Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.

Bitcoin and most major altcoins are close to breaking below critical support levels and traders’ reluctance to buy in the current range could exacerbate the sell-off.

Bitcoin and most major altcoins are facing selling at higher levels and buying on dips, signaling a consolidation in the short term.

Bitcoin and most major altcoins have risen from their respective support levels, indicating an improving sentiment.

Bitcoin and most major altcoins have broken above their immediate resistance levels, increasing the possibility of a short-term rally.