profits; otherwise, you might easily lose everything.
Summary
The crypto world is full of opportunities, but it also tests your mentality and strategy. Master these eight iron rules, avoid blindly chasing highs and killing dips, and your trading journey can go much further! #CPI数据来袭 #掌握市场 #加密市场反弹 $BTC
The morning market once dipped below the 80000 level, but the bearish momentum has since eased, leading to a technical rebound for bulls. However, overall, this is merely a brief correction after a deep adjustment and does not change the overall trend. Currently, the coin price has rebounded to around 82000, with Ethereum similarly following BTC's trend, quickly recovering after falling below 2000 this morning, and has now returned to the 2060 line. Nevertheless, the market is still in a correction phase, preparing for potential further declines.
From a technical perspective, the daily level closed with a large bearish candlestick yesterday, with a slight rebound at the end of the trading session, indicating that the market has entered a repair phase after a sharp decline, but the overall intention for correction remains quite clear. As Hui Ge said, the market does not have a one-sided trend, and short-term corrections will not change our judgment on the overall downward trend. On the four-hour level, the coin price is still in a three-wave downward structure, and the current fourth wave downward trend is still building momentum; the short-term rebound is merely a technical correction, and the overall pattern remains a bottom oscillation. The three lines of the Bollinger Bands are extending downward, and if we are to see a change in the trend, we need to pay attention to whether the K line can break through the middle track resistance to initiate further repair of the market. Therefore, the intraday strategy remains primarily focused on short positions. #加密市场回调 #白宫首届加密货币峰会 $BTC $ETH
New investors, pay attention! How to interpret support and resistance?
Recently, I've seen many new investors entering the market, not even knowing the basics of support and resistance, only chasing highs and cutting losses. Today, I will educate everyone on this topic. But before that, let's get the mindset right: there is no guaranteed way to make money in the market, technical analysis is just a supportive tool. What truly determines your success or failure is risk management and trading discipline. Don't think you can get rich by just drawing a few lines; the market is not that simple. Understood?
What exactly are support and resistance?
Support level: When the price drops to a certain area, more buyers come in, increasing buying pressure, which stops the price from falling further and may even trigger a rebound.
Resistance level: When the price rises to a certain area, more sellers come in, increasing selling pressure, which stops the price from rising further and may even lead to a price drop.
However, support and resistance are not fixed; they can be broken and may switch roles.
✅ Breaking through support: For example, if the price drops below 15 yuan, it indicates that buying pressure cannot hold, and the original support level may turn into a new resistance level. If the price later rebounds to 15 yuan, it may encounter selling pressure.
✅ Breaking through resistance: For example, if the price breaks above 25 yuan, it indicates strong buying pressure. The original resistance level may turn into a new support level. If the price later pulls back to 25 yuan, there may be buying support.
How to trade using support and resistance?
You can use support and resistance as trading references, but don't fixate on a single line.
✅ Buy low at support: When the price approaches the support level and you see signs of stabilization, such as a rebound on increased volume, you can consider buying low. ❌ Recklessly chasing resistance: When the price reaches a resistance level, blindly chasing higher prices can likely lead to getting trapped. ✅ Buy on breakthrough: If the price breaks through the resistance level on increased volume, it may be a signal to rise. You can consider following the trend. ❌ Holding on without stop-loss: Once support is effectively broken, you should stop-loss as necessary. Don't fantasize that the main forces will pull you back.
Support and resistance are not all-powerful; trading should have a big-picture perspective.
Just looking at support and resistance is not enough; you also need to consider factors like trading volume, trends, and market sentiment. More importantly, control your hands and avoid impulsive trading!
Before entering the market, ask yourself: ✅ Have I controlled the risks? ✅ Have I set my stop-loss? ✅ Is my trading logic clear?
There will always be people making money in the market.
Trading coins for profit does not require complex operations! This method can be learned by elementary school students.
Trading coins for profit does not require complex operations! This method can be learned by elementary school students.
I have paid over a million in tuition fees to understand: trading coins for profit does not require complex operations! This method can be learned by elementary school students; follow it to outperform 90% of other traders.
1. Tips for Selecting Coins (Avoid 99% of Pitfalls) Look for recently strong coins, filter for "top 50 gainers in the last 11 days," but if you see a coin that has dropped for 3 consecutive days, immediately disregard it! This could be a trap set by the market makers to sell at a high. For monthly analysis, check the monthly chart and focus on coins that show a "golden finger" signal—when the two MACD lines cross upwards at the bottom, it’s highly likely that the coin will start a big rally. For daily analysis, closely observe the daily chart and monitor the 60-day moving average. When the coin price retraces to this line and a large bullish candle appears (trading volume is over 1.2 times the average of the past 5 days), it is the best buying point.
GM202531【Migo Chinese Community】Market Trend Analysis Level View
The downward wave trend during the day yesterday was indeed quite noticeable, and then the market entered a repair phase. From the current market situation, the price has been running above 85500. In the short term, the three consecutive bullish candles and the V-shaped reversal, along with the bullish signals from KDJ and MACD, really show the potential for continued upward fluctuation and a repair trend.
However, due to generally low trading volume over the weekend, the market is prone to manipulation, making significant surges or sharp declines relatively unlikely. It is more likely to be a gradual repair trend. Pay attention to the short-term resistance levels at 88000-89000 above. The support below can be seen in the 84000-83000 area, and if it breaks below, it may test the support strength of the 80000 area again. #美国加征关税 #比特币价格走势分析 #美联储降息预期 $BTC $ETH
GM2025228【Migo Chinese Community】Market Trend Analysis Continues to Be Bearish!
On Friday, the bears were in full swing, and the market showed a phenomenon of 'when the wall falls, everyone pushes'! Continuing to look lower at 73500, the bearish trend continues!
This week, the market has been very volatile, and the trend has become clear, almost completely fulfilling previous expectations. The open positions started short at 99000, and then the targets of 93000, 89000, and 79000 have all been achieved step by step. I must say, this round of decline has really allowed many people to make a fortune, achieving 'a villa by the sea' in the first month of the New Year, I am truly grateful for this wave of market!
Today, the market clearly broke down, and the bears should be in a state where they can profit easily with their eyes closed. As long as you short, you can basically make a profit without loss. Regarding the subsequent rhythm, it still revolves around bearish selling to open positions.
The market has not hit the bottom yet, and it is unclear where the bottom is. Buying pressure is weak, sentiment is low, and the overall market atmosphere is quiet, making a rapid rebound difficult. At this time, short-term trading is particularly important.
The current resistance level is at 83500, with support at 76500 and 73800. The market has already dropped in the early session; if sentiment does not continue in the afternoon, the rebound strength will not be too great. Don’t expect particularly good entry points; if you are shorting, it is recommended to open a light position directly, as a profit of over 1500 points should be relatively easy to achieve.
Specific advice: You can short in the 80800-81500 area, looking lower at the 76500 area. The possibility of a significant drop is very high, and a drop of 10,000 points today is entirely possible.
As for Ethereum, it will soon reach 2000 USD. You can appropriately reduce positions in the previous wave and wait for the target area to arrive. #美国加征关税 #比特币价格走势分析 #美联储降息预期 $BTC $ETH
GM2025227【Migo Chinese Community】Market Trend Insights!
Yesterday I saw Bitcoin surge to 82,000 and although I wanted to enter the market, I ultimately held back. If I miss this opportunity, I can accept it. After all, I still haven't seen the kind of significant upward movement or strong bullish candles from major players entering the market. Each price fluctuation is very slow, whether it's a drop or a rise, it seems to lack strength, which makes me a bit hesitant. I would rather miss out than enter at a high position.
The current market is indeed hard to navigate, the fear index has dropped to 10, which I believe is the lowest point I remember. If we look at this fear index, theoretically, it indicates that we are at the bottom of the crypto market. However, not many people have exited during this downturn; many are holding strong at low positions. While I don't want to delve into conspiracy theories, I can't shake the feeling that something feels off.
The ETF has seen net outflows for three consecutive days, with yesterday's single-day net outflow hitting a historical high. Whether there will be continued outflows today is unpredictable. If this rebound can produce a strong bullish candle, I would feel more at ease. But without that, I remain uncertain.
As for altcoins, the so-called "market support" and "strength"—is it the real market trend, or is it an attempt to distribute chips to retail investors during Bitcoin's weakness? No one can say for sure. In the current price range, the cost-effectiveness of shorting is low, and I fear entering a long position incorrectly, feeling as though I'm halfway up the mountain.
This reminds me of the market from June to early July 2024, first a volatile rebound, then a deep drop, followed by a rise, with the entire process dragging on for almost a month, ultimately ending with a significant drop. I find it hard to believe the market would be that simple, with everyone successfully bottom-fishing and then experiencing a direct surge. After all, if everyone is buying at the bottom, who will be on the opposite side of the trade? So I've decided to wait a bit longer, until March 1, to see the unlocking situation of Sol. If there are no obvious sell-offs by then, I will wait until next Monday to look for an opportunity to enter. If I miss it, then I can only accept it. #比特币价格走势分析 #美联储降息预期 #Strategy增持比特币 $BTC $ETH
The market is truly astonishing; the big cake dropped significantly yesterday, plummeting from 96,000 points to 86,000 points, a full 10,000-point decline, which is quite alarming. The market's fluctuations are so intense that it's no wonder countless people have suffered heavy losses during this adjustment phase. Just as we predicted, the peak at 99,288! The current market trend has already shown a clear downward trajectory, and after the correction, it will still face new downward pressure. The cryptocurrency market is like this; while it tortures people, it can also bring opportunities, but the key is to accurately grasp the trend.
From an overall technical perspective, the price trend resembles an uncontrollable waterfall, almost cascading down closely along the lower Bollinger Band, showing no signs of bottoming out or stopping. The opening range of the Bollinger Band has reached its limit, and there are no signs of contraction, which undoubtedly signals a strong bearish trend; the market is likely to continue adjusting downward. The current market rhythm is distinct; each rebound seems hopeful but is actually just accumulating momentum for the next larger correction. Therefore, continue to maintain a bearish outlook, and expect a downward trend in the short term.
GM2025225 [Migo Chinese Community] Market Trend Analysis
Today's market is still clear and straightforward. Following the sharp drop in the early hours of Tuesday, today's operation idea is to go short first and then long. The overall market environment provides a clear direction. If the execution is in place, the opportunity to make a profit is there.
There are several main points of concern: 1. The overnight decline continued, forming a negative line, and continued to break in the early trading. In the case of a sharp drop, the focus should be on the reaction of the European session. If the European session fails to break through the previous high or pressure zone, the trend is still weak. Once it breaks through, it may continue to maintain a volatile rhythm.
2. Pay attention to the 93,300 area. This previous pressure level has now become a support. If the European session does not fall below this level, the trend will still be weak. The early low of 90,900 is also a key support, and the subsequent support is around 89,000.
Today's operation: After the sharp drop in the early trading, there may be a rebound in the afternoon. It is recommended to consider going long near 91,000, and when the price rebounds to around 93,000, you can go short. If it returns to around 91,000, consider long orders. There may not be a sharp drop today, and the market is more likely to fluctuate and adjust. #加密市场回调 #ETH走势分析 #钱包安全 $BTC $ETH
GM2025224 [Migo Chinese Community] Market Trend Analysis Last weekend, the market performance was relatively stable and the fluctuation was not large. The market once surged to 99,500 in the early trading, but soon turned downward under strong selling pressure and entered the stage of shock consolidation, always fluctuating slightly around 96,000. Although the operation process seems calm, Migo's income is quite considerable, showing our accurate market judgment.
Overall, the current market is in a critical stage of shock repair, and price fluctuations are mainly concentrated in the middle and lower track areas, and the overall trend is a bit anxious. In technical analysis, the support level of 94,500 below is very clear, like a solid line of defense. If this point is not broken, the market may launch a rebound, and the target can be seen at 98,600. In this process, the middle track position of 96,600 is particularly important. Once this position is broken, the subsequent market trend will become clearer. Whether it is the upward space expansion or the continuation of the downward trend, it will depend on the breakthrough of this key point. Therefore, the next operation must pay special attention to the changes in this price.
The midnight Bitcoin trend aligns with expectations, first pulling back to around 95300 before rebounding and oscillating upward. This morning, it peaked at the 97500 line, and the back-and-forth fluctuations provided thousands of points of trading space. The short-term pullback and consolidation demand indicated last night has been validated, and yesterday's bullish outlook was realized with profit taking! Last night's live session secured a steady 2600 points.
From the current market view, after the midnight pullback and consolidation, the market is testing the 97000 threshold again, with signs of stabilization already present. The four-hour level shows that after the midnight minor adjustment, the bulls are making another effort this morning, trying to break through the upper resistance. Although it hasn't succeeded yet, a breakout is just a matter of time. Combined with potential news support in the evening, market expectations for volatility will further expand. Overall, the market remains in a bullish trend, and the strategy still focuses on accumulating longs at lower levels.
Trading Suggestions:
• Bitcoin (BTC): Build long positions in the 96500~96800 area, targeting 98500.
From January 1, 2024, to now, the Bitcoin market has experienced a significant leap from $40,000 to $100,000, with dazzling performance. Two key points in the year are noteworthy: February-March and November-December.
February-March: Continuous Explosion, Market Soars In February to March, Bitcoin welcomed a strong rise, with prices climbing to $70,000. The bullish forces strongly pushed the market up by $30,000. From the data, February saw an astonishing increase of 44%, becoming the best-performing month of the year.
April-May: Fluctuating Adjustment, Panic Drop from June to August Entering April to May, the market gradually transitioned into a fluctuating adjustment period. From June to August, Bitcoin experienced severe volatility, and market panic escalated, with prices almost nearing the $40,000 threshold, raising concerns. However, it ultimately stabilized at $48,906, laying the foundation for the subsequent recovery.
September-October: Warm Recovery, Fluctuating Upward Entering September to October, the Bitcoin market gradually warmed up, slowly rising amidst fluctuations. With the return of bullish confidence, the market began to gather strength, preparing for an end-of-year explosion.
November-December: Historic Moment of Breaking $100,000 In November, with Trump's victory in the U.S. presidential election, his friendly attitude and policy expectations towards cryptocurrencies injected strong momentum into the market, leading to a significant rise in Bitcoin prices. In December, Bitcoin finally broke through the historic threshold of $100,000, reaching a peak of $108,416. This increase not only brought market sentiment to a climax but also marked a new milestone for Bitcoin.
Annual Summary and Future Outlook In 2024, Bitcoin's annual increase reached 150%, and the two key “$30,000” increases directly propelled prices past six figures, establishing its dominant position as a mainstream asset. In the global asset market capitalization rankings, Bitcoin successfully entered the top ten, ranking seventh. This achievement reflects the growing importance and recognition of cryptocurrencies in global assets. Bitcoin's scarcity and unique design suggest that its value potential is limitless in the future.
Bitcoin market on Christmas Eve: Reflections on the short-term sharp fluctuations
Under the night sky of Christmas Eve, the Bitcoin market experienced an unexpected sharp fluctuation. In a short period of time, the price of Bitcoin quickly rose from a low level, soaring all the way to the $6,000 mark, approaching the psychological barrier of $100,000. This sudden rise swept the entire market like a storm, driving many digital currencies including altcoins to rise together.
However, behind this apparent prosperity, there are more complexities. Although there are speculations in the market about the coming of the "altcoin season", the facts are not so simple.
As Bitcoin rose rapidly, market sentiment was once high, but the market changed rapidly, and Bitcoin soon began to retreat, and the altcoins that followed its rise also fell rapidly, and the price fell like a tide.
Judging from the current market structure, if Bitcoin and Ethereum, the two major mainstream digital currencies, continue to show a pullback trend, then the so-called "altcoin season" may be difficult to come.
In the entire cryptocurrency ecosystem, the trends of Bitcoin and Ethereum have a profound impact on the market. Their pullbacks will directly affect the capital flow and investor confidence in the market, which will cause the altcoins to encounter pullback pressure and thus fail to usher in the moment of explosion.
Although the current market trend is unpredictable, I still firmly believe that the altcoin season will eventually come, but it will take time to settle and the market to adjust. This belief keeps me sober and independent in my investment decisions, and I don't blindly follow the trend.
To this day, I still insist on holding my altcoin positions, and I will increase my positions in a timely manner according to market changes in the near future. In the ever-changing cryptocurrency market, only by maintaining a deep understanding and independent judgment of the market can we seize opportunities in future market fluctuations and achieve ideal returns. #比特币战略储备 $BTC $ETH #比特币市场波动观察 #加密市场盘整
The big pancake is about 2,000 points away from 100,000, everyone is witnessing history once again! Let's take another look at the second brother Ethereum's poor performance; after Ethereum's decline, it has been oscillating and building momentum for a week. Once the big pancake stabilizes, Ethereum is very likely to experience a surge! Subsequently, altcoins and mainstream coins will also attract a wave of rally, so be patient and wait!
Is it a bull market just for the big pancake? Not necessarily; in a good environment, whether you're a person or a dog, you can take off! When the opportunity arises, even pigs can take off. Hesitation leads to defeat; waiting and observing equals missing out! How many people are watching the rise with their eyes wide open but their accounts aren't growing? If not now, then when? Let's enjoy the benefits of this era together with Mi Ge! #Finance# #CryptoCircle#BTC再创新高97k #BTC何时突破10万? #市场围绕90K $BTC $ETH
The market trend over the weekend was not very big. It was sideways for half a day yesterday. It rose slightly this morning and then fell back. It fluctuated downward all day. It has almost reached the low point. The idea at night is still to look at it from a low point. #DODO助力Meme发行 #币安上线CATI #加密市场反弹 #美联储宣布降息50个基点 #特朗普首次使用BTC $BTC $ETH
Seeing that the market was calm all day on Saturday, after touching the support of 62500 last night, there was a stretch in the early morning, and the highest was around 62360. At midnight, the long position was directly closed at 700-55 points and left the market. In the afternoon, the market seemed to be controlled. There was really no chance for a 200-point fluctuation. #DODO助力Meme发行 #美联储宣布降息50个基点 #加密市场反弹 #币安上线CATI #特朗普首次使用BTC $BTC $ETH
Put down your mobile phone and computer and have a good rest and accompany your family. When the market moves, seize the opportunity to make more orders. The market trades 24 hours a day, 365 days a year, and you can adjust it yourself. Don't make orders just for the sake of making orders and make yourself too tired.
As the overall market continues to consolidate, we need to pay more attention to the 64000-65000 position. If it wants to break, it will be a big positive column of more than 2000 points. The specific arrangements will be made based on the market conditions at that time.
The market started to move in a straight line on Saturday afternoon? The fluctuation within 200 points is indeed too small. What we can do now is to wait for opportunities. The idea is to look at it from a low point to a high point. #币安上线CATI #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC $BTC $ETH