May 19 Night BTC/ETH Miken Strategy

Since reaching the high point after the passage of the CLARITY bill, Bitcoin has fully retraced its May gains, with the total market liquidation reaching $657 million. Longs account for 89%, and the Fear and Greed Index has dropped from 50 at the bill's passage to the 25-40 range, approaching extreme fear (below 25 is considered extreme fear). On Wednesday, Nvidia announced its earnings report, and on Friday, the new Chair of the Federal Reserve officially took office. The current market is caught between regulatory favorable factors (advancement of the CLARITY bill, SEC tokenization exemption expectations) and macro pressures (high interest rates, geopolitical risks, liquidity tightening). However, the short-term price drivers have shifted from "regulatory expectations" back to "macro liquidity." Sensitivity to US Treasury yields and oil prices remains increasing.
In the context of the Fear and Greed Index approaching extreme fear, lacking incremental buying, any sustainable rebound still requires macro conditions to align. Currently, the key is to participate in market opportunities as all uncertainties gradually turn into certainties.

BTC: Weak oscillation throughout the day, recent volatility driven by news catalysts. The original plan remains unchanged. Watch the movement before and after the US market opens. Currently, 76,666-77,300 is a weak consolidation zone. If the night session price is around 76,000, it serves as short-term support. If the platform remains horizontal but is not repaired, beware of capitulation and loss of patience. The lower boundary of the large box at 74,400 is the target for a rebound. There are two support zones below, which can be monitored during the night session. The upward repair target is the upper boundary of the large box at 78,500. (See chart for details)

ETH: Attempted to test the lower band of 2139-2171 today but lacked momentum, falling back to yesterday’s consolidation zone around 2100. The support range here is narrow; traders need to open positions early, or else risk testing the old support zone of 2038-2075 again. Currently, there are no significant changes in the levels. (See chart for details) #PYTH今日解锁21.3亿枚代币 $ETH