Yueying: Bitcoin and Ethereum Market Analysis (May 17-18) - Can the Bulls Rebound After Breaking Through the Middle Band? (Includes Current Price Strategy)

Bitcoin's daily chart shows two consecutive bearish candles, breaking below the middle Bollinger Band and briefly breaching 78,000. Intraday opening saw slight consolidation at lower levels. The Bollinger Bands are flattening and narrowing, with short-term moving averages turning downwards. The MACD fast and slow lines are trending downwards with increasing volume. The KDJ is extending downwards; watch for support near the 0 level. The VR indicator is consolidating around 150. On the 4-hour chart, the price found support at the lower Bollinger Band and is currently trading above the 7-day moving average. The Bollinger Bands are widening downwards, while short-term moving averages are slightly upwards. The MACD fast and slow lines are turning upwards with decreasing volume. The KDJ is crossing upwards; watch for resistance near the 50 level. The VR indicator is consolidating around 50. Overall, after Friday's decline, the price broke below the daily middle Bollinger Band, and Saturday saw a continuation of the downward movement. Currently, it's temporarily halted and consolidating within a small range. From a candlestick pattern perspective, although the pullback broke the trendline and the daily middle Bollinger Band, significant support lies around 75,000. As long as this strong support holds, the overall bullish trend remains intact. Conversely, a break below this level would indicate a temporary top and a deeper pullback. In the short term, we can still try to rebound from the current low point, targeting the short-term resistance around the daily moving average and the 7-day moving average. Short-term suggestions: Bitcoin: Buy at the current price of 78150, targeting around 80000 (take profits as needed after strategy activation). Ethereum: The 4-hour chart shows a small-range upward oscillation following Bitcoin, currently above the 7-day moving average. The overall technical trend can be referenced in conjunction with this. The short-term resistance is around 2300, and the support is around 2100. Short-term suggestions: Ethereum: Buy at the current price of 2190, targeting 2280 (take profits as needed after strategy activation). —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!