In commemoration of May 19, it is May 19 again. How will the Bitcoin market change?

First of all, we should be relieved that the market will not fall sharply, but will pass through it calmly.

From a technical point of view, $BTC has experienced a wave of corrections, and the probability of continuing to fall sharply is not high.

On the contrary, this time the price is at a low point, which is a good time to rise. Unlike the last May 19, the price was at a high point last time, and the market needed a deep wash. This time, the market has completed the necessary adjustments and is ready to welcome a new rising market.

In addition, from a macro perspective, the passage of the Bitcoin spot ETF means that big capital is entering the market, which will bring more liquidity to the market. At the same time, the interest rate cut is imminent, which will further promote funds to enter the Bitcoin market.

More importantly, the cost of Bitcoin has risen sharply to more than 40,000 US dollars after the halving, which means that the room for decline is very limited. Therefore, we can foresee that on May 19 this year, the Bitcoin market will not fall sharply, but will remain relatively stable.

Of course, the market is always full of uncertainty, and we cannot completely rule out the occurrence of unexpected situations. But overall, the Bitcoin market is expected to smoothly pass this critical moment

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