$BTC $ETH May 17 Evening Analysis

✅ ETH: Bearish main structure, limited rebound space

The current rebound is only a weak HL repair after the decline;

Severe liquidation of long positions, high long/short ratio, indicating that retail long positions are still unwilling to give up, making it easier for the institutions to continue to suppress;

The structure has not stood above 2520 and lacks effective momentum, so the short-term structure remains "rebound means short";

Pay attention to whether the support at 2440-2450 holds. If it breaks down, the structure will further move downwards.

✅ BTC: Possible slight rebound, but still a weak repair

Market sentiment is neutral to slightly bearish, and the liquidation structure is not as extreme as ETH, allowing for some rebound repair;

Currently stabilizing after HL and moving higher in a fluctuating manner, CVD slightly warming up, but the structure has not completed HH;

If resistance occurs in the 103,600–103,800 balance zone, it may also turn weak again;

There are no strong conditions for a sustained upward attack, more like a "dead cat bounce" type of consolidation.