Solana, XRP, ETH Extend Losses as Bitcoin’s $91K Support Back in Focus

💡 DMK Insight

BTC’s recent price action is telling us a lot about market sentiment right now. With Bitcoin currently at $91,433.00, it’s clear we’re stuck in a descending structure since those early November highs. The latest rebound only managed to create another lower high, which suggests that bullish momentum is lacking. Traders should be wary of this pattern as it often precedes further declines. If BTC breaks below the recent support levels, we could see a significant sell-off, especially with the broader market still feeling the effects of macroeconomic pressures. On the flip side, if we see a strong breakout above the previous highs, it could signal a shift in momentum. Keep an eye on the $92,000 resistance level; a sustained move above that could change the game. For now, monitor the daily chart closely for any signs of reversal or continuation in this descending trend.