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I'm concerned that Bitcoin has broken below the important support at $85,000. The 100-week moving average was a barrier for two months, but now it seems sellers are gaining strength. Looking at the chart, it's clearly broken downward.
Next, focus should be on $75,000. Last April, buyers stopped the decline at this level, but if it breaks below, there's a possibility it could fall to the 200-week moving average at $58,000. Conversely, if it can sustain above $95,000, the bearish mood might shift.
XRP is in a similar situation, with a sharp drop from $1.36 to $1.33. Since this decline happened with volume, it's not just a thin liquidity move; genuine selling pressure is present. Because it broke below $1.35, the resistance in the $1.40 range is now acting as a ceiling. With weak follow-through on the rebound, sellers still seem to have the upper hand. If it breaks below $1.33, the risk of further decline increases.