May 18th, Monday, Zhongling's Morning BTC/ETH Market Update

Bitcoin briefly tested around 78,400 in the morning before gradually declining, with the lowest dropping to around 77,600. Overall volatility was not significant, but the price continuously shifted downward, showing weakness. ETH also followed the weak trend, reaching a high of around 2,190 before encountering resistance and moving lower, with the lowest around 2,160. There was no substantial rebound during the session, and the bulls were completely suppressed.

The daily chart clearly shows a bearish pattern has been established, and the hourly chart remains under downward channel pressure. Each rebound lacks sufficient trading volume. Fundamentally, the Fed's rate hike expectations have risen again, coupled with turmoil in the Middle East, causing high-risk assets to continue under high interest rate pressure. Institutions are continuously selling at high levels, and the bearish forces have fully taken control of the market.

Operational Suggestions:
Buy within the 78,600-78,100 range for Bitcoin, target 76,000 intraday!
Buy within the 2,190-2,200 range for ETH, target 2,090 intraday.
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