May 29, 12:10 PM

Yesterday’s summary: Analyzed at midnight last night, the 4-hour chart shows no downward space, subsequent movement will be either a rebound or sideways consolidation.
Analysis: Bitcoin’s rebound is weak, the 1-hour chart shows the bottom rising, missing a high point, which could lead to a top formation. The 4-hour chart shows pure sideways correction with low buying volume.
The second coin’s trend is slightly stronger than Bitcoin’s, with a double bottom on the 1-hour chart, and the 1965 support is effective. The 4-hour chart shows oscillating upward.
Macro analysis: According to on-chain data from various exchanges, 90% of retail investors are shorting, so the market can’t fall further for now.
Possible sideways consolidation in the next 40%, strong rebound has a 60% chance.
Next strategy: Wait for the market to rebound or consolidate sideways for 2 to 3 days, then look for shorting opportunities. Do not chase shorts.
Wait for the right entry point, set up mid-term short positions, keep positions small, set wider stop-losses, and aim for 8,000–15,000 points profit on Bitcoin.
Second coin: target 200–300 points profit.
BTC: Short 75,300 main position, add at 76,100, stop loss at 77,600 (77,600 must close above the 4-hour candle body).
ETH: Short 2,065 main position, add at 2,095, stop loss at 2,135 (2,135 must close above the 4-hour candle body).
Short-term:
ETH: Long at 2,000–2,005, stop loss at 1,995 (reduce at 2,020, take profit at 2,055).
BTC: Long at 73,400–73,500, stop loss at 73,100 (reduce at 74,300, take profit at 75,200).
After reducing all positions, Bitcoin can push up 150 points to break even, then look for upward opportunities.
Second coin can push 3 points to break even, then look for upward opportunities.