Uh Oh... False Breakouts on both Bitcoin and Ethereum

With the close of last week's candlestick ETHUSD failed to sustain its new All Time High (ATH). Last week's price action was interesting because the prior major high at 4070 was solidly broken, retested, and price moved on to make a new ATH.


This price action follows Bitcoin BTCUSD last week which also had the same phenomenon; a new ATH that was quickly rejected.


There is no more reliable sign of a bearish pullback about to occur than a false breakout. In order for new ATH to be sustained traders and investors must keep buying. If they do not... WATCH OUT!

Prior history of the event can be consulted to see just how reliable it can be:

January 2025 Bitcoin


March 2024 Bitcoin


And of course November 2021... the start of the last bear cycle in Bitcoin.

Trade wisely!