Although we are in a 'short time' bearish period, BTC is still on the Bearish path which started in October 2020.
You can see the narrow descending path which should bounce back around $40K-$41K and reach upto $77-$80K.
Position close might be thought only if it breaks down the '40K' support below.
It seems BTC is breaking the flag to go rocket high...
Technical analysis requires that it may hit to $80k minimum. As the Fibonacci 1.618 resistance level is around $85k, it will not be surprising if it goes that high...
This is not an investment advice. It is my own idea based on some limited technical data...
Eth is acting similar as it did in January and crawling to higher levels.
My expectation is it will do similar jump, hit a value between 2.800 and 3.000, then return back maybe down to 1000s.
This is not a recommendation for investment.
Ethereum is still in the increasing channel and headed to the top of the channel after it returned from the bottom.
If an external impact does not cause it to make a sudden 'U' turn, it can be expected to hit a value between $2.8K and $3.1K within couple of months.
This is just a personal oppinion which is not intended to be an investment advice.