Following a strong sell-off earlier this week that shook investor sentiment, the cryptocurrency market is showing signs of technical recovery. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) – the three leading digital assets – are currently trading near key support levels, reflecting a cautious but gradually stabilizing capital flow. Although selling pressure remains, bearish momentum is easing as dip-buyers step in at critical price zones.

Bitcoin (BTC) Holds Strategic Defense Zone, Eyes Potential Rebound

Bitcoin saw a notable pullback after heavy selling pressure hit the previously broken trendline early in the week. The price retraced to the 50% Fibonacci level near the 100,000 USD area — a key psychological and technical support — before showing a mild rebound.

The RSI has moved close to oversold territory and is now ticking higher, suggesting sellers are losing momentum. If BTC maintains support around the 100,000 USD level, a recovery toward the 106,000 USD resistance region is possible, where new supply may appear.

However, a daily close below this support would increase the risk of a deeper decline toward the 97,000 USD zone, especially as market sentiment remains sensitive to macroeconomic factors.

Ethereum (ETH) Shows Bid Support, Eyeing Higher Resistance Retest

Ethereum faced strong downward pressure after being rejected at the 100-day EMA, pushing the price back to the 50% Fibonacci retracement zone. The support area near 3,170 USD is proving significant, as buying demand has emerged to cushion the decline.

RSI recently entered oversold territory before turning up again, signaling a potential short-term technical rebound. If ETH holds above this support, it could extend upward toward the 3,590 USD Fibonacci 61.8% level.

Conversely, a breakdown below 3,170 USD may trigger further downside toward the 3,000 USD area, where traders expect stronger buy-side interest to return.

XRP Holds Firm at Key Support, Prepping for Possible Bounce

XRP continued its decline after facing resistance near the 50-day EMA. However, the zone around 2.35 USD is acting as a crucial support, enabling buyers to stabilize the price for now.

Similar to BTC and ETH, XRP’s RSI indicates easing bearish pressure, supporting a potential recovery back toward the 2.60 USD level if support holds.

A close below 2.35 USD would expose XRP to a deeper pullback toward 1.96 USD — a level likely to attract demand in a continued risk-off environment.

Conclusion

Overall, the market is entering a re-balancing phase after a forceful correction. Technical indicators suggest a short-term recovery is possible, but investors should remain cautious amid macro volatility and institutional flow uncertainties. Holding key support levels will be essential to confirm a renewed bullish trend.#BTC走势分析