#CryptoWatchMay2024 #BTC #Ethereum 
Friends, what I warned you about in yesterday’s post is happening—manipulations and moves in both directions in action. Let's consider the situation using the example of the main market elements - 💸BTC and 💸ETH [1 TF].
The picture is approximately the same:
🖥 A confident wave of growth and the formation of a “bullish” figure on local highs - in this case we have “Flat-top Triangles”. Next comes the driving of the crowd into purchases through a false breakout up with a quick return down - those same “Helicopters”🚁
Purchase volumes still leave much to be desired.
1) For Bitcoin, our correction target is in the 0.5-0.618 Fibo zone or $60,000-61,000🎯, after which it will be possible to resume growth.
Fixed below $59,000 = cancellation of the scenario.
2) In the case of Ethereum, the potential correction is also intensified by the ascending 🐻Bearish channel, which is already showing a downward breakout🌡
The goals are similar: 0.5-0.618 Fibo or $2970-3020🎯, and at the same time it will be possible to collect liquidity and stop losses under a round $3000.
Fixed below $2950 = cancellation of the growth scenario.
💬 In fact, there is now a fairly common “trick” of Krupnyak. Drive into purchases through a false bullish figure, correction in order to disembark the “passengers” and continue the trend movement.
With a high probability, the recovery of the crypto market will continue in the medium term📊, but in the short term we may see a slight unloading, be prepared!
