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In the cryptocurrency market, where I have worked for many years, I have summarized several valuable lessons. First of all, psychology is the key to success, while technology is a supportive tool. Let's discuss some important observations in this area together:
1. Bitcoin usually leads the entire cryptocurrency market. Ethereum can sometimes move independently of Bitcoin, but most altcoins still follow its example.
2. There is an interesting feedback loop between Bitcoin and USDT. When the price of USDT rises, it may signal a decline in Bitcoin; conversely, when Bitcoin rises, it is often a good opportunity to buy USDT.
3. Every day from midnight to 1 AM, sharp fluctuations are often observed in the market. Therefore, placing some buy orders at low prices and sell orders at high prices before going to sleep can yield unexpected profits.
4. Around 5:00 PM — this is an important moment for attention. Due to the time difference, American traders begin to become active, which can cause fluctuations in the market.
5. Although there is the expression "Black Friday", the market behavior on Friday is actually not fixed. It is important to follow current market news rather than blindly believing in this model.
6. For tokens with a certain trading volume, even if there is a decline in the short term, patience usually allows for a return on investment. If there are additional funds, one might consider a phased buy-in to reduce the average cost.
7. The market has its own rhythms and patterns. Understanding these patterns can help investors make more informed decisions, but it is also important to remember that past performance does not guarantee future results.
8. During trading, it is essential to maintain calm and rationality. Emotional decisions often lead to unnecessary losses.
9. Diversification is very important. You shouldn't put all your eggs in one basket; spreading investments can reduce risks.
10. Continuous learning and adaptation to market changes are the keys to success. Crypto assets are changing rapidly, so it is important to maintain openness and a desire to learn.
Remember that investing in crypto assets carries high risks; do not invest more than you can afford. Always manage your risks; it is more important than striving for high profits.