Today is May 19, a day that many investors in the crypto market will not forget, as a significant crash occurred on May 19, 2021.
Bitcoin plummeted from $44,000 to $29,000, a drop of over 34%, with Ethereum and other altcoins also experiencing significant declines, leading to many investors being liquidated and the market plunging into panic. Yesterday, Bitcoin briefly surpassed $107,000, but today, influenced by the shadow of May 19, the price has pulled back to around $102,500.
Some investors are asking whether Bitcoin can rise to $150,000 this year?
I suggest considering holding costs and targets; if the risk is not high and there is a cash flow requirement, it’s reasonable to consider selling in batches around $100,000.
For investors looking to double their capital and sell half at $120,000, I remind you to consider backup plans to avoid affecting your dollar-cost averaging strategy. The priority is to ensure there is enough capital for bottom buying; if so, it might be wise to start selling in batches now to mitigate risk.
"Altcoin season" refers to a period where over 50% of new funds flow into non-BTC assets, but not all altcoins will perform exceptionally well; asset selection and timing are crucial.
In addition to market risks, there are risks such as hacker attacks, hidden leverage, and social engineering scams. We believe there will be opportunities to buy BTC and other blue-chip assets at discounted prices in the future, but we should also enjoy the upward potential of the current cycle.
With Bitcoin and U.S. stocks at high levels, and Trump's unpredictable environment, altcoins are performing remarkably, but the risks are also high, like mining gold on the edge of a blade. Some mainstream altcoins may pump after Bitcoin rises, so it's best to buy less or avoid buying.
The above image shows a heatmap of the outflow of altcoins from Binance, with red markers indicating altcoins with significant outflows, such as ETH, ENJ, SLP, FET, etc.
Despite some improvements in the current macro environment, there are still many challenges and uncertainties, and the overall sentiment of retail investors in the crypto market is not as frenzied as in previous bull markets. Although there was a slight recovery when Trump launched the TRUMP token earlier this year, it still feels insufficient.
The current altcoin sell-off situation may signal a VC bull market, but participation comes with risks; managing positions and focusing on mainstream trends is a better strategy. Compared to the events of May 19, 2021, the situation now is vastly different, with Bitcoin holdings concentrated, and more ETFs and Wall Street institutions involved; even if there is a drop, it is just panic selling.
DINO
DINO is rising every day, very popular on the Base chain, and Base is currently at a peak period; the ecosystem is like a prime location just opened for trading, and DINO, as the 'first dinosaur in the market,' is equivalent to having obtained the original shares, with potential fully unlocked!
The DinoLP pool has directly locked 270 ETH (worth over 5 million RMB), and it won't be permanently unlocked! Retail investors can finally stand on equal footing with the big players! With a market cap of 50 million but not yet listed on any exchange, trading volume is very high, and it may go on several exchanges soon.
I think the only highlight for this coin is to get on a big exchange, pump it up, and then run; the chance of hitting a big exchange with a market cap of 50 million is quite high. The opportunity is indeed significant, but the risks are also substantial; approach it rationally.
FIDA
The short-term risk for FIDA may lead to a descending triangle; if it cannot break the pressure, it may drop directly; personally, I prefer a sideways consolidation, and you can wait for a pullback to re-enter. Also, the bottom is transitioning from decreasing volume to increasing volume, making the descending triangle scenario less likely, but it’s important to be prepared. Entry price: 0.09, stop-loss price: 0.07, target price: 3.8.
