Bitcoin has been fluctuating in a range for several days, finally choosing a direction yesterday and continuously hitting new highs. This strong surge must be making the market sentiment uncomfortable. Actually, we also have to thank the market makers; it is their relentless effort in pushing the price that has given the bulls the momentum, making the rally so powerful.

After reaching a new high of 78,300, Bitcoin formed a high pullback candlestick, indicating significant resistance above. Subsequently, the price retreated, falling below the support level of 77,375. A sharp rise followed by a pullback is normal; after all, the previous rally was too rapid, and the trend itself was unhealthy. Only through a correction can it gather strength, making future increases more stable.

If Bitcoin remains below 77,375, it is likely to retest the flag pattern's upper boundary around 75,837. If this level holds, the price will oscillate within the 75,383-77,375 range; if it breaks below, it will return to the flag pattern for consolidation, waiting for a new direction. To continue upward, it must stabilize above 77,375 to have a chance to retest the previous high of 78,323, and after breaking through, challenge 79,297. Once again, I remind everyone: remember, a pullback is just a temporary pause, not a trend reversal. Once a trend is established, it rarely changes easily.

$BTC On the rhythm: in the short term, it can fluctuate between 75,820 and 76,270, targeting 77,490, with a stop-loss below 75,120; the long-term target is 77,490, and after breaking through, it aims for 79,600-81,430. Resistance levels are at 77,399, 78,323, and 79,297; support levels are at 76,898, 76,023, and 75,201.

$ETH Looking at Ethereum again, although it broke out of the triangle to reach a new high, it failed to hold above the 2,456 resistance level and showed signs of a top, indicating a short-term correction is needed. To rebound, it must stay above 2,456; otherwise, it will retest 2,379 and the upper boundary of the triangle. Many are waiting for a retest to go long—are you willing to buy at low levels when it actually happens?