May 20 Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

When rebounds are repeatedly suppressed, it indicates that the bears have never left the market. Looking back at yesterday, Tuesday, the market did not show a clear trending move but mainly oscillated within a range, with bulls and bears tugging back and forth.
During the daytime, Bitcoin repeatedly tested the 77,100-76,500 zone, with several attempts to push above 77,300 being pushed back, and the price briefly dipped to 76,107 before quickly recovering. Overall, the market remains in a bearish dominant trend, with rebounds only serving as weak corrections after sharp declines, not changing the overall downward pattern.
Yesterday, Zhilan's real trading strategy focused on high short positions, with Bitcoin gaining a total of 2,122 points in space, and Ethereum gaining a total of 64 points. This type of market favors short-term quick in-and-out trades; avoiding holding positions is the key to success.

From a multi-timeframe perspective, the current structure remains bearish, with limited short-term rebound strength. Do not blindly bottom-fish. The hourly Bollinger Bands for Bitcoin are narrowing, with the price currently around 76,500, but it has not been able to hold above 77,000. The 77,000-77,500 zone above is a clear resistance, with each attempt to reach it being pushed back. The four-hour moving averages are in a bearish alignment, and the downtrend continuation pattern remains unchanged. The hourly rebound has not been able to break above the middle Bollinger Band, indicating that bullish momentum is severely lacking. The short-term market is still dominated by bears, and any rebound is an opportunity to short. Ethereum is hovering around 2,110, after rebounding to 2,156 yesterday, it quickly fell back, indicating strong resistance at 2,140-2,150. The 2,100 level below could be tested again at any time.
BTC: Rebound in the 77,000-77,500 zone is short, with targets down to 76,000-75,500
ETH: Rebound in the 2,130-2,150 zone is short, with targets down to 2,070-2,050
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