Bitcoin is under pressure and XRP is falling from a high position.

XRP is down more than 4% in the last 24 hours, leading to losses for major cryptocurrencies, with the market stalling after a sharp rally last week. Bitcoin continues to hold above $104,000 and traders expect the price to rise above $105,000, a level that is both psychological and technical. The total crypto market capitalization fell by 2% to $3.3 trillion, and major coins such as Ethereum and Solana are also approaching their 200-day moving average area, which could indicate a possible correction or short-term correction in the market. Bitcoin has formed a top pattern for seven days in a row, which usually means that a correction is imminent, especially if the stock market is flat and gold prices are taking profits. The Crypto Fear & Greed Index edged down to 70 but remained in the “greedy” zone, suggesting that the momentum had faded. Bitcoin’s recent rally has been largely driven by demand in the spot market, not by excessive leverage. Augustine Fan, who was crowned by the signal, believes that the market may continue to rise unless the stock market reverses, but warned that BTC could encounter temporary resistance near $105,000. He noted that Ethereum is likely to benefit more from the overall crypto rally, especially with increased inflows and relatively strong altcoins. According to MacroShift’s research team, investors are increasingly turning to emerging markets, precious metals, and cryptocurrencies as a hedge against geopolitical and currency risks. Bitcoin’s recent rally has been largely driven by demand in the spot market and is not entirely due to excessive leverage. For now, the market is on the sidelines near key breakout levels, with the next decisive move likely to reset the direction of all sectors.