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Bitcoin remains bearish near $62,200 support; Ondo sees FOMO but patience advised.

Technical Signals
11 Aug 2026
Cointribune
View Source
Bearish
Bitcoin remains bearish near $62,200 support; Ondo sees FOMO but patience advised.

Bitcoin is still in a bearish trend, testing a key support zone around $62,200-$62,500. A break below this could lead to a drop towards $58,000-$59,000. ETF flows show cautious buying but no strong institutional return yet. Ondo surged after SBI's announcement, attracting retail investors, but a correction to $0.30-$0.32 is possible if it falls below $0.37. Patience and disciplined entry are recommended for Ondo amid current market euphoria.

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