Everyone is waiting to SELL IN MAY but the market is rising
This season is truly SELL IN APRIL. With the impacts from the countervailing tariffs of Mr. #Trump on the entire financial market combined with the #crypto market having already dropped since December 2024, therefore April can be said to be the peak of pain when indicators like greed-fear or altcoin season index are all at the bottom.
That pain is somewhat eased by delaying the countervailing tax for 3 months and the market is starting to recover. And May has arrived with the legendary fear of SELL IN MAY making people not afraid that the market will continue to drop and the recent rise was just a slight recovery wave before it will continue to Dump.
And many people have SHORTED as well as many are waiting to buy Spot (because previously they were still afraid and didn't dare to enter)
And the market does not give everyone that opportunity. The SHORT group is entering May with the mindset that they could receive an email at any moment (many people don’t even reach May because they have received emails from the exchange). Meanwhile, those waiting for a drop to buy just watch the coin rise and feel regret.
👀 Looking back at the history of May, the rate of increase and decrease is 50/50, so it’s not necessarily that in May the Crypto market will drop, but mainly due to the fear created by everyone. Of course, the market makers can legitimize the price movement with any news.
Everyone is afraid of May and expects the Fed to lower interest rates in June and end QT. So, will the market makers give everyone the opportunity when everyone is waiting like that? Or will it be another trap like in November 2024? 🤔
No one can know for sure, and in my opinion, the market will still go up amidst doubt this May, but there will still be a correction for everyone to give up hope that an UPTREND is coming, and then it will continue to rise again.
What is your opinion?