Strategist's Comprehensive Analysis: (Issue 206) Is May 19 a coincidence? Or another historical bloodbath?

Looking back at May 19, 2021, the market saw 580,000 people liquidated with 6.6 billion USD disappearing into thin air!

The strategist contributed 500,000 USD that year, and to this day it remains vivid in memory.

Life once lost direction; only by experiencing destruction can one understand why the strategist is so composed now!

The primary purpose of communication is to combat risk, and only then is profit considered. In the market, every player is an opponent; how to carve out a piece of meat from the wolf's mouth is crucial, and learning to abandon human nature is essential for survival.

Will this time replicate May 19? I believe the probability is low. This round of the U.S. institutional bull market relies on legalization as a foundation, requiring certain rules for the U.S. market. A 50% volatility is unacceptable for the legalization of the BTC market in the U.S.; only by ensuring asset stability can its growth be rapidly promoted, hence a maximum retracement of 30%. If a bear market occurs, a drop of more than 50% is also possible.

Let's analyze the market specifically:

First, let's look at the liquidation chart. This reminds me of a few days ago during a live stream when a fan asked me if a short position at 98,000 would withstand a liquidation at 107,000. I said at that time, that position might just be the target, and I suggested keeping the liquidation price above 110,000.

Make a new high, take out the stop losses of the short positions, and lure in a wave of long positions reasonably.

The top has appeared, and next is a large range of oscillating market conditions, which will lead to the liquidation of long positions.

The first tier of liquidity is concentrated between 90,000-93,000, with the second tier at 80,000-85,000.

For now, let's focus on the first tier: 90,000-93,000.

Now let's look at the Bitcoin candlestick chart: the upward channel has ended, and we are starting to move into a downward channel!

Don't recklessly catch bullets; be careful not to get smashed. There needs to be a long time to shake out positions between the end of one market phase and the beginning of another.