Bitcoin broke through the previous high of 71777 last night and created a new high, but failed to stay above this level. It attempted to push higher three times but couldn't hold, forming a trident pattern before beginning to pull back and breaking below the key support of 71490. During the pullback, two attempts to rebound above 71490 both failed.



Currently, the key to Bitcoin's upward movement is not breaking the neckline of the triangle's lower boundary. As long as it remains within the triangle range, there is potential for further rise. Once it breaks this range, the support at 70057 will also be broken, forming an M-top pattern, followed by a decline to 68825. If it breaks below this level, it will head straight to the previous low of 67307. To resume the upward trend, it must stay above 71490.

$BTC Direction: On the hourly chart, stay above 71325 to see a move toward 71989-72940; if the 4-hour chart breaks below 70742, it will fall to 69347-68025. Resistance levels: 71325-71989-72940; support levels: 70769-69319-68285.

For Ethereum, the previous wedge pattern has already broken. Now it depends on whether 2105 can hold. If it does, it will oscillate between 2105 and 2197; if it cannot, it will sharply fall straight to 2022.

$ETH Direction: If the 4-hour chart breaks below 2143, watch for 2104-2051. Resistance levels: 2168-2200-2231; support levels: 2129-2085-2047.
BTC-1.45%
ETH-2.33%
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