Repulsion from the $BTC/USD crash

2021年5月20日

Yesterday, BTC showed a historic crash. The impact is not limited to the crypto market, it also spread to the stock markets in Japan and the United States.

What I want to pay attention to is daily dead cross.

Even in the past bubble market, all start from the daily dead cross. It took a long time to hit the highest price again.

If you follow the same transition this time,
we can expect a rebound of up to about $48,000 in the short term. From there, we can imagine a scenario in which the price will fall again.

Therefore, we should enter the market little by little in case of the coming double bottom.

On the other hand, altcoins such as ADA, which recovered quickly from here, there is a possibility that the high price will continue to be updated, so it is noteworthy.