The ETH upgrade and the Federal Reserve's interest rate meeting are approaching, and market risks are rising sharply.
In my opinion, the current situation is extremely dangerous; any rebound is merely an opportunity to escape, not a signal to enter the market.
Tomorrow's ETH upgrade seems favorable, but we must be cautious of the main players taking the opportunity to sell off. Historical experience shows that such moments often become opportunities for a market crash. The interest rate meeting on May 8th is even more concerning, as all data currently points to bearish trends, which could likely trigger a second market crash.
My judgment is clear: there is a high probability of accelerated declines in the coming days. Any rebound should be seen as an opportunity to reduce positions, not a reason to increase them. Now is not the time to consider bottom-fishing; the primary task is to control risk.
I recommend immediately checking your positions and preparing for defense. Whether to take risks for speculation or to preserve capital needs to be decided immediately.
Remember, the market is never short of opportunities, but losing all your capital means you are completely out.
I am Ji Xin, follow me for support from a top-notch team, serving only ambitious lunatics.
