May bear seasonality is coming
Just like the previous summer of 2024, I expect us to chop in this 70k to 95k range with lower lows until the August - September period.
Ways you can profit from these period
- Track low MC high mindshare tokens like $AVA which can move even in bearish conditions
- Short $XRP, $SOL, tokens with high unlocks and lack of momentum
- Preserve capital
Current price action heavily reminds me of the same April period where we almost reached new highs on $BTC above 70k before going back down.
Reasons to be bearish include:
- Fed deciding not to take any action on rate reductions
- Summer seasonality
- Lack of momentum for equities and alts
Stay careful out there
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