Bitcoin and Ether are finally showing signs of completing a three-month upward correction. Liquidity pools remain below, and the price is likely to reach that level with a 90% probability. Structure breaks, sell signals, and "bearish" patterns are beginning to form. Thus, we remain set on the decline of the two major cryptocurrencies.

Meanwhile, various analytical platforms analyzed trading in the cryptocurrency market this week and concluded that demand in the spot market remains weak and that there is capital outflow from bitcoin ETFs. Earlier this week, Bitcoin experienced a mass liquidation of long positions, forcing the closure of deals worth about $600 million. Currently, the bulls are showing no signs of activity, despite a price rebound from $83,000 to $76,000. Analysts at Glassnode reported that Bitcoin is trading below the "market average price," which is currently $78,300. This level is considered to separate "bullish" and bearish trends. Therefore, this mark currently acts as resistance for the price, and a confident breakthrough is required.

Experts also note that activity in the cryptocurrency market has decreased by 40% compared to 2025. The realized profit index has risen to 1.8, indicating the closure of buy trades at the first available opportunity. There is a lack of new demand to absorb the supply. BitFinex reported that a sustained hold above $80,000 requires an influx of new capital into ETFs or a serious short squeeze (market saturation with short positions where mass closures lead to a strong rise). As we see, even experts currently find no reasons for further growth of the first cryptocurrency. Open data confirms the extremely low demand for "digital gold."

Trading Recommendations for BTC/USD:

Bitcoin continues to form a complete downward trend and corrects against it. We continue to expect a decline targeting $57,500 (the 61.8% Fibonacci level from a three-year upward trend), and there are still no signs of the beginning of a long-term upward trend. Among the POI areas, we can currently highlight only the nearest bearish FVG on the daily time frame, located in the $79,300 - $81,200 range. A sell signal has indeed been formed in this area (on the second attempt), which has been confirmed on the hourly time frame. Thus, we are set on the resumption of the downward trend in the near future, and bearish patterns on the 4-hour time frame can be used to open short positions.

Trading Recommendations for ETH/USD:

On the daily time frame, the downward trend is forming, and a correction against it continues. The key sell pattern has been and remains the bearish order block on the weekly time frame. As we warned, the movement provoked by this signal can be strong and prolonged. We do not believe it is finished, as there are no signs of an end to the downward trend for either Bitcoin or Ether. In the near term, Ether may continue to decline, as signs of the completion of the three-month correction are increasing daily for both Ether and Bitcoin. On the 4-hour time frame, the trend is downward, so bearish patterns can be used to open short positions. The target remains at the level of $1,742.

Explanations for the Illustrations:

• CHOCH – Trend structure break.
• Liquidity – Liquidity, Stop Loss, and pending orders that market makers use to build their positions.
• FVG – Area of price inefficiency. The price passes through such areas very quickly, indicating a complete absence of one side in the market. Subsequently, the price tends to return and receive a reaction from such areas in continuation of the main trend.
• IFVG – Inverted area of price inefficiency. After returning to such an area, the price does not react; instead, it impulsively breaks through and then tests from the other side.
• OB – Order block. The candle on which the market maker opened a position with the aim of collecting liquidity to form their position in the opposite direction.