$BEAT In the cryptocurrency world, the most important thing is to keep learning.
Why do many newcomers incur losses at the beginning?
It's actually due to insufficient understanding and incorrect methods.
The money I've earned over the years is backed by some fundamental insights and skills, which I will briefly share with you today, helping you avoid detours and minimize losses.
1. $BTC is the rhythm conductor of the entire market
Most cryptocurrencies' trends follow BTC, whether it's ETH or some altcoins; occasionally, there may be independent trends, but it's rare to completely bypass BTC's direction.
Therefore, observing BTC's trends determines your strategy in the market.
2. BTC and USDT are mostly inversely related
Generally speaking, when USDT is clearly strengthening, BTC may pull back;
Conversely, when BTC is on the rise, it’s usually a good time to exchange for U.
Understanding this can help you grasp the market's rhythm.
3. Extreme price fluctuations are likely between 0–1 AM
During this time period, there are often extreme price fluctuations.
You can place a low buy order or a high sell order before going to bed, and by morning, you might find that it has been executed; this method of “catching opportunities while lying down” is suitable for capturing small fluctuations.
4. The window for judging the day's direction is between 6–8 AM
The price trends from 0–6 AM provide important references for the day's trend.
If prices continue to fall during this time, there's a high probability of a rebound opportunity for the day;
Conversely, if they continue to rise, a pullback may be on the horizon.
5. Pay special attention at 5 PM
The start of the American market usually brings significant volatility.
Many large fluctuations occur during this time, so it's essential to pay attention to market movements during this period.
6. “Black Friday” may occasionally hold true, but it's not a hard rule
The market on Fridays often experiences volatility, but there's no need to overly believe in the “Black Friday” pattern.
Stay aware of news and market sentiment; maintaining calm is crucial to avoid losses.
7. Don’t panic if a coin with strong trading volume drops
If a certain coin has good trading volume support, don’t panic if the price drops; many cryptocurrencies will recover within a few days to a month.
If funds are sufficient, you can lower your cost in batches;
If not, be patient; the market usually won’t disappoint you.
Before, I was stumbling around in the dark alone; now the light is in my hands, and it’s always shining. Will you follow or not?
