Bitcoin/Ethereum has been a significant pullback in recent days after its initial surge, with our previously recommended short positions yielding positive returns. Currently, after a rapid decline in the morning, the market is trading in a narrow range, with an overall weak trend. Bitcoin even broke below its morning low, reaching a low of around 76,000. Tonight and into the early morning, we'll watch whether the previous low of 74,900 (the psychological level of 75,000) can provide support. The daily chart shows a series of consecutive negative days, indicating a weak trend. However, the short-term downside potential is relatively large, and it's approaching short-term support. Tonight and into the early morning, we can consider short-term long positions for a potential rebound. Trading suggestions for tonight: Bitcoin: Buy around 75,800-76,100, with a target of 77,500-78,500; Ethereum: Buy around 2080-2100, with a target of 2150-2180, and further targets at 74,800 and 2050.
Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (May 18)
2026-05-18 15:16:43
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