In the cryptocurrency world, you must master the rules

In the cryptocurrency world, past market trends are like the confrontation between the East and the West, with fluctuations both day and night. Basically, the market is most active during Western hours, particularly between 21:30 and 7:30 Beijing time. You will find that many significant rises occur in the early morning, so a qualified trader usually chooses to sleep at 8 PM and wake up at 4 AM to monitor market dynamics.

1. If you notice a continuous decline in the domestic market during the day, consider buying the dip, as foreign capital will start to push the market up at 21:30. 2. Conversely, if the market rises significantly during the day, do not chase the high, as it is likely to correct at night. Those who are used to FOMO need to stay calm at this time.

3. The key signal for buying and selling is the "wick", the deeper the wick, the stronger the signal to buy or sell. 4. Usually, before major meetings or the release of good news, the market tends to rise, but it may drop after the news is released.

5. When discussing trading plans in a group, the cryptocurrencies that are enthusiastically promoted by members often excite people, but there's a high probability of being misled, and opposite operations may be safer. Especially for those hotly traded coins, it's best to take profits and stay out of the market in a timely manner.

6. If you are not interested in a coin recommended by a group member, it may actually rise significantly. When you start to doubt, it might be worth trying it out; you may be pleasantly surprised. For example, BGB, when it was recommended by group members, was only 0.4, and now it is directly 4.4, it was really just a casual buy back then. 7. The choice of platform is also very important; large exchanges like bn ok bg are relatively stable, while recent incidents like dexx leave no place for rights protection, many people have fallen victim. Many people blindly trust lesser-known exchanges, but they are not authoritative, and no one backs them; there are still many scams on those platforms. There was a case where a user encountered a scam, and Bitget paid out tens of thousands of dollars for Dogs to users affected by the project's scammer.

8. When you hold a large amount of a certain coin, the risk of liquidation increases, as you may be targeted by the exchange, becoming part of the liquidation list. Once your stop-loss on a short position is triggered, the market often tends to drop, as if intentionally not allowing you to escape, like in the case of TRB. #BTC重返10万 #币安MegadropSOLV