Bitcoin is still standing strong—hasn’t fallen!

Yesterday, the big coin tested downward twice in a row, but the closing price still never broke below 73776, and it kept moving at this level while forming a small double bottom pattern; then it started to rebound. During the rebound, it surged upward to a high twice more, but the closing price also couldn’t firmly stay above 74826. Still, the second high was higher than the first, so the move is fairly healthy.

At the moment, as long as the big coin pulls back without falling below 74430, there’s no need to go test the 73770 support again; once it breaks below this level, it will very likely go test 73770 again. If this support also can’t hold, then it will drop to 72578. The top of this rebound is still something to look for around 76000 first. Those who have been following in below 73788, at this level you must reduce your position. To rise to 76000, you must first break through and hold above 74826; otherwise, it’s hard to go up. Also, 74826 and the upper boundary of the flag form dual resistance—either both break through, or neither can. Today daytime is basically just seeing range-bound consolidation.
$BTC Key resistance: 74956-76000-76751. Support below: 74376-73511-72611.

$ETH Now looking at Ethereum: it has already broken through the bearish flag pattern, and it is currently doing a pullback to the flag’s upper boundary. As long as it can hold this boundary, it will continue to push toward the resistance at 2379. After breaking through, it can challenge the 2416 prior high and even make new highs. If it falls back into the flag, it will keep ranging—so long as it doesn’t break below the flag, the decline won’t expand. Once it breaks below, it will retest 2257.