BITCOIN UNDER HEAVY SELLING PRESSURE — BEARS ARE IN CONTROL
$BTC has taken another sharp hit, dropping to around $66,797 on the 4H chart, down approximately 2.22% at the time of the screenshot.
The technical picture is becoming increasingly bearish.
📉 What the chart tells us:
• BTC continues forming lower highs and lower lows. • The $72,000 support zone has already given way. • Price has now slipped below the important $68,000 level. • Selling volume has increased during the latest breakdown, showing strong bearish pressure.
Key levels to watch:
🔴 Resistance: $68,000 – $72,000 🔴 Next resistance: $76,000 🟢 Immediate area to monitor: $66,000 – $65,000
What comes next?
Bulls need to reclaim $68K and establish support above it to improve the short-term outlook. Otherwise, further downside remains a possibility.
The broader market pressure is also significant, with ETF outflows, heavy liquidations and macroeconomic uncertainty weighing on sentiment.
Ripple is gaining ground in the stablecoin market.
According to DefiLlama, Ripple’s $RLUSD has overtaken PayPal’s $PYUSD to become the 7th-largest stablecoin by market capitalization. Here's where they stand:
🔹 $RLUSD : $2.70B 🔹 $PYUSD: $2.63B
The gap is relatively small, but the milestone is significant.
Ripple continues to strengthen its position in the stablecoin space, showing how competition is heating up among major financial players.
Stablecoin adoption is growing, and the race is far from over. 👀
Bitcoin has experienced major corrections, painful bear markets, and periods when confidence was low. Yet it has continued to evolve through multiple market cycles.
What about the current chart?
BTC is trading around $74K on the 4H timeframe, moving inside a descending channel. Price is approaching the lower boundary, making this an important technical area to watch.
A sustained bounce could offer a recovery opportunity, while a breakdown may open the door to further downside.
The key is confirmation, not assumptions. Markets move in cycles. Patience and perspective matter.
Don't let short-term volatility erase the bigger picture.
$XRP is showing a significant pullback, but the current zone deserves attention.
On the 1H chart, XRP has dropped from around $1.3259 to a recent low of $1.0300, putting strong selling pressure on the market.
Here's what I'm watching:
🔹 Key Support: $1.0300 — critical zone for buyers to defend. 🔹 Immediate Resistance: $1.0800 — reclaiming this level could be the first sign of improving momentum. 🔹 Next Resistance: $1.1450 — an important level for a stronger recovery attempt. 🔹 Major Resistance: $1.2100.
My Take:
This could be an interesting dip-buying zone, but catching a falling market without confirmation is risky.