There is no hiding place for BTC and Ether

Following earlier updates here today, both Bitcoin and Ether have suffered further losses. Bitcoin has now fallen to below 24k and in the process it has set a new 2022 low, at 23,741. Ethereum (ETHUSD) has fallen even harder too, dropping to below $1,200 now (1177.55 the low). The fall closer to $1000 has once again endorsed all that has been said about it here for some considerable time now. This is all about risk assets and higher US interest rates and the immediate cost to hold those risk assets in the present conditions. However, it is just now trying to rebound off the lows and perhaps that is understandable, given how much it has been savaged over the past few days. It really all depends now on just how much more capitulation there remains, as to how much more downside is still to come. ETHUSD is currently trading at 1,215