BTC and ETH Analysis! A Bigger Bearish Correction May Happen

Bitcoin Is Signaling a Bigger Bearish Correction!
In-Depth BTC and ETH Analysis!

In this video, I have gone through many details about Bitcoin and Ethereum analysis.

Bitcoin has already reached a strong zone and is showing a bigger bearish correction,
but it could also be a possible change in the direction of the trend.

ETH stands in a different position, but it is already signaling a bearish wave as well.

You may watch the video for further details!
Thank you and Good Luck!

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Trade closed: target reached:

Comment:

Trade closed: target reached:

Trade closed: target reached:

Comment:

Bitcoin should continue down more

From our previous analysis, BTC reached two of our targets.
The price is taking a pause that looks like a normal correction before resuming the downward movement.

During the correction time, the price may rise between 66.9K-and 68K before moving down again.

A strong support will be found near 61.8K and a break below 61.8K should push the price further as shown on the chart

Comment:

BTC - update
Yesterday BTC and the whole market moved quickly and tested the resistance zone I explained yesterday near 68K

Hawkish Fed representative comments also supported the crypto bears by pushing BTC lower. The price was again close to the first target near 66480.

The volume looks to be very small today as the market will await the US NFP data. It is possible that BTC could move lower again and respect the pattern, but it could happen after the NFP data.

Trade closed: target reached: