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1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
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Public Sharing of Bitcoin's May Market Trend:
Predicted cryptocurrency: $BTC
Predicted price: $95,058
Prediction period: May 1 - May 31
Reference price must be based on Gate.io spot price
Prediction analysis:
1. Overall monthly trend performance of Bitcoin
In terms of Bitcoin's consolidation in May, the trend before May 19 should be better than that on and after May 19. After May 19, Bitcoin's decline is expected to be significant, especially in the final phase.
Bitcoin may experience a trend in May, hovering near resistance levels, with continuous strong outflows of funds.
Overall, the outlook is bearish.
Bitcoin may reach its peak in the next couple of days. Pay attention to the numbers 2, 3, 7, and 9. In the short term, buying at the current price can still yield profits on Weibo. However, the risk-reward ratio is not significant, and I do not recommend participation if you are not a technical expert.
2. May is divided into 5 weeks, 5 phases
Week 1: May 1 - May 4. During this phase, the market is in a state of contention, causing worry. The contention period is not long, and there may be a low point followed by a rebound, providing space for profit.
Week 2: May 5 - May 11. The outlook during this phase is unclear; on the surface, it looks good, but funds are experiencing continuous strong outflows.
Week 3: May 12 - May 18. This phase will continue to fluctuate at high levels, digging pits, with back-and-forth movements indicating a major adjustment is imminent.
Week 4: May 19 - May 25. The adjustments during this phase will be stronger than in the previous phase.
Week 5: May 26 - May 31. A very strong major adjustment is expected, and I personally lean towards a larger decline.
3. If investing at $95,058, assess the profit and loss situation for May.
If investing at this price, the profit margin will be very minimal, but the losses could be significant, with funds potentially being trapped at a large scale. Considering the risk-reward ratio, May is not a good time for investment.
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#May Market Outlook# #BTC#