Yueying: Bitcoin and Ethereum Market Analysis for May 19th - Consecutive Declines, Bulls' Last Stand, and Latest Strategy

On the daily chart, Bitcoin's previous candlestick was pressured by the 7-day moving average and closed lower. Intraday trading opened with continued downward oscillation, testing the lower Bollinger Band support. The Bollinger Bands are flattening, short-term moving averages are turning downwards, the MACD fast and slow lines are extending downwards with increasing volume, the KDJ is trending downwards; watch for support near the 0 level. The VR indicator is consolidating around 130. On the 4-hour chart, the price action is oscillating downwards with weak rebounds, currently trading near the lower Bollinger Band. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with increasing volume, the KDJ is turning downwards; watch for support near the 0 level. The VR indicator is consolidating around 50. Overall, the market has been declining for several consecutive days, breaking through short-term support and about to test the key 75,000 level. Although minor support levels are weakening, the 75,000 level is still a potential support. Therefore, the short-term strategy is to continue buying on dips and look for a rebound. See the short-term recommendations below. Bitcoin short-term recommendation: Buy at 75,600 (take profits as needed after strategy activation). Ethereum's 4-hour chart shows the price action encountering resistance around the 7-day moving average and closing lower, currently testing the lower Bollinger Band support. The overall technical analysis should be referenced in conjunction with Bitcoin's. Short-term resistance is around 2280, and support is around 2050. See the short-term recommendations below. Ethereum short-term recommendation: Buy at 2088 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!