According to CrypNuevo, the cryptocurrency market is currently at previous range lows, a key level previously acting as strong support. The need for this level to hold is emphasized, as acceptance above it would be positive for market stability. However, a loss of this level could lead to a decline to fill long wicks and a new CME gap, which could have implications for trading strategies.

According to CrypNuevo, current trading strategy avoids longs at range lows due to insufficient reactions from liquidation levels. A decline to $88k is anticipated if range lows are breached, triggered by stop losses. Additionally, there is potential to fill the $78k CME gap.

According to CrypNuevo, Bitcoin has breached both support levels without significant resistance, marking a failed analysis. CrypNuevo attempted to long in the first support zone but quickly exited at a small loss as Bitcoin continued to decline. The cryptocurrency is now in a critical trading area, having lost its previous range lows, which could signify a deviation in its trading pattern.

According to Greeks.live, Bitcoin is nearing its range lows, while alternative cryptocurrencies are experiencing significant downturns. This situation may suggest a potential trading opportunity in Bitcoin as it approaches support levels, while caution is advised in altcoin investments. Traders should closely monitor BTC's movement for potential support rebound or further decline, as current market conditions reflect increased volatility. Source: Greeks.live