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The biggest point of Cryptocurrency Trading #BTC is to have a good mindset; technology is secondary.
1. In most cases, Bitcoin is the leader of the fluctuations in the cryptocurrency trading market, while Ethereum and other strong coins may sometimes break away from Bitcoin's influence and experience a one-sided market. Altcoins generally cannot escape its influence.
2. Bitcoin and USDT move in opposite directions. If USDT rises, you should be wary that Bitcoin might fall; when Bitcoin rises, it is a suitable time to buy USDT.
3. The spike phenomenon is likely to occur between 0:00 and 1:00 every day, so domestic coin friends can try to place a buy order for their desired coin at a low price before going to bed and a sell order at a high price, you might just make a deal and earn some profit.
4. The time between 6 AM to 8 AM every day is a moment to judge whether to buy or sell, and it is also the time to determine the ups and downs for the day. If the price has been falling from midnight to 6 AM, and it continues to fall during this period, it is a buying or averaging down opportunity, and the price will likely rise for the day. Conversely, if the price has been rising from midnight to 6 AM, and it continues to rise during this period, it is a selling opportunity, and the price is likely to fall for the day.
5. 5 o'clock in the afternoon is an important time to pay attention to, the time difference, the American currency friends get up to work, it may cause the rise and fall of the currency, some big rises or falls have indeed happened at this point in time, so you should pay special attention;
6. In the cryptocurrency community, there is a saying of "Black Friday", and there have been a few instances where significant drops coincidentally happened on a Friday, but there have also been cases of significant rises or sideways movements, so it's not particularly accurate; just pay a little attention to the news.
7. If a coin with a certain trading volume guarantee drops, don't worry, holding patiently will definitely bring back the cost. In the short term, 3 to 4 days, in the long term, a month. If you have extra USDT, buy in batches to lower the price, and you'll recover faster. If you don't have extra money, just wait, it won't disappoint you. Unless you really bought I coin;
8. Holding the same coin for spot trading in the long term yields greater returns than frequent trading; it all depends on whether you have the patience to hold. I bought Dogecoin at 0.1, and it has increased more than 20 times since then 💡 The future wealth code is often hidden in the gap of cognition — the trend is in front, and the layout is behind!