May 18th, Brother Chuan's Morning Market Analysis:

The upper band of the 1-hour Bollinger Bands continues to decline under pressure, with the current price at 78,205 repeatedly rebounding and testing the middle band at 78,170 but failing to stabilize effectively. The upper band at 78,447 and the middle band are turning downward in sync, while the lower band at 77,893 is gradually rising. After the channel narrows, it shows a diverging downward pattern, severely limiting short-term rebound space.

Trading volume and candlestick patterns show weakness, with rebound bullish candles generally having small bodies, and selling pressure continues to be released above. The market is dominated by bears. The price is weakly oscillating below the middle Bollinger Band, which has turned into a strong resistance level. Every rebound is a good opportunity for bears to enter.

If the market cannot break through the upper resistance near 78,450, the downtrend will continue, likely probing the lower Bollinger Band and previous low support levels.

Trading strategy: Mainly short on rebounds, strictly manage risk based on the upper Bollinger Band.

Operational suggestions:
Bitcoin (BTC) in the 78,000–79,000 range, targeting 76,000–77,000.
Ethereum (ETH) in the 2,185–2,220 range, targeting 2,150–2,120.