The market is showing a generally bearish sentiment across major cryptocurrencies. Bitcoin is encountering resistance around 71-72k, with previous support now acting as resistance. Ethereum and XRP are also showing bearish trends, with support levels being tested and potential for further downside. Overbought conditions are evident across multiple timeframes, suggesting a potential for short-term pullbacks or consolidation before further moves. The dominance of Bitcoin is being closely watched as a key indicator for the overall crypto market direction. Trading opportunities may arise from short-term bounces off support or rejections from resistance, but the overall trend remains bearish. Traders should maintain risk management and look for clear entry and exit points.