Viewpoint: The technical support level for Bitcoin is at $73,000, and Ethereum has shown signs of breaking down

Crypto analyst Ali Charts posted that the Bitcoin 3-day K-line chart shows it has been oscillating within a range of $87,000 to $60,000 over the past year, with $73,000 being the midpoint of this range. If it breaks below this key level, the lower boundary of the channel around $60,000 will become an area of concern.

In contrast, Ethereum seems to have already fallen out of the right corner expansion pattern on the daily chart. With the loss of the support level at $2,385, if selling pressure continues, this pattern points towards a potential drop to $1,963.