Bitcoin recently experienced notable volatility and declines, dipping below key psychological zones like $70,000 amid broader crypto market sell-offs and risk aversion in equities, which has pressured ETH and other assets too. Analysts have flagged possible further downside if support levels don’t hold — potential BTC downside targets have been mentioned around $55k–$60k in extreme cases. �

Business Insider +1

📊 Short Technical Outlook (Summary)

BTC – Bitcoin

Current bias: Mixed to bearish in the short term

Price trading under recent resistance after steep corrections. �

Business Insider

Key short-term support likely near prior technical zones (~$60k area).

Break below support could open further downside; reclaiming above recent highs would flip tone.

Strategy idea:

Bearish scenario: If BTC fails to stabilize above immediate support, look for range drift or deeper corrections.

Bullish flip: Strong bounce off support with volume and break above recent resistance levels.

ETH – Ethereum

Current bias: Weak to neutral, following BTC pressure

ETH often correlates with BTC moves; when BTC sells off, ETH tends to follow. �

Barron's

Near-term key support is below current prices; failure to hold can mean more range trading or tests lower.

Upside requires reclaiming significant levels with buyer conviction.

Strategy idea:

Short term: Bearish anchor if BTC remains weak; look for consolidation zones on ETH.

Bullish reversal: A clean break and hold above resistance could point to renewed trend.

BNB – Binance Coin

Current bias: Slightly stronger than many altcoins

BNB price around mid-range with some stability versus sharp BTC swings.

Technical views suggest BNB has solid support zones and potential upside if key resistance breaks. �

ICN Web3 News

BNB’s connection to the Binance ecosystem can anchor demand.

Strategy idea:

Bullish scenario: Break above near resistance could signal relative strength continuation.

Risk management: Watch support levels for breakdown risk.