Today I will go through BTCUSD 1H chart and ETHUSD 4H chart, with both showing some possible break-retest-continuation (BRC) scenarios that could play out going into the end of this week.

BTCUSD

Firstly, we have the BTCUSD 1H chart which shows the pair broke out to the upside of the descending Trendline at point [1], with some nice momentum,. It, however, failed to reach a previous resistance level displayed as the blue bar. Since then, we have had a slight pullback and it looks like the pair will come to retest the broken trendline confluent with the ascending Trendline support at point [2]. Once this occurs we should expect the next bounce up to the blue zone at point [3] which is at 6650.

ETHUSD

Next, we have the ETHUSD 4H chart which is showing a nice break and retest of the ascending Trendline. The break occurred at point [1] and the retest is now occurring at point [2], with a spinning top style candle. This region is also an area of Ichimoku cloud resistance and I expect the pair to fall towards point [3], at price 188.

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