Tracking real-time hot topics in the crypto space and seizing the best trading opportunities. Today is Wednesday, May 20, 2026. I am Wang Yibo! Good morning, crypto friends☀ Hardcore fans check-in👍 Like and get rich🍗🍗🌹🌹

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The macro pressure persisted in the early trading session today: the 30-year U.S. Treasury yield surged to the highest since 2007, the dollar index rebounded to 99.30, spot gold fell below $4,500, and the three major U.S. stock indices closed lower collectively, with the Nasdaq down 0.84%, the S&P down 0.67%, and the Dow down 0.65%. The crypto market also came under pressure; after Bitcoin’s short position at $77,200 was successfully closed yesterday, it is now consolidating weakly around $76,000-$76,500. Resistance above has shifted down to $77,000-$77,500, with key support at $75,800-$76,000 in physical terms; Ethereum rebounded to around $2,140 but then retreated again, with support at $2,075-$2,080. A volume breakdown below that could see it drop to $2,050. Geopolitical tensions fluctuate, but inflation expectations are heating up, combined with the hawkish balance sheet reduction after Wosh’s appointment, leading liquidity tightening to dominate the market. The main strategy remains to rebound and short, waiting for clear stabilization signals to bottom out. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, updating strategies in real time.

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Bitcoin found support around $76,000 yesterday and tested near $77,300 before falling back, trading narrowly around that range all day. Although there was a slight dip to $76,111 in the evening followed by a rebound, the current price remains constrained by the $77,000 level, with rebound strength clearly limited. From the 4-hour chart, the price continues to operate below the middle band of the Bollinger Bands (around $77,200), with the middle band sloping downward, exerting significant resistance; the short-term moving averages are all in a bearish alignment, with MA30 pressing down near $77,300, forming dynamic resistance. The MACD lines are in a death cross below the zero axis, with the green histogram shrinking but not yet turning red, indicating that downside momentum has weakened but bulls have not gained control. RSI hovers around 40, indicating weakness. Overall, the technical structure shows “weak recovery from lows, encountering resistance on rebound.” The key resistance zone remains at $77,000-$77,300; only a volume-supported breakthrough of this area can open the way to test $78,000. Support continues to focus on $76,000-$76,100; if broken again, bears may test the $75,500-$75,000 zone. In terms of trading, before the bearish structure reverses, the main approach is to short on rebound resistance, cautiously bottom-fishing.

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Ethereum found support yesterday around the previous low of $2,076 and saw a slight upward correction during the day, but the high was only tested at $2,146 before facing resistance again, indicating insufficient rebound momentum. The evening session was characterized by a small-range pullback, with the price dipping to a low of $2,093, then oscillating narrowly around $2,120. From the 4-hour chart, the price remains below the middle band of the Bollinger Bands (around $2,150), with the middle band sloping downward, forming dynamic resistance; the short-term moving averages MA7/30 are in a bearish alignment, with MA30 pressing down near $2,165, creating an important resistance zone above. The MACD lines are in a death cross below zero, with the green histogram shrinking but not yet turning red, indicating that bearish momentum is slightly converging but not reversing. The KDJ indicator is in a low position near 30, with a golden cross that has flattened again, showing weak rebound strength. RSI remains around 40, indicating weakness. The overall technical structure shows “weak recovery from lows, encountering resistance and falling back.” The key resistance zone is at $2,145-$2,165; only a volume-supported breakthrough can open upward space. Support continues to focus on $2,075-$2,090; if broken again with volume, bears may test $2,050 or even $2,000. The trading approach remains to short on rebound resistance, patiently waiting for clear bottom signals.