The Strait of Hormuz is closed again, and the ceasefire agreement could be void at any time? Chuanzi: What I said yesterday has nothing to do with today.

After Bitcoin hit a new high, it formed a double top pattern with the previous high, then started to pull back and made timely adjustments to set up short positions at the current price. The only regret is that this pullback was not very large.

After Bitcoin first broke below the flag pattern, it tried to rebound and break through again, but failed. It continued to pull back and formed a bearish engulfing pattern. I initially thought the decline would expand, but unexpectedly, it rebounded and recovered the flag range. However, this rebound's high was lower than the previous one, forming an isolated high point. It then broke below the flag again, reaching even lower levels, but did not break the critical 70k mark. Currently, in this phase, both the highs and lows are continuously decreasing.

For Bitcoin to rebound further, it must first return to the flag range and break through the previous isolated high point before pushing higher toward the previous high of 72,876. Only by surpassing this previous high can it continue to rise. If it continues to pull back, as long as it stays above 70k, there’s no big problem; but if it falls below 70k, the decline will accelerate, and it will test the support at 69,134. If this support holds, the price will oscillate between 70k and 69,134, and a rebound could occur if it returns to 70k. If 69,134 also breaks, the previous upward trend will likely fall back.

On the 4-hour chart, Bitcoin broke below 70,403, with support levels at 68,886-67,713; resistance levels are at 71,267-72,003-72,850. Support levels below are at 70,403-69,231-68,251.

Ethereum's trend is also not very strong. After the triangle pattern was broken, it falsely broke below the 2,174 support. The key is whether this level can hold; if not, it will fall to 2,119. For Ethereum to rise, it must first break through the neckline at 2,197 before aiming for 2,233. Only by returning above 2,233 can the previous downward trend end and a rebound begin.

Ethereum's resistance levels are at 2,198-2,233-2,269, and support levels are at 2,169-2,123-2,085. On the 4-hour chart, a break below 2,166 points to support levels at 2,112-2,082.