Bitcoin has dropped 1.7% in the last 16 hours and is now trading at 82888.8, below both its 20-period and 50-period moving averages. The move confirms the weakness flagged in the last note, with four-hour RSI down hard from 58.6 to 37.8 and sitting well off overbought. Price holds 5.1% under its recent high but remains 10.7% above the low end of the twenty-day range; bounce risk is present, but sellers are still in control unless 84078.45 is reclaimed.
Ethereum has mirrored Bitcoin’s slide with a 1.6% move down over 16 hours to 2642.5, also holding below both key moving averages. Four-hour RSI has retraced nearly all of its recent strength, now at 38.4 versus 55.4, with momentum confirming the latest push lower. ETH is 5.9% beneath its twenty-day high and 12.1% above the pivot low, so price is still mid-range, but bulls need a close back above 2685.71 to shift short-term direction.
Not financial advice.