3.6 Midday Bitcoin and Ethereum Analysis!

First, let's look at Bitcoin:
On the hourly chart, it just broke below a bearish flag pattern, retested the previous high around 70117, and now confirms support is holding, showing signs of a rebound. The two candlesticks below that look like needles piercing downward—whether they form a "double needle bottom" is still uncertain. For this pattern to be valid, a higher high than before must be created.

The most critical resistance level above Bitcoin now is the neckline at 71623. If a volume breakout occurs here, it could lead to a higher high, and the double needle bottom pattern would naturally be confirmed. The market could then return to trading within the flag pattern, aiming for the resistance at 72731, or even challenge the previous high or set a new high. Conversely, if it cannot break above 71623, this rebound will be over, and there's no need to look higher.

The support line for the bullish trend below is also very important, around the 70,000 mark. As long as this line isn't broken, Bitcoin won't experience a deep correction; once it falls below 70,000, a correction will officially begin.

So today, focus on two key levels: if it can't break above 71623, it won't rise; if it doesn't fall below 70,000, it won't drop. If it can't go up or down, it will consolidate in the 71626-70000 range. For trading, a volume breakout above 71623 can be considered a long entry on the right side; a volume breakdown below 70562 with a failed rebound can be considered a short entry, remember to set proper stop-losses.

Now, let's look at Ethereum:
It just broke below a triangle pattern, and the lower boundary of this triangle now acts as resistance. If it can re-enter the triangle, it can aim for the previous high; if it can't, don't expect much upside. If it breaks below the support at 2055, this rally will end, and the next target will be 1985.

For trading, a volume breakout above 2094 can be a long entry, with a proper stop-loss; a volume breakdown below 2059 can be a short entry. A retest of 2001 confirming support can add a long position, with a stop-loss below 1968. If it reaches 2155, consider shorting with a stop-loss above 2200. A buy order at 1926 can be placed on the left side, with a stop-loss below 1887.

Summary:
$BTC Bitcoin: Resistance at 71623-72731-73381, support at 70090-69121-68197. On the hourly chart, a breakout above 71623 targets 72731-73381; on the 4-hour chart, a breakdown below 70393 targets 69365-68189.

$ETH Ethereum: Resistance at 2094-2155-2198, support at 2035-2000-1963. On the hourly chart, a steady hold above 2094 targets 2155-2198; on the 4-hour chart, a breakdown below 2054 targets 2005-1950.

Focus on these key levels today, avoid reckless trades, and set proper stop-losses.