According to CrypNuevo, the 1W50EMA is historically the best indicator for Bitcoin's bull and bear market support and resistance levels. It is currently valued at $76.2k, suggesting a critical level for traders to watch for potential changes in market dynamics.

According to CrypNuevo, the next monthly candle for Bitcoin is expected to make a new low. It is highly probable that March's candle will sweep the lows made in February's candle. This movement could completely fill the CME gap and potentially retest the 1W50EMA, from which a bounce might occur. This analysis highlights key trading levels and potential market movements for traders to consider.

According to CrypNuevo, altcoins are currently showing resilience against today's market drop. The analyst expects these cryptocurrencies to surge quickly once Bitcoin stabilizes or experiences a relief rally. CrypNuevo indicates concern only if Bitcoin loses the 1W50EMA, but otherwise views the current situation as a bullish market correction, presenting a strategic buying opportunity during dips. Source: CrypNuevo.