$BTC $ETH Stabilize the whole scene, BONK and DOGE are just supporting roles (Night Review 2025-05-18)

During the day, I said:

"This is not volatility, but a restructuring of rhythm."

Looking again at night, it increasingly resembles a solid argument.

🎯 BTC & ETH: The volatility is an illusion, the main forces are writing the script

On the surface, it's a sideways market, but in reality, there are undercurrents:

Options trading has significantly decreased (BTC -68%, ETH declined simultaneously), the main players are collectively on 'silent mode', expecting a window of opportunity;

The positions are being restructured, the long-short ratio is rising, but liquidations are still frequent, clearly a case of 'changing people';

BTC is stuck in a sideways market under pressure from previous highs, while ETH has broken but still holds the lower Bollinger band, both are 'hanging' at critical points.

This is not a lack of direction in the market, but rather that direction is brewing.

🐶 BONK & DOGE: They have risen, but not worth chasing

Today, the meme coins moved, and many thought, "The opportunity has come."

I looked at the data and just want to say: don't rush.

BONK:

Up 10%, but funds are still flowing out;

Positions haven't significantly increased, the main players haven't returned;

More of a stop-loss profit taking on shorts + emotional rebound.

DOGE:

Slightly up 4%, but CVD is still negative;

Order depth has reversed to negative, indicating that the main players are still suppressing;

In short: the retail buying is not the main upward wave.

📌 Why do I watch BTC / ETH every day?

Because these two determine everything.

BTC is the metronome; if it breaks key support, the entire market will follow down;

ETH is the barometer; stabilizing the structure allows meme coins to have a chance.

Watching meme coins without watching the main coins is like watching a movie only for the supporting characters; if the main character hasn't finished their line, you applaud early.

✅ My advice remains:

Do not chase rebounds, only act on structural confirmations;

Wait for the market to speak, rather than guessing what it wants to say.