$BTC

Bitcoin breaks key support, XRP faces major volatility, can Ethereum stage a strong comeback?

Bitcoin's technical pattern is deteriorating, and market bulls may face a significant test. Although it has broken the upward trend line, the trading volume is weak, failing to confirm the validity of the breakout. This 'false breakout' carries high risks; if the bulls cannot hold the $85,000 - $86,000 level, Bitcoin may head straight for the $80,000 key psychological support.

Bitcoin: Weak rally, increased risk of pullback

Bitcoin continues to operate below the 100 EMA and 200 EMA, with short-term resistance at $90,000 and $90,200 respectively. Only a substantial volume breakout above these key moving averages can open up space for further upward movement. Otherwise, the current rebound may be fleeting, and a deeper pullback could follow.

Short-term traders need to closely monitor the volume changes near the 100 EMA; if there is insufficient capital inflow, Bitcoin may again drop towards lower support levels.

XRP: Major volatility imminent, $2.70 is the key battleground

XRP is currently consolidating between the 50 EMA and 100 EMA, with the market in a typical 'squeeze' pattern, suggesting that significant volatility is approaching. Short-term support is near the 26 EMA, which has repeatedly prevented price declines