Current Time: 05-23 | Tone: Weekend sharp decline, BTC breaks down, ETH deep correction, overall weakness

1. BTC Bitcoin
Trend judgment
Volume surge and plunge early morning, broke below the key support of 76,500, lowest at 75,668; daily chart continues to weaken, 4-hour short-term downtrend accelerates, mainly weak in the short term, rebounds are all trap trades, weekend liquidity is poor, volatility amplifies.
Key levels
Strong resistance: 76,800 (R1) → 77,500 → 78,200
Strong support: 75,600 (intraday low) → 75,000 → 74,300
Core range: 75,000–76,800
Morning trading ideas
Rebound short: Sell in batches at 76,500–76,800,
Stop loss at 77,300,
Targets 75,800, 75,200
Overly oversold long (small position): 74,800–75,200 light position try long,
Stop loss at 74,300,
Targets 76,200
Breakdown: Break below 75,000 and follow the trend to short, target 74,300
2. ETH Ethereum
Trend judgment
Linked with BTC’s sharp decline, lost 2,100, lowest at 2,058; decline greater than BTC, obvious weakness, lack of rebound strength, difficult to recover above 2,100 in the short term.
Key levels
Resistance: 2,100 → 2,140
Support: 2,050 (intraday low) → 2,000 (psychological level)
Trading ideas
Rebound short: Short at 2,090–2,100,
Stop loss at 2,130,
Targets 2,050, 2,010
Rapid decline long (small position): 2,000–2,030 try long,
Stop loss at 1,980,
Targets 2,080
3. Market sentiment & risk control
Total market cap: $2.62 trillion, down $50 billion in 24h, panic spreading
News: Fed hawkish expectations + weekend liquidity is light, negative factors stacking
Risk control: 20–30% position, strict stop loss; large weekend volatility, avoid heavy positions and large orders
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