Bull momentum is charging in, is spring coming for the bulls?

Sunday afternoon market analysis!

Bitcoin has repeatedly tested 69227 without breaking below it previously, then initiated a rebound. Now it's repeatedly testing the 70440 support level again, consistently failing to break down. The trend may very well replicate the previous rebound action at 69227.

Bitcoin is at a critical juncture right now. If it can firmly stand above 71100, the triangle pattern can break out accordingly, and the rebound rally officially begins. Subsequently, we can watch 72236 and 73527 as key levels. Only by breaking through 73527 can it continue to push higher and challenge the new high at 75655.

Key point to remember: Bitcoin must hold firmly above 71100 to sustain the rebound. If it can't hold, there's no show. The market allows for another retest of 70440, but it absolutely cannot break below. Once this support breaks, the 70k level will likely fail to hold, and it will retest 69227 again. As long as 70440 doesn't break, there won't be a sharp decline, and the market has no major risk.

$BTC Operationally, go long at 70830-70420, target 71820, on breakout watch 72900-73600! Stop loss at 70350.
Bitcoin resistance levels above: 71483, 72236, 73527; support levels below: 70796, 70237, 69223.

Now looking at Ethereum:
$ETH Operationally: go long at 2045-2065, target 2110-2150, on breakout watch 2200-2230! Stop loss if below 2010.
Ethereum resistance above: 2105, 2142, 2200; support below: 2083, 2052, 2010.

Ethereum rebounds back above 2083, on breakout watch the bullish flag pattern, which will then challenge the 2142-2163 resistance zone. After breaking through, it's expected to challenge the previous high at 2208. If 2083 fails to hold, it will oscillate within the flag pattern. As long as it doesn't break below the 2008 low, there won't be a deep pullback.