The past week has been all about warning signs, reducing positions, and liquidating.
It's hard to be a contrarian in a bull market.
Everyone is panicking, I want to buy at the bottom.
Everyone is FOMOing, I want to short.
May 30: AI memes are all being sold off,
May 31: Liquidated altcoins last night, sold ETH this morning.
June 1: Don't buy at the bottom, staying in cash is the optimal solution.
June 2: BTC main force is flowing out very quickly, bulls need to pay attention to risks.
Currently, altcoins look a lot like December 9, 2024.
June 3: As long as there is a slight rebound, the main force will sell off. A rebound is for reducing positions, not chasing highs.
June 4: Maintain a pessimistic view on the short-term market ahead, something big is coming.
June 5: Today you will see a trend change, likely downward.
June 5: Give up all fantasies, the bull market ended early.