Today is May 19th, and veteran players in the crypto circle are not unfamiliar with this number.
On this day in 2021, the crypto market experienced a brutal crash—Bitcoin plummeted from about 44,000 to 29,000, Ethereum was halved, and altcoins collectively collapsed, triggering massive liquidations and panic.
Just yesterday (May 18th), Bitcoin briefly broke 107,000, just a step away from its historical high. But perhaps the psychological shadow of '519' still lingers; today, BTC saw a slight pullback, and market sentiment is once again becoming cautious.
Currently, the overall market is still in the pullback phase after a main upward trend. BTC has not shown a significant decline, but ETH and SOL have been quite volatile. The adjustment period is not expected to last long, and clarity may come this week.
Regarding key support levels, BTC is watching the 100,000 mark, ETH is looking to see if it can hold 2,350, and SOL is around 160. As long as the overall trend does not break, these support levels are unlikely to be effectively penetrated, and they may stabilize and rebound after repeated testing.
