Bitcoin's recent rebound has failed to break the upper boundary of its short-term downtrend channel, maintaining a bearish outlook. After reaching a high of $82,850 on May 6, Bitcoin has been trading within a descending channel, finding temporary support around $72,500. Analysts suggest that unless Bitcoin can surpass the $75,000–$76,000 resistance zone, it may continue its downward trajectory, potentially testing support levels at $69,500–$70,500. Meanwhile, HYPE's rally appears to be losing momentum, with technical indicators signaling a potential top. After a significant rise from $38.14 on May 14, HYPE has shown signs of bearish divergence, suggesting the rally may conclude if the price fails to hold above the $62.50 to $64.57 support zone. Traders are advised to monitor these levels closely for potential shifts in market dynamics.