Bitcoin Ethereum multiple-heads failed to rebound, is it a pullback or a complete dispersal?

Yesterday, Bitcoin tried twice to break through the 70300 high but failed both times. The last attempt, although reaching higher, left two long upper shadows with double pin bars at the top, indicating heavy selling pressure above. Subsequently, the price not only pulled back but also broke below the key support at 68811, meaning the previously hard-won bullish position around 69500 has been broken.

$BTC Although there was a rebound afterward, it failed to regain lost ground and instead formed an isolated high at 69129. Now, 69129 is a big hurdle; to rise, it must stabilize above this level with volume, then have a chance to challenge 70292.

If a volume breakout above 69129 occurs, there is hope for a rebound. If it cannot break above 69129 and even falls below the previous low of 68265, the decline will accelerate, first testing 67861. If 67861 cannot hold, then look for support at 66469. If that level also breaks, it will be a case of how it rose, how it falls back.

$ETH Focus on the acceleration line; no breaking, no establishing. Currently, the main focus is on the 2121 and 2085 levels.

A volume breakout above 2121 could be promising; if it stabilizes on the hourly chart above 2121, look higher toward 2155-2198. Around 2198 is a good shorting point.

If the rebound cannot close above 2119, the market will continue to pull back, with support zones at 2086-2073. Once this zone is broken, the decline has just begun. The worst-case scenario is breaking below the 2020 bullish trend line, which would mean a decisive downward move.

Watch the breakout of 69129 for Bitcoin, and monitor the recovery of 2119 for Ethereum. Keep stop-losses in place and trade with the trend.