1. In most cases, Bitcoin is the leader of price movements in the cryptocurrency market. The strong performance of Ethereum may sometimes deviate from Bitcoin's influence and show a unilateral trend, while altcoins generally cannot escape its influence.
2. Bitcoin and USDT move in opposite directions. If USDT goes up, be cautious of Bitcoin going down; when Bitcoin rises, it is a suitable time to buy USDT.
3. Between 12 AM and 1 AM, 'spike' phenomena are likely to occur. Therefore, domestic cryptocurrency enthusiasts can set a buy price for their favorite coins as low as possible before going to sleep and set a sell price as high as possible. You might just make a profit while lying down.
4. Every morning between 6 AM and 8 AM is a time to judge whether to buy or sell, as well as to determine the price movement for the day. If the price has been falling from 12 AM to 6 AM, and it continues to fall during this period, it is a good time to buy or add to positions, and it is likely to rise for the day. Conversely, if the price has been rising from 12 AM to 6 AM, and it continues to rise, it is a good time to sell, and it will likely fall for the day.
5. 5 PM is an important time point for rumors in the cryptocurrency world. Due to time zone differences, friends in the US are waking up and starting to work, which may cause fluctuations in cryptocurrency prices. Some significant rises or falls have indeed occurred at this time, so it is necessary to pay special attention.
6. There is a saying in the state-owned media about 'Black Friday+', and there have been instances of significant drops on Fridays, but there have also been cases of significant rises or sideways movements. This is not particularly reliable, so just pay a little attention to the news.
7. If there is a certain trading volume guarantee and the price drops, there is no need to worry. If you hold on patiently, you will definitely break even, whether in 3-4 days or a month. If you have extra USDT, you can average down by buying in batches to lower the price, which will help you break even faster. If you don't have spare cash, just wait; it won't let you down. Unless you really bought a worthless coin.
8. When trading spot, the returns from holding long-term with less frequent trading are greater than those from frequent trading. It depends on whether you have the patience to hold. I bought Dogecoin at 0.029 and it has increased more than 20 times since then.
9. Factors affecting market volatility in the cryptocurrency world.
1) The attitudes of various countries towards cryptocurrencies. If the attitude is negative, there will generally be a wave of decline.
2) US financial policies, such as the recent news about taxing the wealthy (commonly referred to as the 'wealth tax+').
3) The attitudes of big figures like Musk towards cryptocurrencies. For example, Musk often tweets about Bitcoin or Dogecoin, pushing up the prices of these two coins.
This drives the entire cryptocurrency market up, such as Buffett's negative comments on Bitcoin. So it is important to pay attention to financial news.
