Bitcoin fell below 77,000; short positions should be held with a target of 75,000.
Chu Yuechen: Bitcoin (ETH) Market Analysis and Trading Reference for May 18th. The current position is rather awkward, so here are my suggestions: 1. Control your impulses and don't rush to buy the dip (I'm saying this three times because it's important). Although it has fallen quite a bit, the biggest negative factor, MACRO (Macroeconomic Research), hasn't been fully digested yet. Technically, Bitcoin has broken through the key support level of 78,000. The current strategy is "better to miss an opportunity than buy the wrong one." I suggest patiently waiting for the price to stabilize, at least until around $75,000 or seeing a clear signal of a volume-driven rebound before considering entering the market. 2. Pay attention to this week's support levels: Bitcoin (BTC): First, see if the psychological level of 75,000 can hold. If it can't, it will look for support around 73,000. Ethereum (ETH): Much weaker than Bitcoin. If it can't hold at 2100, it may go down to 2000 or even 1900. Those holding ETH should be extra cautious. For intraday short-term Bitcoin trading, aggressive traders can short at around 77,000, and add to the short position if there's a rebound to around 78,000, with a stop loss at 78,600 and a target of 75,000. ETH is also in line with Bitcoin short positions; short at around 2130, and add to the short position if it reaches the 2160-2170 range, with a stop loss at 2200 and a target of 2000 USD. Leave a message if you'd like to discuss trading strategies, and I'll provide timely entry and exit signals based on real-time market changes. Yesterday's article suggested short positions between 78,300 and 18,500; those who followed should have profited from that move.