Bitcoin fell below the important support level of 80,800 during last night's second correction, dropping to 79,137 before temporarily stopping; it is still testing downward!

$BTC 79,590 is the current key support level. If it can hold, it won't drop further to 78,133; but if it breaks directly, 78,133 is unlikely to hold. Once 78,133 is also lost, this short-term upward trend will be completely over, and the rebound will end. Moreover, 79,590 has been tested several times; to stop the decline and rebound, it must break through the flag pattern resistance at 80,250. Only after breaking through can it possibly reach higher points. Even if it rebounds, it needs to return above 80,885 to continue rising; if it can't, this upward trend will also be over.

$ETH Looking at Ethereum, its trend is even weaker. It has been gradually falling within the price channel, even breaking below the key support at 2,300. It looks like it’s heading toward 2,250. If 2,250 also breaks, the short-term upward trend will end early; as long as ETH doesn't return above 2,300, it will keep falling. For now, it's better to watch more and act less.