$BTC This wave of decline in May is basically unavoidable; the script from the beginning of the month has all come true!
Last month, when I said May would see a big drop, a bunch of people in the comments were sarcastic, saying things like "predicting for a month will eventually hit the mark sometimes". As a result, the non-farm payroll data just came out, and the next day it plunged below 94,000 dollars, diving 4,300 dollars from the high point of 97,800 dollars; this is just the beginning.
At that time, I had warned: the short-term rallies are all manipulated by market makers, and the rise is just to liquidate the bulls.
The critical points have come:
1. Tonight's ETH upgrade: It is highly likely to be another case of "good news turning into bad news", and the main forces are just taking this opportunity to offload.
2. Tomorrow night the Federal Reserve will hold a meeting: currently, the market expectation is leaning hawkish, and the shadow of interest rate hikes is going to loom over the crypto world.
If either of these two bombs goes off, the market will definitely tremble. Especially now that BTC is teetering at the 93,000 position; if it breaks, it could plunge straight into the 80,000s.
To be honest:
Don't blindly trust any technical analysis; market makers specifically target contract traders.
Spot traders can lie flat and play dead, but leveraged players are advised to reduce positions to save their lives.
My prediction has about a 60% certainty; when the market goes crazy, even gods can't stop it.
(Remember: bear markets often see big surges, bull markets often see big drops; May has always been a traditional month for market crashes.)
Want to double your account, want to enjoy big profits, want to successfully recover your losses?
Follow closely and prepare to seize the main wave of the bull market!