5.29 Early morning 00:08

Summary: The posts I shared indicated that from the 28th to the 29th, a true direction would emerge, and the market would decline as expected.
Host analysis: The trend of Bitcoin and Ethereum is synchronized, with a weekly top forming. This trend is just beginning, so don’t rush to buy the dip. Currently, Bitcoin and Ethereum on the 4-hour chart have fallen too much, with no room to decline further. Wait for a rebound to short (it might also move sideways instead of rising, which could take about 3 days).
Key reminder: Bitcoin’s upward trend line from the bottom at 60k on the daily chart has not been broken. For those holding long positions and unwilling to cut losses, you can set a stop loss around 70,800 with a 900-point stop, and add to your position. There should be a rebound space of 2,000 to 3,000 points here.
Ethereum’s trend is much weaker than Bitcoin’s. When the 2,160 support level was broken on the daily chart, the bullish structure was already damaged. Those holding long positions can add to their positions at the important support of 1,920, which should help you get out of the position.