What do the various situations in the cryptocurrency market mean?
1. When the price of a coin rises rapidly and falls slowly, it means that the market maker is accumulating.
When the price of a coin falls rapidly and rises slowly, it means that the market maker is distributing.
2. Positive news that appears at the top usually signals the market maker is distributing.
Negative news that appears at the bottom may actually be positive, as the main players may buy at this time.
3. When there is a large volume of transactions at the top, do not rush to sell; but if there is no volume at the top, sell as soon as possible.
When there is a large volume of transactions at the bottom, do not rush to buy; only consider buying when the bottom continues to have increasing volume.
4. Trading cryptocurrencies mainly relies on market sentiment, which is reflected in the trading volume.
5. For coins that are rising, one should appropriately increase their position, while for coins that are falling, one should decrease their position.
6. Only by choosing good coins can one make a profit; do not overly rely on so-called masters.
7. One successful trading experience can lead to multiple successes; sticking to the correct method can lead to long-term profits.