The short-term outlook for Bitcoin is not very optimistic, and a decline is expected. The market will likely fluctuate for about eight days; if there is a correction, it may first drop below 89,000 and then explore the range of 79,000-80,000. However, in the long run, the halving event is still something to look forward to. The market trend for the entire month of May is estimated not to be one-sided upward; it is highly probable that there will be a surge followed by a sharp drop, with repeated fluctuations aimed at breaking retail investors' mentality and forcing them to relinquish their holdings.

Recently, on-chain data shows that about 170,000 Bitcoins held for 3-6 months have been sold off, and the actions of these short-term holders may trigger market volatility. In contrast, long-term holders are only moving more than 500 Bitcoins daily, indicating significant market divergence. Interestingly, large holders with 100-1000 Bitcoins are aggressively accumulating, buying more than three times the annual issuance of Bitcoin in a year, while the amount of Bitcoin on exchanges is decreasing, indicating that large funds remain optimistic about the future market. So the question arises, when a real downturn occurs, will you dare to decisively buy the dip?

The market is continuously changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, and let's navigate the bull market together and seize this major opportunity.