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Evening Market Chat | High-Level Grinding, Bulls Clearly Can't Push Through
All day during the daytime, Bitcoin kept hovering around the upper end of the range.
In the morning, it slowly climbed from 76,000, directly breaking above 77,000.
Although there was a slight pullback midway, it was just symbolic stepping back, not daring to fall sharply, and the support below was quite respectful.
But once approaching the previous high, it revealed its true colors.
Repeated attempts to push higher, but unable to break into new territory, just circling around at high levels, exchanging hands.
In the afternoon, it reached near 77,700, still the same story—unable to stabilize or break through, just wasting effort.
Ethereum also followed Bitcoin’s pattern, gradually climbing from 2,270 to above 2,340.
The pullback was gentle, with the focus quietly shifting upward.
But once hitting the 2,350 barrier, it was firmly held down, grinding at high levels, wasting time, with no real momentum to push higher.
Honestly, today’s price movement looks like it moved up a bit, but it’s really just repeatedly “testing patience” at the resistance level above, not a true trend breakout.
The selling pressure above is tightly hidden, and the market is stuck at a crossroads, ready to choose a direction at any moment.
Bitcoin’s 4-hour chart still shows a rebound pattern, but the 78,000 level is a solid resistance—an area of dense previous highs and trading volume.
The more it fails to break through, the stronger this resistance becomes.
On the 1-hour chart, it’s more obvious: it looks like it’s testing the highs, but in reality, the upward space is shrinking, and there’s no volume support from buyers.
It’s a typical high-level show-off, with bulls lacking the stamina to push higher.
If it breaks below 77,000 support, first target is 76,500, then it will need to revisit the previous rally zone for a shakeout.
Ethereum is also in a similar laid-back pattern, with the 2,350 resistance welded in place.
On the 1-hour chart, it’s sideways at high levels, with bulls trying to push up but powerless.
Honestly, the morning’s bearish outlook was spot on, and the market didn’t throw us off course.
Now it’s just wasting time and testing patience below the resistance level—no real breakout happening.
In terms of trading, continue to stick to the short side.
As long as the key resistance level isn’t strongly broken with volume, we won’t change our rhythm! $BTC $ETH $DOGE