May 16, 2026

This market is getting weaker and weaker, I don't know what's going on, there are signs of some funds starting to withdraw, in fact, Bitcoin hasn't really dropped much, mainly the altcoin market. This decline is the biggest pullback since the trend was initiated two months ago.
People who don't trade altcoins may not notice it as clearly; I have a trend-following strategy that involves altcoins, so I can feel it.
Looking at the external environment, although the US stock market feels a bit high, it hasn't actually fallen. Is the crypto market trying to lead the trend in advance?
Right now, perhaps everyone's most worried about is that the rebound rally has ended. Honestly, I have some concerns too, although I still believe the upward trend hasn't ended yet.
I initially characterized this market as a relatively large rebound.
The target price for Bitcoin is 80k to 90k USD. From a price perspective, Bitcoin has already tested the 80,000 mark once, and a further drop would still be understandable.
Additionally, the altcoin market—here's a fact some may find hard to accept—that most altcoins that are going to rise have already done so.
After all, this isn't a bull market; if it's just a rebound, having so many altcoins being pumped up is already quite good.
Although we know that most of these are coins controlled by strong whales, retail investors hold very few of these pumped altcoins.
From a rational perspective, this rebound should have already gone at least halfway.
I expect the market to continue breaking through 80,000 and reach 90,000 to 100k USD.
But honestly, it's important to control your positions well, and avoid playing with altcoins recklessly.
Buy mainstream assets like Bitcoin; when prices come back, it's just a matter of time.
With altcoins, it might not be the same.
Thanks for your attention and likes.