The major drop of BTC in May
Is already imperative
Last month I posted that a significant drop in BTC in May was inevitable. At that time, many people mocked me in the comments, saying I had been calling for a drop for a month, and some said that if BTC didn't drop in May, they hadn't seen my analysis. As a result, my analysis was once again confirmed, especially with the post on May 2nd, which was almost spot on. I mentioned that after the non-farm payroll data was released, there would be a major correction, and before I finished speaking, the correction began the next day. I specifically emphasized that the short-term surge was for the sake of a larger drop later, and indeed, BTC reached a high of 97,800 and a low of 93,500, experiencing a correction of 4,300 USD. Of course, this correction is just the beginning, and further corrections will continue; everything is merely starting.
There are two important events in the upcoming market: tomorrow's ETH upgrade and the day after tomorrow's interest rate meeting. I am not optimistic about these two news events; I believe that the main players may take advantage of the ETH upgrade to unload their positions, and I think the meeting on May 8th is likely to be bearish. Therefore, it is very likely that there will be an accelerated major drop in the next few days.
A friendly reminder: this is just my personal prediction. After all, news events of this kind haven't happened yet, and no one can be 100% accurate. I can only make a prediction; everyone should make their own arrangements and not use my predictions to make trades.
Is already imperative
Last month I posted that a significant drop in BTC in May was inevitable. At that time, many people mocked me in the comments, saying I had been calling for a drop for a month, and some said that if BTC didn't drop in May, they hadn't seen my analysis. As a result, my analysis was once again confirmed, especially with the post on May 2nd, which was almost spot on. I mentioned that after the non-farm payroll data was released, there would be a major correction, and before I finished speaking, the correction began the next day. I specifically emphasized that the short-term surge was for the sake of a larger drop later, and indeed, BTC reached a high of 97,800 and a low of 93,500, experiencing a correction of 4,300 USD. Of course, this correction is just the beginning, and further corrections will continue; everything is merely starting.
There are two important events in the upcoming market: tomorrow's ETH upgrade and the day after tomorrow's interest rate meeting. I am not optimistic about these two news events; I believe that the main players may take advantage of the ETH upgrade to unload their positions, and I think the meeting on May 8th is likely to be bearish. Therefore, it is very likely that there will be an accelerated major drop in the next few days.
A friendly reminder: this is just my personal prediction. After all, news events of this kind haven't happened yet, and no one can be 100% accurate. I can only make a prediction; everyone should make their own arrangements and not use my predictions to make trades.
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ETH
2,524
-1.99%