Keep rebounding and shorting again. After all, we’re still in a bear market environment—keep a bearish stance. If strong support holds, you can consider catching a rebound. Here’s a simple analysis.

After Bitcoin surged and pushed higher, it failed to hold the resistance level at 79,215. At the highs, it formed a bearish engulfing top pattern.
The hourly chart already shows signals of a pullback and correction, so you can only do short-term short-term arbitrage; you shouldn’t look for a long-term bearish move.

The reason is simple: even though the pattern is bearish-leaning, it hasn’t broken below the 77,927 neckline. The prior consolidation range hasn’t made a new low, and the larger bullish trend remains intact. So the only thing you can do is short-term short positions.

Some people get stuck on the fact that the previous candle pierced below 77,927—but that was a false break. It tested the 77,561 support, and in the end the close still stayed above the neckline, forming a hammer candle. Clearly, the bearish momentum wasn’t strong enough to suppress the bulls.

Now the market is stuck at this 77,927 lifeline:
If it doesn’t break here, the market won’t be able to fall hard;
If it breaks down below on increasing volume and doesn’t come back up, the 77,561 support will be lost immediately on the same momentum—then the next move is toward 76,272;
If the level isn’t broken, just trade the 77,561–79,215 range in an orderly way and wait for the breakout to pick a direction.

If the lower support keeps holding and the range completes a second base-building, then a breakout of the horn-shaped (megaphone) pattern may push toward the previous high, challenging the 80k level.
Don’t see a pullback and panic about guessing a reversal. This is just normal “shaking out” during an uptrend, and pullbacks are opportunities to buy the dip.

$BTC ‌Trading points

A volume breakout above 78,112—go long directly on the right side (the breakout confirmation).
If it breaks below 77,802 and the retest can’t reclaim it (it doesn’t recover on the pullback), go short on the right side. Make sure to set and follow your stop loss.

If the hourly chart holds above 78,112, the upside target is 78,807–79,443; if it can’t hold above 78,112, it’s a weak choppy range.
On the 4-hour chart, if it breaks below 78,506, look for 76,390–75,031 below.

Resistance levels: 78,112, 78,807, 79,443
Support levels: 77,552, 76,290, 75,027
ETH trading ideas

$ETH ‌If there is a volume breakout above 2,357, go long directly on the right side and set a stop loss properly;
If there is a volume breakdown below 2,340, follow through on the right side and go short—strictly set your stop loss.

A pullback that holds 2,287 and stabilizes is a chance to go long;
If it effectively breaks down below 2,251, stop out and exit immediately. #加密市场反弹