【5.19】Bitcoin / Ethereum Market Analysis and Trading Strategy

Brothers, for the first three days of this week, the market is very likely still relatively weak. The bulls probably won’t be able to pick back up until the end of the week or next week. So if you have extra positions, keep your patience—don’t rush.

With 75,000 almost here, even if you’re currently in cash (no position), don’t act impulsively. Although I personally don’t think 75,000 will break down, who can say for sure about a “wild” turn of events? It’s not possible that it would keep falling and go below 70,000, right? Looking at the bigger structure, that’s not expected.

On the daily timeframe, the bullish structure has already broken down. Price action is in a deep pullback, and bearish momentum keeps strengthening. 78,000–79,000 is clearly under heavy pressure, and 75,000 is the next key support level. On the 4-hour timeframe, it maintains a downward trend—moving averages are pressing from above on the bearish side. Any rebounds don’t have much follow-through, so overall it remains biased to the downside. On the 1-hour timeframe, after being oversold, price is consolidating and repairing at low levels. Rebound momentum is insufficient, so the probability of a further pullback and downside pressure in the short term is high.

In terms of execution: watch more, trade less. Wait for signs that things stabilize around 75,000 before considering going long. Don’t rush to buy the dip now.

5.19 Bitcoin trading strategy:
1、Short around 77,400, protect at 78,400, target around 75,600
2、Long around 75,000, protect at 74,000, target around 76,600

5.19 Ethereum trading strategy:
1、Short around 2,140, protect at 2,180, target around 2,035
2、Long around 2,025, protect at 1,985, target around 2,125
$BTC $ETH #PYTH今日解锁21.3亿枚代币