In my opinion, it is necessary to consider a sell in May event, especially since BTC price is at a lower high. Keep in mind that the total crypto market cap has not yet made a new all time high, so as I have previously stated, a bull market has not begun for the entire market (IN MY OPINION). Moreover, I believe the price is undergoing a period of consolidation. I have shared my consolidation trade idea for BTC and will link it here.
However, if the price were to VIOLENTLY break down, I believe that BTC would revisit the $36,000 region and ETH would revisit the $1500 region. In my opinion an astute trader would prepare for this possibility NOW and manage risk.
I AM IN THE BUSINESS OF SPECULATION, SO LET ME SPECULATE!
This trade idea is not financial advice. I am not any kind of financial advisor.
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