#Gate蓝龙虾重磅上线 Bitcoin hits a new high again, but the move above 71665 is only a false breakout, representing the first test of this resistance level.

Although a new high was reached, it did not establish a firm position above 71665, followed by a pullback and a break below the bearish flag pattern.
After breaking the flag, a rebound occurred (white arrow), attempting to re-enter the flag but failing to do so.

Current resistance zone: 70079 — lower boundary of the flag at 71030

• If it can re-enter this zone, there is still potential for an upward rebound;
• If it cannot hold and falls below 69212 support again, it will continue to explore lower levels at 68210.

Currently, there is an unfavorable signal on the chart:
The large bullish candlestick corresponding to the yellow arrow below has been broken, and the 69212 support has been tested multiple times.
Although this support is strong, it cannot withstand repeated testing.
Each time 69212 is tested, a new high is possible, but once a test fails to reach a new high, this support is likely to be effectively broken.

From the current structure, the probability of breaking 69212 is relatively high.
A healthy upward trend must include reasonable pullbacks; a rally without pullbacks carries higher risk.

Trading Strategy

• If Bitcoin breaks through 70121 with volume and stabilizes, pursue long positions for a rebound;
• If it drops below 69380 with volume and cannot recover on the rebound, pursue short positions with strict stop-loss.

Target Levels

• Hourly level: Hold above 70121, target 70839 — 71460; if unable to hold above 70121, no upward space.
• 4-hour level: Break below 69387, target 68399 — 67635.

Key Levels

• Resistance above: 70121 — 70839 — 71460
• Support below: 69350 — 68361 — 67289

Ethereum (ETH) Market Analysis

Trading Strategy

• Break through 2041 with volume, pursue long positions, with stop-loss on breakdown;
• Drop below 2017 with volume, pursue short positions, with strict stop-loss.

Layout Ideas

• Confirm support at 1963 on pullback, consider long positions, stop-loss below 1927;
• Reach 2090 above for short positions, stop-loss on breakout above 2129;
• Left-side entry price: 1906 long, stop-loss below 1870.

Target Levels

• Hourly level: Hold above 2041, target 2090 — 2129;
• 4-hour level: Break below 2007, target 1956 — 1910.

Key Levels

• Resistance above: 2041 — 2090 — 2129
• Support below: 2010 — 1963 — 1922