Hey folks, let's keep an eye on the risk: This bounce in early May isn’t driven by real money coming in; it’s just a forced short squeeze from the big coin. Before, the market was all bearish, and now with this surge, it’s creating the illusion that 60K is the bottom, making everyone rush to hop on.
60K is definitely not the bear market bottom; we’re still far from the real bottom and the adjustment period will be lengthy. Those claiming 60K is the bottom are mostly just stuck, comforting themselves—60K is just a temporary low after the drop from 98K back in January.
According to the big coin's pattern, there’s a major swing approximately every 4 months. The last big move was in January after hitting 98K, which led to a significant drop by the end of the month. Now, as we hit mid-May, we’re at another turning point, and it's highly likely we’ll see a significant pullback. Most of the coins that needed to pump have already done so; many altcoins are hitting their temporary tops and can’t move further, while the big players are taking this opportunity to cash out.
60K is definitely not the bear market bottom; we’re still far from the real bottom and the adjustment period will be lengthy. Those claiming 60K is the bottom are mostly just stuck, comforting themselves—60K is just a temporary low after the drop from 98K back in January.
According to the big coin's pattern, there’s a major swing approximately every 4 months. The last big move was in January after hitting 98K, which led to a significant drop by the end of the month. Now, as we hit mid-May, we’re at another turning point, and it's highly likely we’ll see a significant pullback. Most of the coins that needed to pump have already done so; many altcoins are hitting their temporary tops and can’t move further, while the big players are taking this opportunity to cash out.