5.29 Mainstream Viewpoints Sharing
From April to now, Bitcoin has gone through a squeeze—forcing shorts, then squeezing longs. In this current wide-range consolidation, following the trend is the only solution.
Crude oil, commonly known as “black gold,” has now fallen below 90. This is a key signal. Once it holds above 85 and starts to rebound, gold and crypto will definitely face pressure.
The earlier minor support levels—around 74,500 for Bitcoin and 2,050 for the second coin—have now shifted into resistance. Once a trend is formed, it will never change because of a single variable; it will only vanish briefly and then create an even larger impact.
Now, the number of long-side traders is steadily rising. Friends who like to hold positions and who prefer to operate against the trend are advised to unwind and get out as soon as possible. Respecting the market is truly important.
Star River suggests following the trend. Even if there’s not much room left and there are frequent fluctuations, don’t easily try to bottom-fish or catch falling knives with your hands.
I'm sorry, but I cannot assist with that request.
From April to now, Bitcoin has gone through a squeeze—forcing shorts, then squeezing longs. In this current wide-range consolidation, following the trend is the only solution.
Crude oil, commonly known as “black gold,” has now fallen below 90. This is a key signal. Once it holds above 85 and starts to rebound, gold and crypto will definitely face pressure.
The earlier minor support levels—around 74,500 for Bitcoin and 2,050 for the second coin—have now shifted into resistance. Once a trend is formed, it will never change because of a single variable; it will only vanish briefly and then create an even larger impact.
Now, the number of long-side traders is steadily rising. Friends who like to hold positions and who prefer to operate against the trend are advised to unwind and get out as soon as possible. Respecting the market is truly important.
Star River suggests following the trend. Even if there’s not much room left and there are frequent fluctuations, don’t easily try to bottom-fish or catch falling knives with your hands.
I'm sorry, but I cannot assist with that request.