$BTC 5.19 Evening Bitcoin and Ethereum Latest Ideas and Analysis



Leave the anxiety to stop-loss, and entrust the ambition to compound interest.
This round, we are betting on the opportunity for social mobility.
Reviewing the afternoon, Bitcoin climbed to a high of 77,286 before entering a bearish acceleration downward.
Currently at 76,650.
Ethereum has dropped from its high of 2,143 to the current level of 2,110.
So, the short-term strategy given by Lao Lei in the afternoon is basically the same.
In the afternoon, he also led traders to double their profits on Ethereum, earning 10,000 🔪.

Based on the current market chart, the four-hour trend of Bitcoin shows that the bulls are at their last strength.
These few candlesticks are very clear: each rebound high is lower than the previous, a classic descending flag pattern.
Some say it’s a bottoming process; Lao Lei sees it more as a continuation of the decline.
Every rebound hits resistance and gets pushed down again, with heavy selling pressure above, and no funds willing to chase higher.
On the four-hour chart, the MACD has been below the zero line, with multiple golden crosses unable to break above it, indicating weak bullish counterattack.
Volume is even more obvious — decreasing volume on rebounds and increasing volume on declines, the most classic signal of capital fleeing.
The current price remains below the moving average system, with EMA34 and EMA60 in a bearish alignment, so any rebound will be seen as an exit opportunity.

Lao Lei has been trading for nearly twenty years and has seen many such charts.
It looks like support is holding, but in reality, it’s waiting for a breakdown opportunity.
Once the key support is broken, the downside space is large, and stop-loss orders from bulls will trigger a chain reaction.

5.19 Evening Trading Strategy
Around 77,000 for Bitcoin, go short; target 75,800
Around 2,120 for Ethereum, go short; target 2,076
BTC-0.18%
ETH-0.53%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned