There are no big changes in the Crypto market. It's moving as expected on the intraday basis for now and looks we may see lower levels in the sessions ahead.
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Bitcoin, BTCUSD is coming even lower in the 4-hour chart, breaking even below December 2021 lows, ideally within wave (C) or (3) and there can be room for more weakness, at least towards 39k-37k area for wave (C) if not even lower for wave (3). So, we remain bearish and we should be aware of more downside pressure while the price is below strong trendline connected from the highs and below 52200 invalidation level
Bitcoin 4h Elliott Wave Analysis
Ethereum, ETHUSD is coming down back below December 2021 lows as expected and currently, as a primary COUNT #1, we are still tracking wave (C) with room down to 3000 area or slightly lower which should be completed by a five-wave cycle, just keep in mind that we will need to see a strong bounce to confirm a completed wave (C) of an (A)-(B)-(C) correction, otherwise keep an eye on 4h COUNT #2, because any stronger continuation lower would be a serious signal for a bearish impulse.
Ethereum 4h Elliott Wave Analysis
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