Bitcoin has retraced and broken below the 72,839 support level, retesting the 70,273 support. You're asking if this rebound has ended? This rebound has not ended yet. Breaking below 72,839 only disrupted the bullish trend outlined in the yellow box. As long as we haven't broken 72,273, the bullish trend remains intact—it's just returned to a weak zone. Once we break below 70,273 (the starting point of this rebound), that's when the hourly bullish trend will be completely destroyed and we'll return to the consolidation zone outlined in the white box below. I'm a bull, so I'm viewing this from a bullish perspective. Look at the yellow arrow below—it has already tested 70,273 for the first time. If we're going to rebound, it will test 70,273 again, but the second test's low cannot be lower than the first test's low, otherwise we'll have a lower low and continue downward. The second and first test form a double bottom, then we break upward. When Bitcoin retests 70,273 a second time, I'll go long with a stop loss at 69,000. For Bitcoin to rebound directly, it must break through 71,314 to achieve a rebound. If it can't break 71,314, it won't bounce. Even if it breaks 71,314, the rebound can only reach 72,839, since this is now resistance (formerly support). Breaking 72,839 is needed to see higher levels. If unable to reach 71,314, it will consolidate between 71,314-70,273.

Bitcoin breaks through 71,314 on volume, chase longs on the right side. Breaks 70,458 on volume with failed rally, chase shorts on the right side. Manage your stops well.

Bitcoin hourly level breaks and holds above 71,314, targeting 72,839-73,531 upside. Unable to break 71,314 is meaningless.
4-hour level breaks below 70,465, targeting 69,197-68,282 downside.

Upper resistance: 71,314-72,839-73,531
Lower support: 70,449-69,260-68,247

$ETH Strategy:
Ethereum breaks through 2,206 on volume, chase longs on the right side. Pull back stop loss.
Breaks 2,185 on volume on the right side, chase shorts with tight stops.
Retest 2,126 confirms support is effective, add one long.
Break 2,085, stop loss.
Ethereum hourly level holds above 2,206, targeting 2,253-2,302 upside.
Watch 2,302 on the upper end, short one hand.
Break 2,340 stop loss.
Left-side pin bar order: 2,062 long, break 2,032 stop loss.
Upper resistance: 2,206-2,253-2,302
Lower support: 2,166-2,127-2,085
4-hour level breaks below 2,152, targeting 2,105-2,066 downside. Check comments $BTC
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