Bull and bear trend completely reversed, is a bull return?

This weekend's market initially played a fake dip, breaking below the trendline and then quickly bouncing back, firmly holding the bottom line at 66,225-66,465, and then hitting a new high. It looks like the trend has reversed from bullish to bearish or vice versa. The market is naturally nervous over the weekend—either dead calm or jumping around—so don’t blindly chase highs out of impulse.

Currently, the market feels a bit bloated. The price surged to around 69,321 with huge volume, but the price didn’t go higher, which suggests a trap or a false breakout. This indicates heavy selling pressure above, and the bulls are feeling a bit overwhelmed.

Next, Bitcoin will focus on the key level at 69,356. If volume supports a steady break above it, there’s still hope, with potential targets at 70,531-71,419. If it can’t break through now, a pullback is likely. A healthy correction would see a dip back to 67,845-67,418 before rising again. If the 4-hour level drops below 68,687, then support should be found at 67,863-66,598.

Ethereum is clearer now, having broken out of the flag pattern and stabilized above 2,126. The next target is 2,167. As long as it doesn’t fall below 2,073 and revert to its previous shape, it won’t undergo a deep correction; otherwise, it may continue to wobble.

Currently: $BTC Bitcoin faces resistance at 69,356-71,419, with support at 66,897-68,629; $ETH Ethereum faces resistance at 2,135-2,199, with support at 2,048-2,112.