Bitcoin faded 0.6% over the past 12 hours and undercut last noteโs read, now trading below both 20- and 50-period averages. Momentum slipped hard, with RSI sliding from 51.4 to 38.0 in the last day, and the price sits less than 1.5% above the 20-day low. Support above 80188.0 is all that stands between more downside and another mean reversion attempt.
Ethereum pushed even lower, down 1.9% since last note and closing in on range lows at 2313.39. Momentum collapsed: RSI dropped from 46.4 to 30.9, and ETH now sits below both moving averages and 14.6% off its 20-day high. The only bullish argument is how compressed price is above this base; bulls need to hold here or the window for capitulation opens wider.
Not financial advice.