song77

🚨 Why did Bitcoin dump hard today? 📉 $BTC first pumped hard to around $82K because traders got excited about positive crypto regulation news (CLARITY Act progress). But once that news actually moved forward, many traders started taking profits. This is what traders call “sell the news”. Price goes up on hype, then drops when the event actually happens. Then the second hit came. Markets were also expecting positive tariff news from the China summit, but Trump said there were no such discussions. That disappointed investors, US markets dropped, and crypto followed. So Bitcoin dumped because of profit-taking + bad macro news + panic liquidations. This is crypto. It moves fast 😅

$BILL is starting to look like the same trap I’ve seen so many times. How many times will you fall for the same script? $BILL follows the classic “New Launch Pump & Dump” manual, yet retail traders rush to “buy the dip.” Stop being the exit liquidity for whales and start trading like a pro! Most new coins that pump this hard do not hold those levels. They usually retrace heavily once the launch hype dies and early buyers start taking profits. What I’m seeing right now is weak bounce attempts getting sold into, which tells me sellers are still in control. Personally, I’d be very careful chasing this here. Not financial advice, but for me the risk looks more on the downside than upside at these levels.$LAB $RAVE

$RIVER is finally starting to pump. OI is growing slowly but surely. Good.$KITE

$LAB is losing momentum below a key resistance level 🥵 Short $LAB Entry point: 4.8 – 4.9 Stop loss: 5.25 Take profit 1: 4.55 Take profit 2: 4.38 Take profit 3: 4.20 Take profit 4: 3.98 Reason: LAB is showing weakness after multiple rejections near the 5.44 resistance zone. The price has dropped below the MA7 and is struggling to hold above the MA25 support level, while the RSI has fallen near the oversold area, reflecting weakening bullish momentum. The MACD is also shifting to a bearish signal with weakening chart strength, indicating sellers are dominating. The spike in trading volume on red candles further increases the likelihood of a continued drop to lower support levels.

APR price is moving sideways after a strong surge 🥵 Short $APR Entry point: 0.171 – 0.174 Stop loss: 0.1768 Take profit 1: 0.1680 Take profit 2: 0.1640 Take profit 3: 0.1580 Take profit 4: 0.1490 Reason: APR price had a strong surge but is currently moving sideways and consolidating below the 0.1756 resistance zone. Price momentum is declining near the MA7 while the MACD chart continues to weaken, signaling diminishing bullish strength. The RSI is also moving sideways around the neutral zone instead of rising higher, indicating reduced buying pressure. Trading volume has decreased after the surge, increasing the likelihood of a short-term pullback toward the MA25 and lower support zones.

According to Cointelegraph, analysts are divided on whether Bitcoin will repeat the historic bear market in May. Bitcoin dropped from nearly $10,000 to about $7,000 in May 2018 and from around $40,000 to $28,500 in May 2022, both occurring during the bear market cycle in the U.S. midterm election years. Analyst Merlijn Enkelaar believes that if history repeats itself, Bitcoin could fall to $33,000. Alphractal founder Joao Wedson suggests that if Bitcoin remains below $78,000, a new capitulation-style bear market could occur. Jeff Ko, Chief Analyst at CoinEx, points out that historical bear markets were caused by specific macroeconomic shocks rather than timing factors. Currently, the adoption of spot ETFs, corporate financial management activities, and the progress of the CLARITY Act have expanded and institutionalized the buying base. Even if a macroeconomic shock occurs, the $60,000-$58,000 price range remains a more reasonable defensive range, and a drop to $33,000 would require a systemic collapse. MN Fund founder Michaël van de Poppe stated that the current price development

Currently, at the beginning of the week market, we should stay out and observe Long and short positions are quite risky at the moment

On May 18, Jupiter Litterbox Trust, a strategic reserve trust fund, increased its holdings by 315,152 JUP tokens, worth approximately $61,000. This brings the total tokens purchased in the month to 8,392,832 JUP tokens, valued at about $1.64 million. To date, the fund's total token purchases amount to 124,554,971 JUP tokens, worth approximately $24.43 million. The Jupiter Strategic Reserve Trust is the official treasury fund on the Jupiter Chain, automatically allocating 50% of Jupiter protocol's revenue to it. Through smart contracts, this fund continuously buys and holds JUP tokens on the open market for the long term, and is often jokingly referred to by the community as the "cat litterbox trust."

Investors should patiently wait for the opportunity to buy the dip. He emphasized that the essence of investing and trading is to restrain greed and control panic, and the upcoming phase could be the most panic-stricken period for the crypto community, with BTC purchases at high prices facing a final major liquidation. He also pointed out five major crises the crypto industry is facing: declining interest among the youth, traditional funds primarily focusing on artificial intelligence, continuous refutation of crypto arguments, celebrities joining the crypto community to make money and then leaving, and industry leaders lacking innovation and capacity building.

Just pick whichever one you like, guys

Let's check the W candle of $BTC. I think the market makers created a bearish candle with the intention of making traders short sell. Currently, I remain optimistic about $BTC, I believe we will soon see BTC reach 92k to liquidate all short positions. At that time, Altcoins will follow and surge strongly, creating an Altcoin season.

Data from Coinglass shows the crypto fear and greed index currently at 27, up 1 point from yesterday. The 7-day average is 35, and the 30-day average is 37.

Lookonchain reports that trader GyBRmk sold 21,911 SOL tokens (worth $1.85 million) after holding them for over two years, incurring a loss of $1.05 million. Over the past two years, he accumulated 20,200 SOL tokens (worth $2.91 million) at an average price of about $144 per token, and used them to stake in order to receive 1,711 SOL tokens (worth $145,000) as collateral deposits. However, due to the price drop, he ultimately lost $1.05 million.