Short-term Trading Techniques for Cryptocurrency Contracts: How to Grasp Market Bullish and Bearish Sentiment?
As shown, Binance's big data statistics are very useful and serve as a window to observe the current market's bullish and bearish sentiment. Based on experience, if the number of rising coins exceeds 900, look for opportunities to go long, not short; conversely, if the number of declining coins exceeds 900, look for opportunities to go short, not long.
Short-term trading is about sentiment, while medium to long-term trading follows the trend. Using this big data, there is a simple and straightforward operational plan. I originally made a short video to share, but I don't know if it was Binance's fault for not being complete or if I couldn't find the video publishing outlet, or if my low level restricted access, so I couldn't upload it. I'll make a post next time when I find the time.
It's best to check this big data daily to grasp the rhythm of turning from bearish to bullish or from bullish to bearish; otherwise, if the market is bearish like now, you might enter and immediately switch to bullish, timing is also very important.
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