Bitcoin suddenly canceled the attack operation, causing the already fragile market to instantly surge. As expected, the man who draws lines with his mouth, but faced with the over 30 instances of the "Wolf is coming" effect that failed to materialize, the bulls ultimately failed to break through the psychological level of 64,000. Coupled with the siphoning of funds from the SpaceX IPO and the macro $ETH liquidity withdrawal, this wave of rebound paused after reaching the strong resistance zone of 63,880 to 64,700. Currently, Bitcoin has returned to the 63,800 to 62,400 range for consolidation; if the lower boundary is broken, it will drop again to 60,700. This tasteless yet regrettable market still anxiously awaits a trend reversal signal.


Bitcoin Cash is similarly lackluster. Although the price successfully broke through the flag pattern structure and retested to confirm the support at the upper boundary of the flag, the resistance level at $1,680 remains like a chasm. Without an effective breakthrough of $1,680, Bitcoin Cash loses the foundation for upward expansion and can only continue to be suppressed within the flag pattern, moving in boring oscillations. In the current environment lacking substantial positive news and capital inflows, both Bitcoin and Ethereum are stuck in narrow ranges, with bulls and bears repeatedly tugging at key levels. The market is holding its breath, waiting for the next clear directional breakout signal.
ETH1.03%
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