Bitcoin experienced a sudden violent surge last night, refreshing highs before entering a consolidation phase, with bulls and bears competing to choose a new direction. The market's news sentiment is undeniably influential—a single piece of news can reverse a weakening trend and quickly warm up bulls. Last night's sudden surge exceeded most people's expectations.

From a technical perspective, after a pullback signal appeared at higher levels, the price retested the key support near 70200 and held it, subsequently consolidating in a narrow range within the large bearish candle. If 70200 breaks, the next target would be the 69500 support level. If this level holds, it would oscillate within the 69500-71200 range; once 69500 fails, there would be support around 68800 nearby.

The core breakout point of this rally is around 67300. As long as this level doesn't break, the pullback space won't expand. To continue the rebound, it must break through the recent high; if the breakout fails, it can only maintain oscillation. Today's two key reference points: if 70200 breaks, follow the pullback; if 71200 breaks through and holds, the rebound can continue.

$BTC Resistance levels: 70700, 71200, 71700; Support levels: 70200, 69500, 68900.

$ETH Ethereum oscillates in sync, moving back within the consolidation box. As long as the mid-line of the box doesn't break, it won't test the lower edge at 2068. Only breaking the upper edge of the box can open upside space. Operationally, breaking 2158 on volume allows going long, breaking 2124 for short options; on hourly charts, holding 2158 targets 2190-2230; on 4-hour charts, if 2118 breaks, targets 2070-2020. Resistance: 2158, 2192, 2233; Support: 2123, 2085, 2045.