BTC and XRP have continued their bearish trend as the daily Exponential Moving Averages (EMA) have shifted to a structure favoring selling pressure. BTC, in particular, is currently engaged in a fierce tug-of-war as it tests its critical technical support level near $62,400. This downward trend, compounded by recent security concerns regarding the personal hardware wallet Coldcard, is further weighing on investor sentiment.

The current bearish alignment of the EMAs indicates that the market's mid-to-short-term trend is shifting toward the downside. If the $62,400 level breaks, the potential for further decline increases, making risk management essential at this time. On the other hand, it is possible that this correction is merely an overreaction to temporary anxiety and could lead to a rebound. If strong buying pressure enters at this level and price levels are quickly reclaimed, the attempt to break lower may be invalidated. Monitoring whether the daily closing price manages to hold above the $62,400 mark should be the top priority.