Currently, Bitcoin's trend continues to decline downward, first retracing to the upper boundary of the bullish flag pattern, but not stabilizing, and then dropping back into the flag range to continue oscillating. Right now, Bitcoin is supported by the 75453 level, which prevents it from falling further, but once this support is broken, it will inevitably test the lower boundary of the flag, which is at 73426.

If even 73426 cannot hold, the previous bullish consolidation on the hourly chart will be completely over, and the price will directly fall into the 70511-73426 range, repeatedly oscillating. Actually, this slow decline now is more torturous than a violent drop; after a violent fall, the bottom is usually reached quickly, but a slow decline seems endless, and the bottom is hard to pinpoint.

$BTC The key resistance for Bitcoin currently is at 75857, which is the upper boundary of the flag pattern. Only by regaining this level can the downward decline stop, and a rebound toward 77375 can be expected. If it cannot break through, don’t expect an upward move; just keep an eye on the support levels below. Overall, it’s just a correction for now, not a trend reversal.

Looking at Ethereum, after breaking below the 2379 support, it attempted a rebound to recover this level but failed. Next, Ethereum’s bullish flag pattern is likely to be broken, and once the flag is broken, the support at 2310 will also be lost, and the price will directly test the previous low at 2281.

If this low can hold, forming a double bottom pattern, Ethereum still has a chance to rebound; if it breaks directly, it will fall all the way to 2235. To stop the decline and rebound, Ethereum must break through both the flag resistance and the 2379 level; otherwise, it can only continue downward, with no other options.

$ETH Additionally, Ethereum’s support levels are at 2360-2397-2435, and support below is at 2332-2273-2230. If the 4-hour chart breaks below 2334, the next target below is 2275 and 2228.