Bitcoin
On H4, Bitcoin is continuing to form the correction uptrend. This correction reached 38.2% Fibo and may go ahead to reach 50.0, or $7,850, and 61.8%, or $8,340. The low at $5,750 acts as a support.
On H1, Bitcoin is correcting locally; once 23.6% Fibo is reached, the price may fall to 38.2% ($7,004), 50.0% ($6,830), and 61.8% ($6,650).
Ether
On H4, Ether is going down after reaching 23.6% Fibo. Currently, both the continuation of the uptrend and the pullback to the low followed by a breakout are possible. The uptrend targets may lie at 38.2% ($566.50) and 50.0% ($616.60). In case the low at $404.21 gets broken out, the price may go down to reach the post correctional extension at 138.2%-161.8% Fibo, or $362.20-$336.10.
On H1, Ether is experiencing downward correction, which reached 50.0% Fibo and may go ahead to reach 61.8, or $446.85, and 76.0%, or $431.15.
