Today remains a bearish dominance! Bulls, come and wipe your shoes?

Bitcoin broke below the original price range of 69,480 in the early hours, then attempted to rebound upward, trying to return to the range, but was unsuccessful. If it cannot hold above this level, the current downward trend will not stop, and there’s no point in expecting a rise. Only if it reclaims above 69,485 will the downward pressure ease, and breaking through 70,064 could trigger a real rebound, with a target of 71,440.

Bitcoin also has a key support level at 68,123. If the second test of this level doesn’t break below it and it can stay above 68,798, this wave of decline will be nearly over. But if it fails to hold at 68,123 on the second test and breaks below, it’s not just a simple correction but a trend reversal, and the next support is at 67,320. On the 4-hour chart, if it breaks below 68,434, the next target is between 67,380 and 66,208.

Currently, $BTC Bitcoin’s key resistance levels are at 69,097, 69,870, and 70,175, with support levels at 68,508, 67,310, and 66,208.

Previously, $ETH Bitcoin broke below the support at 2,105, which is equivalent to a second test of the previous low. It’s close to forming a double bottom pattern, which could lead to a rebound. But the prerequisite is breaking through 2,105; if it can’t push above that, no rebound is possible. If it fails to break 2,105, it will continue to oscillate within the flag pattern. If it breaks below the previous low of 2,022 in the flag, it will continue downward, with the strongest support at 1,926. Keep a close eye on the 2022 level.

Similarly, Ethereum’s resistance levels are at 2,075, 2,112, and 2,144, with support at 2,033, 1,986, and 1,945. If it breaks below 2,037 on the 4-hour chart, it could fall toward 2,006 and 1,955.