The crypto market is currently in a "wait-and-see" phase. While aggressive selling has slightly eased, the bulls are struggling to stage a meaningful comeback. Technical indicators for Bitcoin (BTC), Ethereum (ETH), and XRP suggest we are in a prolonged, methodical correction rather than a quick dip.


🔶 Bitcoin (BTC): Struggling to Hold the $90K Line


Bitcoin has shed over 9% this week, currently trading around $89,000. The loss of the $94,253 Fibonacci level was a major blow, pushing BTC below its 50-day EMA and the critical $90,000 psychological barrier.


• Current Footing: BTC is hovering near its consolidation midpoint of $87,787.


• The Bear Case: An RSI of 41 and a fresh bearish MACD crossover suggest momentum is still tilted to the downside.


• Next Watch Level: If $87,787 fails, expect a slide toward $85,500 (78.6% Fib retracement).


• The Pivot: Bulls need to reclaim $94,253 to restart the upward trend.


💎 Ethereum (ETH): Momentum Continues to Fade


Ethereum has taken a harder hit, down over 10% for the week. After failing to hold the 200-day EMA ($3,334), ETH broke through daily support at $3,017 and is currently trading near $2,966.


• Momentum Indicators: The RSI has dipped below neutral, and the MACD remains in a downward trajectory.


• Downside Target: Persistent pressure could lead ETH toward the $2,749 Fibonacci support level.


• The Goal: A clean break back above $3,017 is necessary to stabilize the price.


🔹 XRP: Rejection at Key Resistance


XRP faced a stiff rejection at its 50-day EMA ($2.05), subsequently falling through the $1.96 level to its current price of $1.90.


• Technical Outlook: With both RSI and MACD pointing lower, a retest of the $1.77 December low is becoming increasingly likely.


• Recovery Hurdle: Any significant rally must first clear the $1.96 mark decisively.


🧠 The Bottom Line


It’s a time for discipline, not panic. The bears are clearly in control of the short-term narrative. Until we see a shift in market structure—specifically the reclamation of key resistance levels—further downside remains a real risk. Markets move on momentum and structural changes, not just hope. ⚖️


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