Keep a close eye on Bitcoin trends
Bitcoin is the barometer of the cryptocurrency market, and its rise and fall often determines the direction of the entire market. Although Ethereum can sometimes perform independently, most altcoins still follow Bitcoin.
Note the relationship between Bitcoin and USDT
Bitcoin and USDT usually move in opposite directions. When USDT rises, Bitcoin may fall; when Bitcoin rises, USDT may fall. Therefore, be cautious when USDT rises, and consider buying USDT when Bitcoin rises.
Seize the trading opportunity in the early morning
From 12 AM to 1 AM every day, the market tends to exhibit spike phenomena. You can place a low buy order and a high sell order before going to bed, and you might wake up to a pleasant surprise in your transactions, making a profit easily.
Observe the rise and fall trends in the early morning
From 6 AM to 8 AM every day is a good time to determine buying and selling. If it has been declining until 6 AM and continues to decline in the morning, consider buying or adding to your position as it is likely to rise that day; if it has been rising until 6 AM and continues to rise in the morning, consider selling as it is likely to fall that day.
Watch for fluctuations in the afternoon
Pay special attention at 5 PM, as U.S. traders start to operate, which may cause market fluctuations. Many significant rises and falls occur during this period.
Be cautious of 'Black Friday'
There is a saying of 'Black Friday' in the cryptocurrency circle. Although Fridays sometimes see significant declines, there can also be significant rises or sideways movements. Pay more attention to news and respond flexibly.
Be patient with declining cryptocurrencies
If a cryptocurrency with a certain trading volume declines, don't panic. Hold on patiently, as it usually rebounds within a few days to a month. If you have extra money, you can buy in batches to speed up the recovery process. Of course, exclude junk coins.
Stick to long-term spot trading
In spot trading, holding long-term is easier for making profits than frequent trading. The key is to be patient and not always think about short-term operations.
Pay attention to external influencing factors
The volatility in the cryptocurrency market is influenced by many external factors, such as various countries' policies on cryptocurrencies, U.S. financial policies (like the wealthy tax), and the statements of influential figures (like Elon Musk). Pay attention to financial news regularly to stay sensitive.
Maintain a good mindset
The most important aspect of trading cryptocurrencies is the mindset. Don't panic during major declines, and don't get carried away during significant rises; the money you earn is the real deal. Don't be greedy, and don't let emotions sway you.#美国加密战略储备 #加密市场反弹
