PANews
PANews|May 18, 2026 01:12
[Analysis: Bitcoin Testing Key Support Level, Ethereum Triggers Bearish Signal] 10x Research released a report stating that since the release of CPI data on May 13, Bitcoin ETF holders have sold over $1 billion, with market sentiment plummeting from 87% to 45%. Bond yields continue to climb (30-year yield rising to 5.12%). Inflation has returned to the spotlight, and cryptocurrencies are feeling the pressure. The report points out that Bitcoin is testing the 30-day moving average, and a confirmed break below it would indicate deteriorating momentum. Key levels to watch: $79,125 (short-term bull-bear dividing line) and $76,922 (major support level). Ethereum has already triggered a bearish signal. 10x Research states that the current pattern is one of 'two steps forward, one step back,' but the cycle bottom has already emerged.
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