A bunch of bullish catalysts are holding up the market, but it just can’t move up? A short-term rebound is definitely not a reversal! Hold these two key levels to see the real bullish run.

Currently, bullish sentiment in the market is gradually warming up. With the US and Iran expected to extend their ceasefire and open the strait passage, inflation pressure may be effectively eased, which indirectly weakens expectations for the Federal Reserve’s rate hikes. Overall, this boosts risk appetite in the crypto market. At the same time, US crypto compliance legislation continues to advance, clearly defining the regulatory framework for mainstream cryptocurrencies. Expectations for institutional participation keep rising, providing long-term support for the order book. Coupled with comments from Federal Reserve officials that are relatively dovish, expectations for tighter liquidity cool down further, stabilizing the current market structure.

$BTC Back to the order book, Bitcoin sees repeated short-term fluctuations and stop-and-go “wash” trading. The pullback to the 76,000 support level successfully halted the decline and rebounded, printing a bullish pattern and returning to its consolidation range. However, the price has faced pressure near 77,300 for the third time, and there is a need for a correction and repair at the hourly level. In the short term, the market will only gain momentum to break upward toward the 78,300 resistance if it holds the 77,300 level. If it still cannot break through, the chart will continue to range between 76,023–77,286. Once 76,000 is broken decisively, the market will further probe down into the prior low support zone at 74,230–74,750.

$ETH Ethereum’s overall performance is relatively weaker. After breaking down from the flag-style consolidation structure, it continues to trade under pressure. Bulls lack strength to push higher, while bears’ suppression is significant. At present, the key short-term resistance is at 2140. Only by holding above this level can a sell-off reversal and rebound begin. If it continues to be pressured without breaking through, the market will keep pulling back to test the 2080 support. Once this level is lost, the risk of further downside for the overall trend will keep increasing.