Yesterday, Bitcoin pretended to break through the 70,000 level but didn't hold steady and immediately dropped. Now it's repeatedly testing around 69,300, having touched this support level four times. As the old saying goes, the more you test support, the thinner it gets. Another test will likely break it. Once broken, the triangle consolidation will also fail. First watch 68,300; if it can't hold, expect a move back to 66,600 for consolidation. To rise, it must firmly stay above 70,000; otherwise, sideways movement without new highs will lead to a correction sooner or later.


The operation is simple: $BTC Volume breakout above 70,015 to go long; if it falls below 69,320 and rebounds but can't recover, go short. Remember to set stop-loss. If the hourly chart stabilizes above 70,015, look for 70,600-71,500; if the 4-hour breaks below 69,200, watch for 68,300-67,000.
$ETH Ethereum also hasn't broken out of the range, with a rally followed by a pullback and a return to the box. 2040 is the key neckline; if broken, target 2000. If it breaks again, look for 1900, continuing the range-bound oscillation. In terms of operation: break above 2072 to go long; fall below 2049 to go short; if it retraces and holds at 1995, consider long; break below 1944 with a stop-loss. For rebounds, short at 2108; if broken, stop-loss at 2153.
In summary: Bitcoin must hold above 69,300; Ethereum should watch 2040 closely. If no break occurs, expect consolidation; once broken, follow the trend. Don't hold positions blindly.
ETH-6%
BTC-1,39%
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