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Trend reversal, will the bulls fully rebound tonight?
Bitcoin broke out of the triangle consolidation zone in the early morning and hit a new high. It is now retesting the upper boundary of this zone at 67,550. As long as this level holds, the rebound will continue, targeting around 69,556; if it falls below 67,550 and drops back into the range, it will test 66,732 and the lower boundary at 66,250. If it breaks below those, the next support is at 65,512.
Currently, Bitcoin's market is mainly driven by news sentiment, with good and bad news coming suddenly, making it unpredictable. Everyone should stay calm in such situations and wait for a more stable opportunity before taking action.
$BTC For Bitcoin to continue rebounding, it must hold above 68,113. If it cannot, it will likely oscillate narrowly between 68,113 and 67,550. Only a breakout above the resistance or a breakdown below the support will indicate a clear direction.
Upper resistance levels: 68,025, 68,938, 69,472
Lower support levels: 67,468, 66,518, 66,057
$ETH Ethereum is forming an expanding trumpet pattern, with a W bottom inside. The neckline at 2,079 has been retested and confirmed as support. Currently, it is attempting to break through the trumpet pattern. A successful breakout could target 2,141 and higher; if it falls below the 2,079 neckline, it may retrace to around 2,048-2,010. As long as it does not fall below 2,010, the hourly upward trend remains intact.
If it falls below 2,075 on the 4-hour chart, support levels are at 2,021 and 1,983.
Upper resistance levels: 2,115, 2,158, 2,200
Lower support levels: 2,074, 2,041, 2,012