2026.5.18 Bitcoin Outlook

Bollinger Bands opening downward with significant divergence, price continuously trading below all moving averages. After a large bearish candle broke below support on May 16, May 17's sideways consolidation was a typical continuation of the downtrend, and today’s increased volume broke lower again, creating a recent new low of 76,666, with no obvious signs of the bearish momentum weakening.

$BTC
Entry: Rebound around 775-779, buy near 785, watch 765-755

Technical analysis: The bearish trend is fully established, and after a continuation of the decline, it broke lower again.

Fundamentals: Bullish positions are continuously liquidated, and bears hold absolute dominance.

Macro perspective: The Federal Reserve's rate hike expectations are heating up, and liquidity continues to tighten.

Market sentiment: Panic is spreading, confidence is collapsing.

Currently, whether from technical, fundamental, macro, or market sentiment perspectives, all indicators point to a bearish trend. Any bottom-fishing behavior without clear signs of a reversal faces a high risk of liquidation. Rebounds are opportunities to short! #加密市场下跌15万人爆仓