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May 20th, the short-term selection direction of Shanzhai
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🔹Reviews of Cognitive Society
On May 19, Bitcoin soared to 67,700, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
Bitcoin is consolidating around 68,000. After a strong rise, the altcoins began to show phases. Cognition Society believes that the altcoins will choose a direction around May 20, because it has been a month and a half since the plunge on April 13. After three daily bottoming out, most altcoins have consolidated sufficiently and should have a direction recently.
The consolidation of Bitcoin at 68,000 is completely supported by the Bitcoin spot ETF. There is no buying in the market, and there is a lack of hot spots and emotions. This contradiction will also begin to determine the direction at 68,000-72,000.
🔹Reviews of Cognitive Society
On May 19, Bitcoin soared to 67,700, which is a big difference from the pressure point of 68,500 in the article of Cognitive Society yesterday.
Bitcoin is consolidating around 68,000. After a strong rise, the altcoins began to show phases. Cognition Society believes that the altcoins will choose a direction around May 20, because it has been a month and a half since the plunge on April 13. After three daily bottoming out, most altcoins have consolidated sufficiently and should have a direction recently.
The consolidation of Bitcoin at 68,000 is completely supported by the Bitcoin spot ETF. There is no buying in the market, and there is a lack of hot spots and emotions. This contradiction will also begin to determine the direction at 68,000-72,000.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
