May Cryptocurrency Market Advice: Don’t Expect a Big Bull Run, It’s Just a Volatile Shakeout


May overall only has one pattern: repeated grinding at high levels; it’s hard to go up and hard to go down.
Bitcoin is stuck between 75,000 and 80k, each new high is just a trap to lure in buyers, with too many trapped sellers above, no motivation for continuous surge.
Any slight movement can cause a pullback, aiming to shake out retail investors who chased the high.
Ethereum is even weaker, with 2200-2300 as a strong resistance, staking unlocks still putting selling pressure, no new funds entering, mainly following Bitcoin’s trend, and it’s easy to fall further when it drops.
The core points for May are two:
• Don’t chase highs! Rebounds are opportunities to reduce positions, don’t be fooled by short-term surges.
• Don’t bottom-fish! Support levels are repeatedly broken, so you might buy at the halfway point.
This month’s strategy: Light positions, observe, sell high and buy low, don’t hold heavy positions and stubbornly endure, in a volatile market, staying alive is the most important. #btc #eth$BTC
BTC1.19%
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