Amidst a global market downturn, both Bitcoin and Bitcoin Cash face significant challenges in their recovery. Bitcoin struggles to maintain support above $60,000 amidst increasing bearish pressure, with a potential drop looming below this crucial level. Meanwhile, Bitcoin Cash is heavily impacted by Bitcoin's downturn, experiencing a substantial loss in market cap and facing strong selling pressure. Currently trading around $500, Bitcoin Cash risks a further decline to $400, indicated by the 23.60% Fibonacci level. However, if Bitcoin's bullish momentum returns, it could potentially bolster Bitcoin Cash's recovery, leading to a resurgence towards resistance levels at $605 and $762.


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