Monthly Line View Correction
At the beginning of the month, I said that there was a high probability that May would close with a medium-sized to large negative line, with a drop of more than 15%. As of now, the probability of this happening is still relatively high. Bulls are blocked at the key position of the monthly line, and the US dollar index is also rebounding.
Yesterday, both Bitcoin and Coinbase hit the high point of this month's rebound. If they still fall back from yesterday's high point, how much can we see? We can make an estimate
BTC: 65500* (1-15%) = 55675
ETH: 3221.95* (1-15%) = 2738.95
The actual situation may exceed this expectation, and Coinbase will exceed Bitcoin.
This estimate is based on the premise that yesterday's high point is the high point of this month. If there is a new high later, this view is not valid and needs to be planned separately.
