5.19 BTC Afternoon Thoughts
Last night's market made it really hard to sleep, causing me to wake up late today. After getting up, I started taking positions, and now I finally have time to share some thoughts with everyone.
Last night, I reminded everyone that the market might crash. I wonder how many people noticed it. Currently, after hitting a high of 107,000, the market hasn't stabilized and after a brief surge, it directly dropped to 102,500. The current level is below the middle track, but the downward trend seems to be losing momentum. At this position, one can try to go long with a light position. Make sure to have proper stop-loss. Grab a rebound off the bottom. If the market continues to decline and breaks below 102,600, I suggest turning bearish with a target of 101,000~100,000.
