According to AltcoinGordon, the current state of the cryptocurrency trenches indicates notable trends impacting trading strategies. The market is experiencing increased volatility, which is affecting short-term trading positions. Traders are advised to closely monitor support and resistance levels for major altcoins as these are key zones for potential price reversals or breakouts. AltcoinGordon highlights the importance of staying informed about regulatory news as it significantly influences market dynamics.

According to Greeks.live, upcoming Bitcoin options expiry is expected to significantly impact market volatility, potentially affecting Bitcoin prices in the short term. Traders should prepare for increased price swings as large volumes of open interest are set to expire, which could lead to rapid market movements. Greeks.live suggests monitoring key support and resistance levels to navigate potential volatility effectively.