BTC & ETH Update: Retracement Resumes — Executing the ShortBitcoin / U.S. dollarBITSTAMP:BTCUSDpato🔍 Technical Breakdown & Market Structure Following yesterday's bounce, Bitcoin (BTC) and Ethereum (ETH) have completed their local relief moves and met overhead Fibonacci resistance. Market momentum continues to reflect a corrective cycle before macro continuation can occur. BTCUSD (1H/4H): Completed a local counter-trend corrective bounce into the $77,900 – $78,100 supply area. As long as price remains capped below $79,000, the structure targets a liquidity run into the $75,000 – $75,200 demand pocket (23.6% retracement zone). ETHUSD (1H/2H): Testing the $2,424 – $2,444 resistance shelf (38.2% Fib confluence). Rejection here opens the path downward toward $2,330 and down to the primary $2,270 – $2,230 target zone. Correlated Bias: Both assets are moving in tandem through their respective corrective legs, with sellers maintaining control below local structural highs. ⚡ Macro Economic Catalysts Today (Thursday): U.S. ISM Services PMI Tomorrow (Friday): U.S. Non-Farm Payrolls (NFP) & Unemployment Rate Expect high volatility during U.S. sessions