5.19 Early Morning Bitcoin and Ethereum Market Analysis

On Monday, an intraday strategy was shared: 78,000 is the key level where the prior price rebound surged, and it is also the current key resistance area. The intraday rebound looks relatively strong, but a short-term positive news wave later in the evening pulled the price to around 77,700—this is also the ideal entry point in the strategy. We seized this opportunity. Of course, many friends also chose to chase the rebound, and some even moved their original stop-loss orders to chase it—this is why they couldn’t hold.

In the early morning, the larger BTC market is consolidating at lower levels after the pullback. The daily price is about to reach the lower band region, showing strong bullish momentum. Buying and support at the 76,000 level helped halt the decline for the moment. If it breaks below 76,000, you can temporarily look at the 75,500–75,700 range. However, note that the extent of the bullish momentum release is not very clear; the KDJ shows signs of turning. During the rebound, watch for resistance above 77,000. As for ETH, you can follow the move and look for BTC to break the downtrend, and then watch to follow the previous low at 2,085. If there is a rebound and repair, you can look toward 2,130. #加密市场下跌15万人爆仓