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May 19 Market Report — Key Coins Overview
BTC saw a slight dip yesterday, with the overall downtrend still intact. On the 4-hour chart, it broke below 78,000 but the retrace hasn’t held yet. Volume is declining slightly with a mild recovery, and there’s a faint bullish divergence forming. Nothing major to worry about. We can keep watching for sell entries on bounces. For those who already shorted around 80,000-82,000, hold tight and wait for further downside. The daily chart has broken the uptrend channel, and selling volume is starting to pick up. Weak rebounds = more selling opportunities.
ETH is following BTC lower in sync. The 4-hour chart shows a slight volume increase and it’s now in oversold territory. Keep an eye on the 2,150-2,200 zone for a potential bounce. If the recovery is weak, we can look for more short entries. The daily trend has broken out of its range, so watch if selling volume continues to rise. The primary direction remains bearish.
Crude oil is heavily influenced by fundamentals. Those who entered around 105 can hold, and consider adding on a move toward 110, waiting for a pullback.
Fundamental note: US-Iran tensions remain stable recently. Keep monitoring for any developments.
Key intraday support and resistance levels:
BTC: Support at 75,500-76,000, resistance at 77,500-78,000
ETH: Support at 2,050-2,100, resistance at 2,150-2,200
Stay sharp and manage your risk.
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