In the past two days, Bitcoin’s market is no different from a scumbag—its price keeps flipping back and forth, dangling you along. Earlier, Bitcoin first dumped and fell below a key support level. After briefly breaking through the 74,890 level, it quickly rebounded. Not only did it reclaim that level, but it also formed a bullish chart pattern. After that, it surged all the way up, breaking through the 76,272 resistance level. After circling around, it returned to the original consolidation range. After all that running around, the price basically didn’t change much—it was all a big waste of time.

$BTC Currently, Bitcoin has already broken through the previous high of 76,925 and is now attempting to break through the key resistance at 77,561. Next, the main focus is to push toward the prior high of 78,323. Everyone is hoping it can break through to a new high in one go this time. Make sure it doesn’t take the old road of spiking up and then pulling back. If it reaches the high and then can’t move any further and turns back down, then it’s really just like a scumbag—once the fun is over, it pulls up its pants and leaves.

The short-term market trend’s turning point is very clear: as long as the pullback doesn’t fall below 76,270, Bitcoin will keep pushing upward. Once it breaks below this key level, it will fall back again to test the 74,890 support. If it holds, it will continue trading sideways and consolidating to choose a direction. If it can’t hold, it will drop to 73,510. These days, the market has been bouncing back and forth around these few points, all while everyone is hoping to get out of the consolidation range sooner and get a clear one-way move in either direction. The key resistances above Bitcoin are 77,325, 78,323, and 79,264. The main supports below are 76,246, 74,984, and 73,773.

$ETH Now take a look at Ethereum as well. On the four-hour chart, the trend looks relatively weak. After breaking below 2,329, the short-term range to watch is 2,281 to 2,230. Ethereum has currently broken out of the consolidation range and is holding above 2,345. As long as it doesn’t drop below this level on a retest, it can continue pushing toward the 2,378 resistance level. Only after breaking through will there be a chance to touch 2,412 and the previous high. Conversely, if it breaks down, it will return to consolidation. Ethereum’s resistance levels overhead are 2,365, 2,397, and 2,432. The supports are 2,331, 2,287, and 2,251.