Today, May 19, the BTC price is 102550.
1️⃣ BTC hit around 107000 twice in 4 hours, while ETH suddenly plummeted by 11%. This drop was indeed unexpected! Black Monday’s market remains tough; in the next day or two, I think BTC might stabilize around 103000, but the daily trend of ETH is too terrible, and it has also dragged down altcoins. In this situation, shorting is more profitable, and I suggest shorting during any rebound.
If you want to go long, it’s best to wait for Bitcoin to drop to around 100000 before entering, it’s safer! Remember, not all market conditions in the crypto sphere can be entered blindly; sometimes the more you mess around, the more you lose!
2️⃣ I originally wanted to go long yesterday, thinking of waiting for a pullback, but ETH directly “plunged.” Now I can only hold off and patiently wait for Bitcoin to drop a bit more. Now everyone understands that the value of altcoins is limited, and the project teams are eager to dump their tokens, fearing they will be delisted later; hence, altcoins can easily plummet after a brief rise, and the project teams won't buy back tokens at high prices anymore. Thinking about it, it really makes sense!
3️⃣ BTC is currently under heavy pressure, friends who are going long on rebounds must not be greedy, I emphasize it again!
