Prices surged with strong bullish momentum but repeatedly failed to break through. Is there a big trap hidden in this wave of Bitcoin's movement? After three attempts to push up to 82,800 without success, support levels are being tested repeatedly. The head and shoulders pattern has already appeared. Once it breaks down, a pullback may begin?

Currently, the bullish sentiment pushing prices higher remains quite strong. There have been three consecutive attempts to go up, but the 82,800 level has not been broken. Moreover, each high point is getting lower, which is a very dangerous signal. It’s still uncertain whether a triple top will form; only a break below the support at 80,350 can confirm the formation of a triple top on the hourly chart.

Below, the support at 80,350 has been tested four times as Bitcoin’s price dipped, but it has not broken through. Each time, the low of the dip was higher than the previous one. Everyone should note that a support level being tested repeatedly, with each rebound failing to reach new highs, is likely to be broken eventually. Additionally, the market is moving within a triangle range, and a head and shoulders pattern has appeared. The neckline is around 80,500. If the price breaks below the triangle support at 80,358, the head and shoulders pattern will be confirmed, and a quick pullback will begin.

$BTC The rebound in the early morning still did not break through 82,800. A retest of the support at 80,350 is likely to fail to hold. As long as Bitcoin does not fall below the 80,225 low point, there is no major issue for now; but if it breaks below and makes a lower low, the correction will continue. Today, pay attention to two key levels: a break above 81,700 to continue the rebound toward 82,800; a break below 80,350 to continue the correction down to 79,200; if there is no movement in either direction, the price will likely continue oscillating between 81,800 and 80,350.

$ETH Looking at Ethereum, although it broke out of the flag pattern, multiple attempts to push higher failed to take out the 2,350 level. Subsequently, the price declined, and a retest of the 2,300 support temporarily stabilized the market. To reverse the decline and rebound, Ethereum must break above 2,350; if it falls below 2,300, it will test the support zone between 2,260 and 2,250. If the market remains indecisive, oscillating between 2,350 and 2,260 without falling further would be good; but once it breaks below 2,260–2,250, Ethereum’s rally will be over.