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Mei Yi and Iran Talking Breaks Down; Big Cake Breaches the Dam and Floods
The Big Cake has recently kept setting new highs, but all of them have surged and then pulled back; the operation of a top divergence is very clear. The new high of 73799 closed as an evening star, directly falling back into the flag pattern range.
$BTC Currently, the price has found footing at the support at the lower edge of the flag pattern at 71445. It has stopped the decline in the short term, but the downward structure has not finished; there is no clear bottom signal indicating a recovery from a pin bar.
During the day, it is highly likely to trade in a sideways consolidation within the short-term small range of 71445-72281.
Only after standing above 72281 will there be another opportunity to surge higher and rebound.
If it cannot hold above 72281 and the pullback has not ended, it will continue to probe lower; once the key support at 70429 is effectively broken, the decline will accelerate, and the 4-hour outlook is 69309-68083.
Resistance levels: 71938, 73120, 74274
Support levels: 71429, 70480, 69185
At present, neither bulls nor bears have a good risk-reward ratio. Chasing shorts against obvious support is not advisable. For longs, there is also a lack of stabilization and a breakout confirmation signal. Over the weekend, it is mainly better to observe and wait; then look for the right level before making a move.
$ETH Ethereum surged up to break through the previous high at 2272, quickly ran up then pulled back; it broke below the key watershed line at 2233. Now 2233 has shifted from support to strong resistance.
Stand firm—once it breaks and holds above 2233—then it returns to the rebound and again tests the previous high at 2272.
As long as it remains under pressure below 2233, it first retraces to 2195, with the lower boundary of the box at 2173.
Holding above 2158 means the long structure on the hourly timeframe is still intact.
A valid and decisive break below 2158 means the short-term bullish trend is completely broken down.
Resistance: 2235, 2275, 2329
Support: 2206, 2157, 2113
After the 4-hour chart breaks below 2203, it directly looks to the 2157-2112 range.
Overall, the weekend is a sideways range-bound grinding-bottom pattern—don’t rush into positions. Wait for stabilization and a breakout/breakdown signal, then trade in line with the move.