Several key points for retail investors in the crypto world to consider when engaging in Cryptocurrency Trading, sharing with everyone!


1. Keep a close eye on Bitcoin trends
In the crypto world, Bitcoin often leads the direction of price fluctuations. While Ether can sometimes be strong and move independently, most altcoins are influenced by it.
2. Pay attention to the relationship between Bitcoin and USDT.
Bitcoin and USDT often move in opposite directions. When USDT rises, be alert for a potential drop in Bitcoin; when Bitcoin rises, it is an opportunity to buy USDT.
3. Seize the trading opportunities in the early morning.
From 0:00 to 1:00 every day, there is an easy spike phenomenon. Domestic coin friends can place low buy orders for their desired coins before going to sleep and high sell orders, or they may have a pleasant surprise transaction and easily profit.
4. Observe the morning trend of rise and fall.
From 6 to 8 in the morning is a key period for determining whether to buy or sell. If there is a continuous decline from midnight to 6 AM and it is still falling at that time, it is advisable to buy or add to your position, as it is likely to rise later in the day; if there is a continuous rise and it is still rising at that time, it is advisable to sell, as it is highly likely to decline later in the day.
5. Pay attention to the fluctuations in the afternoon.
Pay special attention at 5 PM, as due to the time difference, American coin friends will start trading, which may trigger fluctuations in coin prices, and many significant rises and falls occur at this time.
6. Be cautious of "Black Friday"
In the crypto world, there is a saying of "Black Friday." Although there are cases of significant drops on Fridays, there can also be major rises or sideways movements; just pay attention to the news.
7. Be patient with the declining coins.
If a coin with a certain trading volume drops, do not worry, patiently holding it can help you break even. It may 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 speed up the recovery. Unless it is a junk coin.
8. Persist in long-term spot trading.
Spot trading, holding the same coin for the long term with few transactions, usually yields greater returns than frequent trading; it all depends on whether one has the patience.
9. Pay attention to external influencing factors
The crypto world is turbulent due to multiple factors, such as the attitudes of various countries towards cryptocurrency, which can lead to declines if negative; U.S. financial policies; and the opinions of influential figures on cryptocurrency, such as statements from Musk. It is important to pay attention to financial news.
10. Maintain a good Cryptocurrency Trading mindset
The mindset for Cryptocurrency Trading is crucial; don't panic during a big drop, don't be arrogant during a big rise, and secure profits.
BTC5,95%
ETH9,36%
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