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May 19, Tuesday Morning Market Analysis
Yesterday's market was dominated by a continuous bearish trend, with bulls being repeatedly liquidated.
In the morning, there was a volume-driven decline breaking below 78,000, and during the daytime, it moved sideways to gather strength.
After a brief rebound on the news front, the US session weakened again, with a low of 76,051.
The daily chart closed with consecutive bearish candles, with the highs continuously moving lower.
The bearish trend is fully formed, and all rebounds are just traps to lure in buyers.
Trading ideas
BTC: Short at 77,500-77,900, target 75,500
ETH: Short at 2,140-2,150, target 2,050
$BTC $ETH