In the cryptocurrency world, there used to be a confrontation between the East and the West. In the past, there would be market movements both during the day and at night, with most activity occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Major price increases usually happen in the early morning, so a qualified trader should go to bed at 20:00 and wake up at 4:00 to monitor trading.
1. When there is a continuous drop during the daytime in China, you must buy the dip; at night, foreigners will push the market up at 21:30.
2. If there is a significant price increase during the day, do not chase the highs; the price will likely drop back at night.
3. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy or sell signal.
4. There will be price increases before major meetings or positive news, and once the news is out, prices will drop.
5. In group discussions, when the community promotes a coin and talks it up, you might feel excited, but chances are you will get burned; consider going against the trend. If a coin is very hot, you can short it immediately.
6. If a group member recommends something and you feel disinterested, it is likely to take off; when in doubt, it might be worth trying with a small amount.