Li Mingyang's Midday Market Analysis and Positioning on 5.26

ETH Key Range: 2053-2149, currently in the correction phase after a decline, with highs gradually decreasing, dominated by a bearish trend

Resistance levels: 2101, 2125, 2149; Support levels: 2077, 2053

Short positions: Enter when rebounding to the 2101-2110 zone faces resistance and pulls back, set stop-loss above 2126, take profit at 2077, and if broken, look at 2055.

Long positions: During a rebound to the 2077-2080 zone with stable bullish candles, try a small position, set stop-loss below 2070, take profit near 2100, quick in and out.

Price spikes and pulls back, weak rebound, bearish trend not reversed.

BTC Key Range: 75523-78061, currently in the correction phase after a decline, 77850 is a clear stage top, with very strong selling pressure.

Resistance levels: 77427, 77850; Support levels: 76158, 75523

Short positions: Enter when rebounding to the 77200-77400 zone faces resistance and pulls back, set stop-loss above 77900, take profit at 76200, and if broken, look at 75600.

Long positions: During a rebound to the 76150-76300 zone with stable bullish candles, try a small position, set stop-loss below 76000, take profit near 76850, quick in and out.

The hourly charts of both assets are highly similar, both showing weak rebounds within a downtrend, with no reversal signals from the bulls. The risk of chasing longs is much greater than shorting at high points. Trading should focus on short positions at key resistance levels, with stop-loss above the stage highs to avoid false breakouts. Long positions are only suitable for small, short-term attempts with strict stop-losses; overnight holding is not recommended. Market volatility is high, so keep positions light, avoid holding large positions, and strictly follow the trading plan. $ETH