Saturday evening, May 16th, Bitcoin and Ethereum market analysis and trading suggestions

The bearish trend is still ongoing, with new lows constantly being refreshed. Bitcoin has been declining from the high of 81,999, continuously dropping, and the downward trend cannot be stopped. It touched a low of 77,778, with the hourly and 4-hour Bollinger Bands opening downward in sync. The candlesticks are moving along the lower band, and the 80,000 level above has completely become a strong resistance. The rebound has failed to reach the middle band, clearly indicating a bearish dominance.
Ethereum: The trend is weaker than Bitcoin, with a low of 2,166. It broke through the previous support level of 2,180. The lower Bollinger Band has been continuously broken, showing a pattern of lagging behind on the downside and failing to rise. There is heavy selling pressure in the 2,200-2,220 range above. Currently, the bulls have no strength to fight back.

Trading Suggestions
Continue to mainly buy on dips and sell on rebounds, avoid chasing shorts at lows, and pay attention to risk control and stop-loss placement.
BTC: Short in the 78,200-78,400 range, target around 77,500-77,000.
ETH: Short in the 2,180-2,190 range, stop-loss at 2,210, target around 2,150-2,130.
#Gate广场五月交易分享 $BTC ‌$ETH ‌