Overview

• Bitcoin hovers between roughly $110,000 and $113,000, with resistance near $113,700 and key support around $107,000 that, if lost, could open a path toward the low‑$90,000s.
• On‑chain and market‑structure readings point to renewed whale distribution and sustained sell pressure in futures, with funding near neutral and momentum slipping.
• Technicians outline a potential Wave‑2 relief bounce toward $118,000–$122,000, but caution that failure to reclaim highs could precede deeper targets near $93,000 or even $77,000.
• Stronger‑than‑expected U.S. GDP shifted focus to Friday’s PCE inflation release, as analysts warn that Fed decisions could trigger a rapid repricing across crypto if expectations change.
• XRP consolidates around $3.00 within a $2.85–$3.10 band, as CME XRP futures surpass $1 billion in open interest; a break above about $3.10 could target $3.30–$3.40, while a drop below support risks $2.66–$2.85.