A bunch of good news is propping up the market, but it still can’t move up? A short-term rebound is definitely not a reversal! Hold these two key levels, and you can see the real bullish setup.

At present, overall market bullish sentiment is gradually warming up. The US and Iran are expected to continue the ceasefire and open the strait passage, which would effectively ease inflation pressures and indirectly weaken expectations for Fed rate hikes—overall boosting risk appetite in the crypto market. At the same time, the US crypto compliance legislation continues to advance, clearly laying out the regulatory framework for mainstream cryptocurrencies. Expectations for institutional participation keep heating up, providing long-term support for the price action. Combined with comments from Fed officials that are relatively dovish, expectations for tighter liquidity cool down further, helping stabilize the current market structure.

$BTC Returning to the charts, BTC (“big cake”) is repeatedly chopping and shaking in the short term. It successfully halted the decline at the 76000 support and rebounded, forming a bullish pattern and returning to the consolidation range. However, around 77300, the price has met heavy pressure for the third time, and there is a need for a pullback and repair on the hourly timeframe. In the short term, only if the market holds the 77300 level can it gain momentum to push up toward the 78300 resistance. If it fails to break through for a long time, the chart will continue to range-trade within 76023–77286. Once 76000 support is effectively broken, the market will further probe down into the prior low support zone at 74230–74750.

$ETH Ethereum’s overall trend is relatively weaker. After breaking the flag-pattern consolidation structure, it continues to trade under pressure. Bulls lack follow-through after rally attempts, while bears’ suppression is significant. Currently, the key short-term resistance is at 2140. Only by holding above this level can a sell-off reversal rebound begin. If it continues to face pressure without breaking through, the market will keep falling to retest the 2080 support. If this level is lost, the overall downside risk will continue to expand.