Bitcoin slipped about 3% in two days, now hovering near $112,300 after losing support at $116,000 and breaking below the 50-day EMA at $113,794. If weakness continues, BTC could retest $107,245 support. A close back above $113,794 would open the door for a rebound toward $116,000.
Ethereum dropped nearly 7% in four days, sliding under daily support at $4,232 and trading around $4,171. Bears are in control, and a move down to the 61.8% Fibonacci level at $3,593 looks possible. That said, a close above $4,232 could spark recovery toward $4,488.
XRP also lost steam, down 6.6% after failing to hold $2.99 support. Currently at $2.82, XRP risks retesting $2.35 if it falls below $2.72. A bounce back above resistance at $2.99 would improve its outlook.
Momentum indicators across all three majors lean bearish, hinting that this pullback may not be over just yet.
