Bitcoin traded near the $77,700 mark on Friday, and Ethereum hovered near the $2,130 mark as both assets remain below key resistance levels, keeping near-term sentiment cautious. The cryptocurrencies were trading at the $77,807 and $2,138 marks, respectively.In the past 24 hours, Bitcoin and Ethereum fell 0.2% and 0.3% respectively. Among the major altcoins, XRP fell 0.6% whereas BNB, Solana, Tron, Dogecoin, Hyperliquid and Cardano rallied up to 2%.Crypto TrackerTOP COINS (₹) 63,268 (0.61%)96 (-0.07%)7,457,510 (-0.55%)204,941 (-0.6%)132 (-0.91%)Also Read | Largecap funds lag mid and smallcaps across time horizons. Should investors still allocate for stability? Riya Sehgal, Research Analyst, Delta Exchange said technically, Bitcoin continues to hold the $76,000–$76,500 support zone, while $77,900–$78,500 remains the immediate breakout area. The price is consolidating inside a contracting triangle, and a sustained move above $78,500 could trigger momentum toward $80,000–$82,000 due to heavy short positioning above those levels.Sehgal also said that Ethereum remains weaker relative to Bitcoin and continues to trade below major moving averages. A reclaim of $2,200 could support a move toward $2,300+, while weakness below support may push Ethereum back toward $2,000.The global crypto market capitalisation went down 0.2% to $2.59 trillion, according to CoinMarketCap. The fear & greed index remains at 40, suggesting market sentiments are currently neutral, said CoinDCX Research Team.In the past week, Bitcoin and Ethereum were down 4% and 6% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Cardano fell up to 8% and Tron and Hyperliquid were up 3% and 23% respectively.CoinSwitch Markets Desk said Bitcoin is trying to stabilize after a choppy session, but the recovery still looks limited. The price bounced from the $76.7K–$77K area and is now hovering near $77.5K, yet it continues to trade below $78K. ETF outflows are still a drag, though limited selling from Top ETF Holder IBIT and falling exchange reserves suggest long-term holders are not rushing to exit, CoinSwitch Markets Desk further said.Market perspectiveAkshat Siddhant, Lead quant analyst, Mudrex Bitcoin briefly reclaimed the $78,000 mark as bulls try to take control. Derivatives data shows top traders are increasingly positioning for upside, with the long-to-short ratio climbing to its highest level in two weeks.Also Read | Taiwan-focused mutual funds soar 200% in a year. Experts warn against FOMO investing Vikram Subburaj, CEO, GiottusBitcoin traded near $77,500-$78,000 on May 22, after slipping to nearly $76,700 earlier in the week. The move was not a routine correction. It came after about $1.34 billion of US spot Bitcoin ETF outflows across 5 trading sessions from May 15 to May 21.Avinash Shekhar, Co-Founder & CEO, Pi42 With Bitcoin trading near the $77,000 level amid heightened market volatility, investor attention is currently divided between macroeconomic developments, institutional participation, and emerging conversations around the future of blockchain security. WazirX Market’s Desk Bitcoin's current levels are being supported by rising long-to-short ratios among top traders, which has helped strengthen the $76,000 support zone. However, upside momentum remains limited as persistent Bitcoin ETF outflows and rising U.S. bond yields continue to weigh on broader market sentiment.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and twitter handle.