Is this market rebound just a pump and dump? It surged up only to be smashed back down, with no real change in weakness! Bitcoin and Ethereum both shot up then plummeted, with all the previous gains wiped out, still oscillating and frustrating traders.

Bitcoin hit 77,000 but couldn't hold, dropping back last night. It’s now sideways around 71,000, showing no signs of stabilization. Ethereum also weakened, facing resistance at 2,300 before falling to 2,080. Currently, it’s oscillating around 2,100 with no strength in the rebound.

Weak non-farm payroll data, combined with the Federal Reserve’s ambiguous stance, has led to cautious capital, ETF outflows, and worse sentiment. Technical analysis also leans bearish. Even occasional small rebounds for correction can’t change the overall weak downward trend!

$BTC Bitcoin faces resistance at 73,000-73,500, with support at 70,000; Ethereum $ETH faces resistance at 2,200-2,250, support at 2,000-2,050. If broken, prices will fall further.

Don’t blindly buy the dip. If support breaks, expect Bitcoin to drop to 68,200 and Ethereum to 1,860.