Bitcoin breaks above 76,600, can the bullish trend continue?

Bitcoin's recent rebound momentum is still strong, but it hasn't stabilized above the key level of 76,280. As mentioned yesterday, until this resistance level is broken, all upward movements can only be considered a rebound, not a confirmed breakout. As expected, Bitcoin failed to push past 76,280 twice and is now starting to retrace and consolidate.

Why is 76,280 so critical? Because it was the highest point of the rebound after falling from 78,330. At that time, it couldn't break through, which led to a continuous decline down to 73,500. Therefore, to truly strengthen, it must first break through 76,280, then have a chance to reach 77,560. Without breaking through, it will be difficult to rally higher.

Currently, the previous bullish flag pattern has been broken, and the next likely move is a pullback to test the support at 74,890. If this level holds, the market can consolidate between 76,280 and 74,890; if 74,890 also breaks, it will test 73,510 again. As long as 73,510 is not broken, the trend remains within a controllable range, and there is still a chance for a rebound, possibly forming a double bottom pattern with the previous low. However, 73,510 must not be broken; once it is lost, the downside potential will significantly increase. The most ideal scenario is to rebound without breaking 74,890 directly.

$BTC Currently, key resistance levels are: 76,273, 77,474, 78,323; support levels: 75,281, 73,750, 71,970.

Ethereum has now fallen back below 2,310. It’s best to hold within the triangle range and consolidate. If the triangle pattern is broken downward, the previous low will no longer hold, and the next support to test is 2,235. To stop the decline and rebound, it must regain above 2,310, then aim for the high of 2,379.

$ETH Resistance levels: 2,317, 2,346, 2,376; support levels: 2,280, 2,229, 2,175.

In simple terms: Bitcoin looks for a breakout above 76,280, with close attention to support at 74,890 and 73,510—if these hold, there’s still a chance; Ethereum watches the 2,310 level—holding the triangle pattern keeps hope alive, breaking below means further downside. #美伊二轮谈判进展