NEW HIGH WITHOUT CORRECTION

Hello everyone, colleagues!

#BTC

Bitcoin surprised us with a new high last week, with a slight degree of unexpectedness, as several signs were already indicating a correction at that moment. Therefore, the new high was expected a little later. But the chart left us with a different story.

In addition to the signs of a reversal (correction) from last week, a couple more have been added: Bearish divergence on the 1D MACD, RSI remains close to the overbought zone, and a reversal pattern "Engulfing" has formed at the historical peak on the 1D.

The nearest support is currently in the $105-106K zone, where a local ascending trend line is also passing.

Looking at the asset's growth since the beginning of April, one might assume that they may not let it go below this support and will continue to push Bitcoin towards another new high (+-$120K).

The next key support zone is $100-101K, dropping below which will likely mean the beginning of a bearish cycle, or rather its confirmation.

#ETH

Despite the fact that the dominance of #BTC.D is not in a hurry to fall, Ethereum looks quite confident. Currently, on the 1D, the support of 200DMA holds and an Ascending triangle is forming, with a squeeze towards the mirror level of $2770. For some time, the asset may move in the range of $2400-2700, continuing to squeeze towards the upper boundary.

If Bitcoin drops simultaneously with the rise in dominance, then ETH should expect a decline to at least the range of $2200-2300, which I expect with a lower probability.