Market Trends in Bull Markets
1. In most cases, Bitcoin is the leader of the cryptocurrency market's fluctuations. Ethereum may sometimes move away from Bitcoin's influence and show a unilateral trend, while altcoins generally cannot escape its impact;
2. Bitcoin and USDT move in opposite directions. If USDT rises, it's important to note that Bitcoin may be falling; when Bitcoin rises, it is a suitable time to buy USDT;
3. The pinning phenomenon often occurs between 12 AM and 1 AM daily, so cryptocurrency enthusiasts can try to place a low buy order for their desired coins and a high sell order before sleeping. Who knows? It might get executed, earning you passive income;
4. The time between 6 AM and 8 AM daily is a key moment to judge whether to buy or sell, and also a crucial point for determining the day's price movements. If there has been a decline from 12 AM to 6 AM, the final drop is a buying or averaging down opportunity, and the day is likely to rise. Conversely, if there has been a rise from 12 AM to 6 AM, the subsequent rise signifies a selling opportunity, and the day will likely fall;
5. 5 PM is an important time to pay attention to due to rumors circulating within the community. Due to time zone differences, U.S. traders may be starting their activities, which could lead to fluctuations in coin prices. Significant rises or falls have indeed occurred at this time, so it requires special attention;
6. There is a saying in the crypto community about "Black Friday," as there have been several instances of significant drops on Fridays, but there have also been cases of large rises or sideways movement; it’s not particularly predictable, so just keep an eye on the news;
7. If a cryptocurrency with a certain trading volume drops, there's no need to worry. Patience in holding will definitely allow you to break even, whether it takes a short 3 or 4 days or a longer month. If you still have USDT remaining, you can average down in batches to lower the price; you will recover faster. If you have no spare cash, just wait; you won't be disappointed, unless you bought a worthless coin;
8. Holding the same cryptocurrency for the long term with fewer trades will yield greater returns than high-frequency trading; it all depends on your patience.
If you want to know more about the cryptocurrency market and receive cutting-edge information, click on my profile to follow me. I also welcome copy trading from those who can achieve tenfold returns in a month. Daily market analysis and recommendations for quality potential coins are released.