The market on May 19 was heart-wrenching; let's get straight to the point:
Current situation of Bitcoin:
Today peaked at $107,000, just a step away from the previous high of $109,600, but then dropped back to the $103,000-$105,000 range.
Support levels are between $102,800 and $99,900, with over $41 billion in chips to defend this position; a drop here is likely to be caught.
Institutions are still buying heavily, such as MicroStrategy accumulating 420,000 coins; ETFs are seeing a daily net inflow of $260 million. The long-term bullish logic hasn't changed, but short-term overbought indicators may pull back.
Ethereum is underperforming:
Today hit a low of $2,317, now barely recovering to around $2,450, but the daily chart shows a 'black three soldiers' bearish signal, with no volume in the rebound. Whales may be liquidating long positions (one giant whale is shorting $100 million ETH at 25x leverage).
Key support is at $2,300; a drop below may continue the downtrend, with resistance at around $2,580, where shorting can be attempted.
Divergence in shitcoins:
Meme coins are collectively crashing (like PEPE, BONK dropping over 10%), but physical asset tokenization and DePIN decentralized infrastructure are rising against the trend, up 8%.
The shitcoin season index has dropped to 24, with all funds being sucked into Bitcoin. At this time, avoid high-volatility altcoins; if you want to play, choose the AI sector, with KAITO up 8% or compliant stablecoin PYUSD.
Practical strategies for breaking even
Bitcoin is stuck:
If your cost is above $105,000, reduce your position when it rebounds to around $106,000, and add to your position when it pulls back to $102,500 to average down. Don't go all in; wait for it to stabilize.
If it drops below $101,000, you must cut losses; don't believe in 'holding for the long term', as the cost of time in a bull market is too high.
Ethereum is stuck:
For those trapped above $2,400, sell in batches when it rebounds to the $2,500-$2,550 range, and switch to Bitcoin or RWA sectors, like SHB gold tokenization.
The hold-on group waits for Ethereum to stabilize above $2,450 before adding to their positions, but be mentally prepared for a drop below $2,300.
Shitcoins are trapped:
Trash coins that fall without rising, such as LTO dropping 14% today; don't expect a rebound.
Hot ones, like AI sector Virtuals Protocol rising 15%, can be used to break even when Bitcoin hits its previous high.
Core Logic:
Bitcoin is the big brother; if it can't hold steady, no one can expect to do well!
Ethereum is currently treated as a 'shitcoin', with funds waiting for upgrades like Cancun.
Shitcoins are about running fast; don't compare patience with the whales.
If you are currently trapped, feeling helpless and confused in trading, and want to learn more about the crypto space and cutting-edge news, click on my profile to follow me, and you won't get lost in this bull market!
$BTC $ETH
