Market Analysis on May 29th ♡ All positions closed, all positions closed, all positions closed. The Bitcoin conference has not made any noise. I was originally hoping Ethereum would lead the altcoins again, but it looks very weak now. The involvement of the Trump family has made Bitcoin more centralized, which is not friendly for retail investors in the crypto space. Sometimes, even before Bitcoin drops, altcoins have already started to tumble. They used to move in sync, but now they are going their separate ways. Bitcoin is strong, but altcoins are not rising. Bitcoin is preparing for a pullback, and altcoins are already weakening. Ethereum has risen a bit but is just dragging along, lacking its former glory. So, the same old saying applies: I can't change the situation much, I can only avoid the fish head and the fish tail, and just eat the fish body. Regarding Bitcoin, the upper limit is 120,000, and the lower limit is 98,000, so I have some positions. I've completely exited today. I was waiting for the conference, but there was no movement. Since April, I've successfully made a few waves by buying the dips. In the end, it doesn't matter whether I eat or not after the last drop. In June, it's highly likely we'll see a pullback. If you're in for the long haul with Bitcoin, just hold on. Don't sell until it reaches 150,000. For mainstream altcoins, just take whatever you can. Only after interest rate cuts will there be significant market movements. Be patient.
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