Bitcoin has drifted closer to the $69,500 zone, showing that sellers are still active on every bounce. The market is struggling to build momentum, and many traders believe the final bottom may still be ahead. Veteran trader BitBull said BTC’s true bottom could form below $50,000, where a large portion of ETF buyers would be underwater, potentially creating maximum fear. On the other side, sentiment platform Santiment struck a more balanced tone, noting that on-chain and social data suggest the earlier dip toward $60,000 may have marked a meaningful bottom, provided price can hold key support and large holders continue to accumulate slowly.

Bitcoin’s bounce is losing steam just below the former support at $74,508, showing that sellers are trying to turn this level into fresh resistance. The downward-sloping 20-day EMA near $78,142 and an RSI stuck in negative territory tell the same story: bears still have the upper hand. If BTC rolls over from current levels or gets rejected again at the 20-day EMA, sellers are likely to press their advantage and drag the price toward the $60,000 zone. That area now stands out as the next major downside target if momentum weakens further. This bearish setup would start to fade only if Bitcoin manages a clean break and close above the 20-day EMA, which would signal that buyers are stepping in with conviction. If that happens, BTC could attempt a recovery move toward the 50-day SMA around $86,636. Ether’s relief bounce is running into supply near $2,111, but the encouraging sign for bulls is that price has not slipped sharply after the rejection. This suggests buyers are still active at lower levels and are trying to build a base. A decisive close above $2,111 would improve sentiment and could push ETH toward the 20-day EMA at $2,447, a level that will likely attract strong selling. If bulls manage to flip the 20-day EMA into support, the next upside target sits near the 50-day SMA at $2,877. On the flip side, if sellers defend $2,111 and force ETH lower, the downside risk increases. A break below current support could expose the $1,750 level, and failure there may open the door toward $1,537. BNB’s recovery attempt is struggling near the 50% Fibonacci retracement at $676, showing that sellers remain active on rallies. If BNB slips back below $602, bears will likely target the $570 support zone.

A breakdown there could accelerate losses toward the psychological $500 level. Bulls need a strong push above $676 to regain control, which could lift price toward the $730 breakdown area. The $730–$790 zone remains a heavy supply area, but a breakout above it would signal that momentum is shifting back to the upside. In that case, BNB could make a run toward the 50-day SMA near $849.
Trader’s Outlook:
Bitcoin remains in a fragile recovery phase, with $74,508 acting as a key decision point. As long as BTC stays below the 20-day EMA, rallies are likely to be sold into. A move above the 20-day EMA would be the first signal that downside pressure is easing. Failure to reclaim that level keeps $60,000 firmly on the radar. Ether is showing early signs of stabilization, but it must reclaim $2,111 to build bullish momentum. The $2,447 area is the real test for ETH bulls in the short term. If ETH gets rejected there, downside risk remains elevated. BNB is still trading defensively, with sellers controlling rallies below $676. Bulls need a clean breakout above $730 to confirm a trend shift. Until then, the broader market remains cautious, favoring short-term trades and tight risk management over aggressive positioning.

Lastly please check out the advancement’s happening in the cryptocurrency world

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