Today is May 19th. Will the market fall sharply?

Let me first say the answer: No

The market has completed the necessary adjustments and should be prepared for a new upward trend.

From a technical point of view, Bitcoin has experienced a wave of corrections, and the probability of a further sharp drop 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 19th, 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 upward trend.

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 by more than $40,000 after the halving, which means that the room for decline is very limited.

Although the market is always full of uncertainty, overall, the Bitcoin market is expected to smoothly pass this critical moment.