May 19 Black Swan Replays? Bitcoin Plummets! False Breakout Buries Bulls! Altcoins Scared to Death! Brother Sun Stirs Things Up + Market Drops During Conferences! Key Projects Adding Uncertainty!
The May 19, 2021 incident: 600,000 contracts liquidated, blood flowing like a river! Overnight, 600,000 contracts liquidated, and investors suffered heavy losses. This brutal liquidation once again reminds people: the cryptocurrency market is high-risk and highly volatile. A moment of carelessness can lead to total loss! (Pepe reminds: Today's article is a bit long but very important, please read it patiently. There’s a wealth code at the end.) Bitcoin's false breakout, and the bulls are buried! I've talked about the false breakout several times, and now it has really happened! However, a false breakout does not necessarily mean we will immediately enter a bear market, as there is also the possibility of returning to the consolidation zone, meaning Bitcoin won’t drop below 100,000 and will continue to consolidate. If there are favorable conditions later, it could rise a bit, just not too much. Because Bitcoin is actually nearing its peak, it's enough to catch a safe fish head; there's no need to catch the tail.
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