April 19, Sunday, bad news hits, the market will plummet to confirm

Yesterday afternoon, news broke that Yi officially withdrew from the Strait control, causing the entire market to become lively, with all mainstream altcoins falling sharply, especially RAVE and ORDI both halved, and the drama staged by Huang Mao self-directed and self-acted unraveled naturally. It’s truly a market that relies not on structural promotion but solely on Huang Mao’s words. In such an environment, retail investors simply cannot stand their ground.

Looking back, the previous surge can be said to have been artificially pushed up, causing obvious harm to the short sellers. Huang Mao’s notorious face is well-known for telling lies; as long as he doesn’t come out, the market will experience a big drop.

Currently, with negative sentiment hitting, the decline obviously has not yet reached its bottom. Bitcoin directly broke below 760 yesterday, and there are no signs of recovery at all, so the outlook for the coming week is fully bearish.

For swing trading, consider short positions around 760-770 in batches, with targets at 713-680-650 zones.