I have been involved in the cryptocurrency market for over a decade. Once, the mere mention of Bitcoin filled me with dread. But now, I can rely on trading in the cryptocurrency market to support my family. Below are the insights I have accumulated through countless practices, hoping to provide valuable references for those who come after and help them avoid the detours I once took.

When the market is booming and prices are continuously rising, we should dare to increase our positions, just like driving onto a highway, where good road conditions warrant timely acceleration to maximize the appreciation of funds.

Before entering the cryptocurrency market, finding a solid support point is crucial, much like how building a house requires a solid foundation. For short-term traders, the ten-day moving average is an important reference indicator. Once the ten-day moving average is broken and does not recover in time, one should decisively exit the market to avoid further losses.

When prices are low, if the trading volume significantly increases while the price rises only slightly, and then the price corrects without breaking the previous support level, this often indicates an excellent buying opportunity. This usually means that major funds are secretly accumulating, and the price correction is their signal that the accumulation is complete.

If one unfortunately finds themselves trapped, do not overly fixate on the initial purchase cost. When the price rebounds, decisively seize the opportunity to sell, and wait to buy back after the price drops again. Do not stubbornly wait for the price to return to the original level before selling.

In the cryptocurrency market, we should focus on those coins with significant potential for large increases. Although their prices may be volatile, there is often still room for growth after corrections. If a particular coin frequently experiences large increases, and the correction does not exceed 30%, this is a good entry point, as there may be even greater market movements awaiting us.

Finally, trading cryptocurrencies requires strong willpower and patience. For coins we are optimistic about, as long as they do not break key support levels, we should patiently wait. Do not waver due to the rapid rise of other coins in the short term, which could lead to the sale of quality assets in hand. This could ultimately result in gaining nothing or even facing the risk of losses. $BTC $XRP #币安Alpha第6批项目上線 #灰度提交Horizen信托文件 #加密市场反弹 #币安LaunchpoolBIO #比特币市场波动观察