Review of the 519 tragedy:
From May 8 to May 19, the price of Bitcoin plummeted from about $60,000 to about $30,000, almost halving.
On May 19, the price plummeted from $44,000 to $30,000 in a single day.
In summary, within 10 days from May 8, Bitcoin plummeted by 15,000 points; and on May 19, the decline also reached 15,000 points.
Overall, from May 8 to May 19, Bitcoin was almost halved.
Afterwards, Bitcoin gradually bottomed out in about two months and rebounded to about $68,000 around July 26.
Review of the 31 tragedy:
From 9,200 points on March 6 to 7,800 points on March 11, the price of Bitcoin fell by 1,400 points.
On March 12, the price of Bitcoin plummeted to 4,400 points in one day, a drop of 3,400 points.
In summary, from March 6 to March 12, the price of Bitcoin was almost halved.
Next, in about a month and a half, the price of Bitcoin rebounded to about 9,300 points around May 1.
Review on July 5, 2021:
From 63,000 points on July 1 to 55,000 points on July 5, the price of Bitcoin fell by 8,000 points.
Although it did not reach the halving level, the support target of market attention may be concentrated between 35,000 and 30,000 points.
Personal opinion:
1. Still optimistic about the bull market of Bitcoin.
2. It is recommended to buy the bottom in batches.
3. Stick to your beliefs and always be optimistic in the face of market fluctuations.
The article has a delay. If you don’t understand the market and need real-time explanations to learn technical techniques and experience, please read my introduction to cooking.
