Right now bitcoin is neither bearish or bullish. It is currently ranging in the symmetrical triangle. Waiting for it to either break out to the upside or break down to the downside. Bitcoin losing 33.500 could be seen as a bearish move by marketmakers and regaining 43.000 could be seen as a bullish move.
Two days ago, Bitcoin broke down out of the upwards channel from December 2020/Jan 2021 to May 2021. Since then it has regained some strength, but it has not cleared strong resistance at 42k and it has yet to test 45k which will be strong resistance. Until Bitcoin can seriously test these levels and flip resistance into support, it remains bearish and I would say...
Bitcoin is currently in a downward channel, reclaiming the Golden Pocket will be bullish for Bitcoin. For now, that would be strong resistance, but until it can break this downward channel price action (short term) is bearish.
ETHBTC looks strong, trend based fib extension from previous low to the high to the recent low (weekly timeframe), shows confluence at the Golden Pocket around 0.77 and 0.78 for potential strong resistance.
