May 19, Tuesday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

No bottom fishing, no holding through losses, go with the trend, only then can you steadily put gains into your pocket.
1. Monday Market Review
All day Monday, the market told everyone directly: the bears are not finished yet. Bitcoin opened around 78,000 early in the morning, then plunged sharply at the start, touching around 76,500, followed by a continuous decline throughout the day, with the evening accelerating downward, hitting a low of 76,010, setting a recent new low. Ethereum also weakened simultaneously, sliding from around 2,194, with a low of about 2,085, also hitting a new low. There was almost no significant rebound all day; every small rally was quickly suppressed, typical of a one-sided crushing market. The daily candle closed with a bearish body, and the bearish structure remains solid.

2. Zhi Lan’s Real Trading Layout
Faced with the clear bearish trend on Monday, Zhi Lan’s strategy was firmly bearish from the morning, with every rebound seen as a shorting opportunity. The strategy perfectly captured the entire decline of the day. Bitcoin repeatedly set short positions throughout the day, gaining a total of 3,003 points of profit, while Ethereum also gained 123 points. Surely no one is still fighting against the trend in such a clear market, right?

3. Current Market Analysis
From the market perspective, the current trend remains dominated by a bearish decline. The slight rebound in the evening was merely a technical correction after a sharp drop, not a reversal signal. The 4-hour Bollinger Bands for Bitcoin are opening downward, with the candlesticks running along the lower band, and the moving averages are arranged in a bearish pattern. The overhead resistance in the 77,000-77,500 range is heavy; the 1-hour rebound has failed to break through the 77,000 level, indicating weak bullish momentum, and the short-term trend is still dominated by bears. The 2,150 level for Ethereum is a strong resistance; the 1-hour rebound around 2,120 was met with resistance and fell back, with support levels continuously moving lower, confirming a clear bearish trend.

4. Trading Suggestions
The current trend is clearly bearish. Focus on shorting during rebounds and control your positions, setting proper stop-losses.
BTC: Short in the 76,700-77,200 range, target around 75,500.
ETH: Short in the 2,110-2,140 range, target around 2,050.