Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Tuesday, May 12, 2026. I am Wang Yibo! Good morning to all crypto friends☀ Iron fans check-in👍 Like and get rich🍗🍗🌹🌹

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U.S. stocks closed on Monday, with the Dow initially up 0.19%, the S&P 500 up 0.19%, and the Nasdaq up 0.1%. Nvidia (NVDA.O), Qualcomm (QCOM.O), Intel (INTC.O), Micron Technology (MU.O), and Western Digital (WDC.O) all hit new record closing highs. Yesterday, due to the breakdown of US-Iran negotiations and renewed geopolitical risks, the dollar and US bond yields surged then retreated. Precious metals and crude oil rebounded strongly, but the crypto market did not follow the safe-haven assets' rally; instead, it showed a tug-of-war pattern of "rising then falling": Bitcoin tested the previous high near $82,400 again but faced resistance and pulled back; Ethereum also attempted to reach the $2,380 area but failed to stabilize. All daily candles showed upper shadows, indicating that while bulls have the intention to push higher, volume is insufficient, and there is clear selling pressure at previous highs. The macro environment provides a safe-haven support below, but technically, there is obvious resistance around the previous high, and the two have not resonated upward. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, updating strategies in real time.

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Bitcoin yesterday was driven by news sentiment, quickly falling to around 80,210, then rebounding sharply. It surged to test the resistance at 82,400 but faced selling pressure and pulled back, creating a typical rollercoaster pattern. After midday, the market entered sideways consolidation. In the evening, it dipped again to retest support at 80,410, then stabilized and rebounded. The high at the end of the session was around 82,000, maintaining a high-level sideways pattern. From a technical perspective, the overall range is between 80,200 and 82,400, with repeated tug-of-war. Bottoms are quickly recovered, and rallies are met with resistance and pullbacks. The bulls and bears are fiercely contesting, with obvious shakeouts. The market is temporarily in a range-bound state, waiting for a breakout direction.

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Ethereum yesterday morning was affected by news sentiment, leading to a downward spike, with the price dropping to around 2,311. Afterward, buying interest quickly supported and pushed the price higher. It surged to test resistance at $2,380 but faced selling pressure and pulled back. Throughout the midday and evening, it maintained sideways consolidation. Later, it dipped slightly again to retest support at 2,302, then moved higher again, reaching a high of around 2,345 before pausing and entering a high-level consolidation. From a technical perspective, the market fluctuated within a broad range of 2,302 to 2,380, with multiple quick rebounds from support and resistance encounters. The price action shows intense battle between bulls and bears, with moving averages and indicators winding into a flat state, indicating a clear consolidation pattern. There is no short-term directional bias, and the market remains in a range waiting for a breakout.