Bitcoin’s recent brief spike resulted in a prominent upper wick on the daily chart, accurately retesting its breached bear-flag support line. Sellers aggressively stepped in at this level, which also aligned with the daily TBO Fast line, confirming the bearish pattern remains fully active.

Downside Targets: With the bear flag validated, Bitcoin’s technical targets have shifted lower, pointing toward a potential drop to approximately $46,870—slipping past a minor intermediate support level near $49,000.

Supporting Metrics: Momentum and volume indicators offer no signs of a trend reversal. On-Balance Volume (OBV) and the TBO indicator remain firmly bearish, trading volume on the bounce was lackluster, and the Relative Strength Index (RSI) is hovering indecisively around the 50 midline. The brief rally served as an optimized entry point for short-sellers rather than the start of a recovery.

Ethereum presents a similarly weak outlook. While it hasn’t mapped out an identical bear flag, its recent intraday high hit a ceiling at the TBO Fast line, failing to recapture lost short-term support. On weak volume, Ethereum’s daily trend structure remains strongly bearish, compounding the broader crypto market’s risk-off environment.