The US debt talks are expected to continue over the weekend, and the bears have an advantage due to the talks overshadowing the markets. Avalanche (AVAX) has retested its March lows, and the sellers have consolidated their position following the May 24 FOMC minutes. Bitcoin (BTC) has broken below the $26.6k area due to increased selling pressure, and there is speculation that volatility will continue in the coming days. The RSI on the 12-hour chart has been predominantly below the neutral 50 level since the second half of April, indicating further selling pressure. The capital inflows have faltered, and the overwhelming selling pressure has sent AVAX tumbling sharply. The bearish pressure and weakness in BTC could further tip the scales in favor of the bears. The next support levels are at $13.43, $12.81, and $12.07, which could act as short sell targets. However, if BTC recovers to the $26,600 level, AVAX bulls could gain little leverage. The OI has yet to recover to mid-April levels, further confirming the bearish pressure.