May 19 Midday Market Analysis

Bitcoin hourly chart highs are gradually moving downward, which is actually the main force inducing a false breakout to shake out traders; after testing the 77,800 resistance yesterday and slightly pulling back, it quickly stabilized after dropping to 76,000, with bulls showing strong support, and bears only exerting short-term pressure without sustained downward momentum.

The current market is at the end of a triangle convergence pattern, with a divergence star formation at the low end indicating a clear bottom reversal signal. After continuous decline, the market has accumulated enough strength, and the pullback is just to gather energy for the subsequent rally. In the short term, there is slight selling pressure around 77,800, which is normal for shakeouts; strong support is formed at 76,000 below. As long as this level is not broken, the market faces no deep downward risk.

Operation Suggestions
Buy in batches around 76,000-76,500 for Bitcoin, targeting 78,500-79,500

Buy in batches around 2,100-2,120 for Ethereum, targeting 2,200-2,280