▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Bitcoin is currently in a corrective phase, trading inside a descending channel on the 4-hour timeframe after getting rejected from the $82K resistance zone. The critical support level to watch is $74K–$75K, which has historically been a strong demand zone. A reclaim of $78K–$79K could push price back toward $82K, but a break below $74K may open downside toward $70K and lower.
Ethereum is underperforming BTC, struggling below all major moving averages with $2,100 acting as a short-term stabilization area. Institutional sentiment is also weak, with $1.64B in Bitcoin ETF outflows and $341M in Ethereum ETF outflows recorded between May 11–18. Macro headwinds — rising bond yields, Iran tensions, and fading Fed rate cut hopes — are adding further pressure. Key events to watch this week include FOMC Minutes and Nvidia earnings on May 20, followed by Flash PMI data on May 21. Overall, expect continued volatility and range-bound price action until macro clarity returns.
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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