Bitcoin was originally on a good upward trend, so how did it suddenly plummet? The core reason is the speech by the yellow-haired guy this morning. As soon as he spoke, regardless of whether the market was rising or falling, the trend was completely disrupted.

Bitcoin attempted twice to break through the key level of 69,326 but failed both times, also forming a double-top pattern. It then started a slight pullback, breaking below the support at 68,545. However, at that time, the yellow-haired guy hadn't spoken yet; it was just a minor retracement followed by a rebound, and it didn't rise back above 68,545. Once he spoke, the market plunged directly, not only breaking out of the consolidation range but also failing to hold the support at 67,567, dropping to around 66,400.

Now the key point is whether the 66,330 level can hold. If it breaks, there's a high probability it will fall to the 65,565–64,930 range, likely forming a double bottom and rebounding. The most it can fall to is 64,930; if it drops further, the market will continue to weaken. To stop the decline and rebound, it must rise back above 67,567.

On the hourly chart, Bitcoin needs to stay above 67,621 before aiming higher to 68,421–69,225; on the 4-hour chart, if it breaks below 66,656, it could fall to 65,932–64,986. The resistance levels are 67,621, 68,421, 69,225; support levels are 66,574, 65,775, 64,935.

Ethereum is even more volatile, rising and falling quickly. It has already broken below the 2,093 support, and the next support at 2,048 may not hold. It’s likely to find a bottom around 1,992. Only if it rises back above 2,093 can a rebound begin. The resistance levels are 2,076, 2,126, 2,150; support levels are 2,048, 2,011, 1,972. On the 4-hour chart, if it breaks below 2,054, it could fall to 2,009–1,961.