Bitcoin is on the brink of a knockdown

The crypto market capitalisation has fallen by 5.2% over the past seven days to $2.56 trillion, with the decline accelerating in the second half of the week. Over the past 24 hours, the decline amounted to 1.5%, with selling pressure mounting at the start of Asian trading and a pullback towards the 50-day moving average and the lows seen in late April. The market is thus approaching a point at which the bulls' strength will be tested. A move lower would technically break the uptrend that has been in place since early April, and dash hopes of an end to the bear market that has been ongoing since October. Among the most active coins, roughly one in ten is rising, with the heaviest losses seen in Bitcoin Cash (-11.6%), Official Trump (-5.5%) and Doge (-4.6%). Zcash (+3%), Toncoin (+1.8%) and Cosmos (+0.9%) are gaining ground.

Bitcoin appears to be in the bears’ grip. Repeated failures to break above the 200-day moving average have sent the market into a downtrend, pushing the price of the leading cryptocurrency down to $76.6K. A 6% loss over less than four days is hardly a capitulation, but rather a disappointment for those who actively bought crypto in April. This corrective pullback has knocked the price out of the growth channel of the past month and a half. However, the uptrend is not formally considered broken until the price falls below previous local lows. And right now, the market is teetering on the edge. A breach below $76K could be followed by an acceleration of the decline, with potential targets near $65K.

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Gold is on a selling spree

Investors are offloading the precious metal due to rising bond yields.

The factors that have driven the dollar higher since March have returned.

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🇺🇸 US Pre-Market: Mixed 📊

The US stock market is showing mixed trends in pre-market trading, with a slight upward bias driven by gains among some of the largest technology companies.

In the Information Technology sector, NVIDIA (NVDA) is up 1.97%, Micron Technology (MU) is up 2.81%, while Microsoft (MSFT) is down 0.27%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.13%, while Walt Disney (DIS) is down 0.05%.

In the Consumer Discretionary sector, McDonald's (MCD) is up 0.17%.

Moderate risk appetite for major tech names is creating a largely neutral backdrop for the dollar. With no significant flight to safe-haven assets, short-term USD movement is likely to remain subdued, driven by Fed rate expectations and external news rather than domestic equity flows.

▶️ Solana. Fall to $65

Today is Monday, the 18th of May, and we're going to talk about the Solana market, a coin that is currently one of the most interesting markets to trade.

Just a reminder about the major daily time frame, which indicates that we're within a very large trend in which the fifth wave has begun to actively develop with a target of falling to $60-$65.

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🗓 Economic Calendar at 2026/05/19 (GMT)

01:30 🇦🇺 ⚡️ Monetary Policy Meeting Minutes

06:00 🇬🇧 Claimant Count Change — Exp: 23.1K Actual: 26.5K

06:00 🇬🇧 Unemployment Rate — Exp: 4.9% Actual: 5.0%

06:00 🇬🇧 Average Earnings Index — Exp: 3.8% | 3.4% Actual: 4.1% | 3.4%

12:30 🇨🇦 ⚡️ Consumer Price Index — Exp: 0.6% | 3.1% Actual: 0.4% | 2.8%

12:30 🇨🇦 Core CPI Actual: 0.2% | 2.1%

12:30 🇨🇦 Common Core CPI — Exp: 2.6% Actual: 2.5%

12:30 🇨🇦 Trimmed Core CPI — Exp: 2.2% Actual: 2.0%

12:30 🇨🇦 Median Core CPI — Exp: 2.2% Actual: 2.1%

14:00 🇺🇸 Pending Home Sales — Exp: 1.0% Actual: 1.4% | 3.2%


[Updated in real time]

Costco Wave Analysis – 18 May 2026

- Costco broke key resistance level 1062.00

- Likely to rise to resistance level 1077.00

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AUDUSD Wave Analysis – 18 May 2026

- AUDUSD reversed from pivotal support level 0.7110

- Likely to rise to resistance level 0.7265

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Bitcoin Wave Analysis – 18 May 2026

- Bitcoin reversed from resistance zone

- Likely to fall to support level 75000.00

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Stellar Wave Analysis – 18 May 2026

- Stellar broke key support level 0.1450

- Likely to fall to support level 0.1355

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⚠️ Japan — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.3% | 1.3%

🕒 Exp: 0.4% | 1.7%

🎯 Fact.: 0.5% 📈 | 2.1% 📈

⚠️ Australia — Monetary Policy Meeting Minutes at 01:30 GMT

⚠️ Canada — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.9% | 2.4%

🕒 Exp: 0.6% | 3.1%

🎯 Fact.: 0.4% 📉 | 2.8% 📉

🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, particularly among the largest technology companies, indicating a flight from risk within the US market.

In the Information Technology sector, Apple (AAPL) is down 0.65%, while Advanced Micro Devices (AMD) is down 1.48%.

In the Financials sector, Berkshire Hathaway (BRK.B) is down 0.04%, while JPMorgan Chase (JPM) is down 0.05%.

In the Consumer Discretionary sector, Tesla (TSLA) is down 1.05%, while Amazon (AMZN) is down 0.63%.

The predominance of declines among large-cap names is reinforcing risk-off mode: demand is shifting toward more defensive dollar assets and Treasuries, creating conditions for short-term dollar support and limiting interest in riskier currencies.

The dollar is making a tactical retreat

Rumours of talks with Iran have caused the USD index to retreat.

The pound has recouped some of its losses thanks to Labour’s intention to stick to the rules.

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Silver caught in a price trap

After a long period of calm, volatility has returned to the silver market. Silver surged to a two-month high, rallying more than 20% from its May lows in just a week. However, concerns over tighter monetary policy and rising bond yields have since put pressure on prices.

Of course, the current fluctuations cannot be compared to what we saw in January, when a 35% drop occurred in a single day. Investors felt that the rally had gone too far. However, the situation does not yet look like a classic bubble burst, as silver prices are still 130% higher than a year ago, which is suppressing global demand. UBS estimates a 50 million-ounce decline this year, allowing the bank to lower its price forecast from $100 to $85 per ounce by the end of the second quarter.

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🗓 Economic Calendar at 2026/05/20 (GMT)

06:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 0.9% | 3.0% Actual: 0.7% | 2.8%

06:00 🇬🇧 Core CPI — Exp: 2.6% Actual: 2.5%

06:00 🇬🇧 Retail Price Index — Exp: 1.4% | 3.6% Actual: 0.7% | 3.0%

06:00 🇬🇧 Producer Price Index Input — Exp: 1.0% | 5.9% Actual: 2.4% | 7.7%

13:15 🇬🇧 Monetary Policy Report Hearings

14:30 🇺🇸 Crude Oil Inventories — Exp: -2500K Actual: -7863K

18:00 🇺🇸 ⚡️ FOMC Meeting Minutes

22:45 🇳🇿 Trade Balance — Exp: 842M


[Updated in real time]

Qualcomm Wave Analysis – 19 May 2026

- Qualcomm falling inside sharp downward correction b

- Likely to test support level 185.00

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Exxon Wave Analysis – 19 May 2026

- Exxon broke key resistance level 155.00

- Likely to rise to resistance level 165.00

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⚠️ UK — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.7% | 3.3%

🕒 Exp: 0.9% | 3.0%

🎯 Fact.: 0.7% 📉 | 2.8% 📉