In the market, achieve financial freedom and break class barriers; always adhere to the iron rules of the market: the effectiveness of trading coins is a crucial point.
1. Monitor the Bitcoin trend.
In the market, Bitcoin often leads the trend when it drops sharply, while Ethereum can be strong at times, but many other coins are mostly affected by Bitcoin.
2. Pay attention to the relationship between special coins and USDT.
Bitcoin and USDT often move inversely; when USDT rises, be cautious of Bitcoin. This is the time to buy USDT when Bitcoin drops.
3. Control the timing of trades.
Every day from 0 AM to 1 AM, there is a phenomenon of easy price fluctuations. Domestic coin friends can place buy orders for their desired coins at low prices and high prices for selling. There might be pleasant surprises and easy profits.
4. Double peaks indicate a rise.
Every day from 6 AM to 0 AM is a crucial time for buying or selling. If you hold from 0 AM to 8 AM and the price continues to drop, it’s better to buy in to average down on the same day; if it continues to rise, it’s wise to sell, as the price tends to drop later in the day.
6. Pay attention to afternoon volatility points.
Pay special attention at 5 PM, due to the time difference, as American traders start their operations, which may cause price fluctuations. Many large rises and drops occur at this time.
6. Be cautious of Black Friday.
There is a saying about Black Friday in the crypto world; while there may be significant drops on Fridays, there are also instances of rises or sideways movement. It is advisable to pay attention to the news.
7. Treat both sides with care.
If a coin with a certain trading volume drops, do not worry. Be patient and hold on; you will recover your investment, which might take as short as 3 or 4 days, or as long as a month. If you have extra money, you can buy in batches to recover quickly. Unless it is a junk coin.
8. Persist in long-term trading.
Engage in current trading with a long-term holding strategy and less frequent transactions. Profits are often greater than those from frequent trading, depending on your mindset.
9. Pay attention to external factors.
Coin fluctuations are influenced by various factors, such as the attitude of internet users towards coins. Negative sentiment may lead to drops. Changes in U.S. monetary policy, such as the wealthy withdrawing from the market, and influential figures' comments, like those from Musk, should be monitored.
10. Maintain a good trading mindset.
The mindset in trading is crucial; do not panic during a big drop, and do not get arrogant during a big rise. It's safer to cash out.
#圣诞行情分析 $BTC
