Sunday, May 18, 2025

From the daily chart perspective, the candlestick has continuously formed solid bearish candles, showing a staircase-like downward trend. The MA5 and MA10 moving averages have formed a death cross resonance, and the short-term moving average system is arranged in a bearish manner, significantly pressuring the price. The RSI indicator continues to operate below the oversold zone of 30, indicating that the bearish force dominates, with no obvious signs of a stop in the decline. The weekly chart shows even weaker momentum, with the price accelerating downward after breaking through key support levels, and the moving average system diverging downward. The MACD double lines continue to decline below the zero axis, and the green bars are continuously lengthening, indicating that the medium-term downward trend is still ongoing.

Switching to the 15-minute chart, although there is a brief rebound in the market, it is constrained by the downward trend line, and the candlestick pattern presents a small bearish and bullish fluctuation pattern. The Bollinger Bands are opening downwards, with the middle line becoming a strong resistance level for rebounds. The KDJ indicator repeatedly entangles in the oversold zone without forming an effective golden cross. At the same time, after the MACD indicator's death cross below the zero axis continues to diverge, although the green bars occasionally shorten, they quickly expand again, indicating that the rebound strength is extremely weak and bears may launch a new offensive at any time. Therefore, Ye Wei suggests capturing the rebound high points and primarily positioning short orders on highs.

In terms of trading, Ye Wei personally advises to short Bitcoin at 103800-104100, targeting around 102600!

Short Ethereum around 2510, targeting around 2455!#山寨季何时到来？