Bitcoin broke below the support level of 76,200 last night, then pulled back above this level in the early morning.
Currently, the lower boundary of the flag pattern at 76,770 is the key resistance level for Bitcoin.
If it can re-enter the flag range, the previous downward trend will stop, and it will attempt to test the neckline at 77,400.
Last night, Dodo still suggested paying attention to this neckline level.
What needs to be noted here is that only a complete breakthrough of the 77,400 neckline will break Bitcoin's downward trend,
reopening the upward channel, with the target looking toward 78,600.
If it fails to break this level, the current rally is just a short-term rebound.
If it can return to within the flag but cannot break through 77,400, it will continue to fluctuate within the range.
$BTC If the market continues to pull back and falls below 75,650 again,
it will move toward lower levels, and if the rebound fails to reach new highs and the decline makes new lows,
it can only be viewed more cautiously downward, with 74,900 becoming the next support level.
Currently, resistance levels are at 76,700-77,400-78,500, and support levels are at 76,200-74,950-73,770.
Now, let's talk about Ethereum.
After a sharp decline to around 2,250 yesterday, it found support and started to rebound.
On the 4-hour chart, once it breaks below 2,260, it will continue downward, aiming for 2,220-2,210.
Ethereum $ETH is currently in a triangle consolidation pattern.
Only a breakout above the triangle at 2,315 can lead to further gains, with targets at 2,340-2,365.
If it cannot break through this resistance, it will likely retest support near 2,250, and after forming a double bottom, it may resume the upward move.
