Tracking real-time hot topics in the crypto space and seizing the best trading opportunities. Today is Saturday, May 16, 2026. I am Wang Yibo! Good morning, crypto friends ☀ loyal fans check-in 👍 Like and get rich 🍗🍗🌹🌹

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On Friday, the three major indices closed lower, with technology stocks significantly retreating. U.S. stocks closed with the Dow down 1.07%, the S&P 500 down 1.24%, and the Nasdaq down 1.54%. Technology stocks broadly declined, with Micron Technology (MU.O) plunging 6.62%, Intel (INTC.O) down 6.18%, NVIDIA (NVDA.O) down 4.42%, and Tesla (TSLA.O) down 4.75%. On Friday, U.S. Treasury yields surged sharply— the 10-year Treasury yield jumped to 4.595%, hitting a new high since February 2025, and the 30-year Treasury yield broke through 5.127%, the highest closing level since July 2007. Market concerns over persistent Middle East deadlock-driven inflation are rapidly pricing in, oil prices continue to rise, and Trump's tough stance on the Strait of Hormuz further elevated geopolitical risk premiums. Previously strong gains in the Korean KOSPI index tumbled over 6%, and global risk assets faced systemic sell-offs. The crypto market was not immune to this macro resonance. Bitcoin and Ethereum sharply declined from their recent highs, with the previously supportive downtrend channel directly broken—Bitcoin lost the $80k level and accelerated downward, testing previous lows; Ethereum also broke below the critical support of $2,250, deepening its weak pattern. Notably, this decline is not driven by internal crypto narratives but results from external factors—rising U.S. bond yields, increasing inflation expectations, and widespread declines in global stock markets. As the weekend approaches, liquidity will significantly shrink, likely easing the decline temporarily, and the market will enter a low-volatility consolidation phase. Short-term bears should be cautious of weekend correction risks; previous short positions can be partially reduced at key support zones (Bitcoin $78,500–$79,000, Ethereum $2,200–$2,220). The true directional decision still depends on next week’s macro sentiment and further developments in U.S. bond yields. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, providing real-time strategy updates.

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Bitcoin has been under pressure since the high of $81,988 two days ago, with short positions profiting smoothly in the morning. In the afternoon, the price briefly built a support level around $80,200 but was sharply hit by negative news, breaking through several recent support levels, with a low near $78,600, creating a new low for this correction. Subsequently, the market entered a bottoming oscillation, with an evening rebound testing $79,500 but failing to stabilize, currently consolidating around $79,000. Technically, the 4-hour chart shows a pattern of “breakdown and accelerated decline—weak recovery at lows,” with price below all short-term moving averages, MACD still diverging downward with a death cross, and RSI hovering around 35, indicating weak rebound strength. The zone of $80,200–$80,500, which was broken yesterday, has become a strong resistance zone, with $78,600 as the short-term low support. Liquidity diminishes over the weekend, and market volatility is expected to narrow, likely oscillating within the range of $78,500–$79,800. Maintain a range-bound trading approach; aggressive traders can try long positions near the lower boundary and short positions near the upper boundary, while cautious traders may wait for macro sentiment clarity next week.

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Ethereum’s movement is linked to Bitcoin, starting its correction from the previous high of $2,318. The entry point for strategies moved lower to below $2,290. In the afternoon, the price fell to $2,245, forming a short-term support level, with a rebound to around $2,270 but unable to extend further, then resumed downward. The evening saw a low of $2,204, hitting a recent new low, followed by a slight stabilization, currently oscillating around $2,220. Technically, the 4-hour chart shows a “gradually decreasing highs and lower lows” downward channel, with price under pressure from short-term moving averages (MA7/30), MACD still diverging downward with a negative momentum histogram, and RSI around 35, indicating weak rebound strength. The previous zone of $2,250–$2,270 has become a clear resistance zone, with short-term support at $2,200–$2,204. Liquidity drops over the weekend, and volatility is expected to narrow, with Ethereum likely oscillating within $2,200–$2,270. Operate with a cautious approach: aggressive traders can lightly buy near the support and sell near resistance, while conservative traders should wait for macro sentiment clarity next week to decide on the direction.