Even though Bitcoin has once again pushed to a new high, it’s only a feint upward—an upside needle-piercing fake breakout. The candlestick body hasn’t even managed to firmly hold above the prior high of 72876. This point must be watched with extra caution. Especially around 72700: three consecutive candlesticks are sticking upward with needles, but they never close above the 72876 resistance level. Most likely, this will form a trident pattern, and at the hourly level, there is a high probability of a pullback.

At the moment, as long as Bitcoin retraces without breaking below 71719—without falling back into the wedge pattern—there won’t be a major drop. Once it falls back, it will retrace to 70484; if that support can’t hold, it could move down to 69279. The 70484 support has already been tested twice. If it falls again and can’t make a new high, this support will most likely break. To keep the rebound going, the body must stay above 72879, so it can push toward 73989. If it breaks below 70484, the hourly upward move will be over. If the 4-hour level breaks below 71535, then watch the 70490–69329 range.

Next, look at Ethereum: it seems to break out in a bullish flag pattern, but it’s actually a false breakout of the 2233 resistance. After that, it retraced and broke below the 2193 support. If it can’t reclaim 2193, the downtrend will intensify, heading straight to 2158. If it breaks below 2158, the previous bullish trend will end.
$BTC Bitcoin resistance above: 72121-73251-74286
Bitcoin support below: 71527-70456-69192
$ETH Ethereum: on the 4-hour level, if it breaks below 2159, watch 2088-2028#加密市场回升