Since the previous analysis, BTC followed the expected rejection scenario instead of reclaiming higher resistance. The rally into the $66K to $69K region was rejected, and price has now rolled over, keeping the larger bearish Elliott Wave count intact.
The current structure still suggests Wave C is in progress, with recent price action forming a lower high before continuation to the downside. As long as BTC remains below the recent swing high, the path of least resistance continues to favor further weakness.
The $49,000 to $47,000 support zone remains the primary downside target, where a stronger reaction from buyers is expected. However, if selling pressure accelerates and Wave C extends, BTC could still decline toward the $43,000 to $39,000 region before a larger trend reversal develops.
The bearish outlook remains valid unless BTC reclaims the invalidation level near $82,721 with strong momentum. Until that happens, I continue to view rallies as corrective bounces rather than the start of a new bullish trend.

A confirmed breakout above the current resistance area could open the path toward further upside, while rejection from the channel top may lead to a short-term pullback toward the nearby support zones.

Key levels:
🟢 Support: 0.00218 → 0.00204
🔴 Resistance: 0.00278 → 0.00337

📈 Bullish scenario: Holding above 0.00218 and breaking the channel resistance could continue the upward move.
📉 Bearish scenario: A rejection from the upper channel may trigger a retest toward lower support before the next attempt.

BTC is currently around $63,384. Price is moving sideways after the previous drop, but this still looks more like a corrective pause than a confirmed reversal.
The way I’m reading it:
Wave A already gave the first strong drop.
Wave B gave the recovery bounce.
Now Wave C still has room to continue lower.
Inside this current structure, BTC looks like it may be forming a smaller corrective bounce before the next downside leg. If BTC cannot break above the local resistance area around $67,000 to $70,000, then the next move can still be lower.
The main downside zone I’m watching is around $48,500 to $42,500. If Wave C extends fully, BTC can even move toward the $42,000 to $39,000 area before a stronger reversal.
For this bearish Elliott Wave count to become weak, BTC needs to reclaim the upper invalidation area around $82,700 with strength. Until then, I’m not treating small bounces as a full trend reversal.
So for now, my view is simple: BTC can still bounce short term, but unless bulls reclaim $67k to $70k strongly, the bigger correction toward $48.5k to $

Price is currently around $0.00679, and it already reacted from the lower support area near $0.0058 to $0.0060. After a long downtrend, this is the first sign that buyers are trying to step back in.
If bulls can hold above $0.0065 to $0.0068, #XAI can move toward the channel resistance around $0.0080 to $0.0085 first.
A clean breakout above that falling resistance would make the setup stronger, with upside targets around $0.011, $0.015, and possibly $0.022 to $0.026 if real momentum comes in.
But the breakout is not confirmed yet. If price loses $0.0060, this can still become another fake bounce inside the downtrend.
For now, #XAI is showing early reversal signs, but bulls need to hold this area and break the falling channel properly.

Current price is around $1.63, and price is now very close to the upper resistance trendline. This is the area where bulls need to show power.
If #NEAR breaks above $1.65 to $1.70 with strength, then we can see a move toward $1.80 first, then $2.00 to $2.10.
But if it rejects from this trendline again, price can come back toward the lower support area around $1.50 to $1.45.
For now, I wouldn’t call the breakout confirmed yet. #NEAR is at a decision point, and we need to see whether buyers can finally break this falling structure.