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Bitcoin 30-minute M-top structure appears, indicating that this round of rally is basically over. The market may start a downtrend similar to mid-January. Be cautious of the risk of a flash crash. The 4-hour candle closes with a bearish engulfing pattern and shows increased volume. Pay attention to the 8:00 AM daily close tomorrow; if it drops back to 70,300, it indicates a false breakout, and the market may continue to decline.
Support levels: 69,400, 67,500
Resistance levels: 72,700, 74,000
Ethereum daily chart is under pressure from EMA30 and unable to rebound. The market is pulling back downward. The 4-hour timeframe continues the previous sharp decline after a rally, forming a durian thorn pattern. The trend continues downward. The 30-minute chart shows a mid-term bearish candle breaking below the neckline, forming an M-top, and the trend turning bearish. Be alert for a rapid decline, and exercise caution when going long.
Support levels: 2,040, 1,950
Resistance levels: 2,120, 2,180