According to Mihir (@RhythmicAnalyst), the decline in three-month bond yields may cause a shift of money market funds into stocks and cryptocurrencies. The attached chart indicates that yields are nearing critical support, suggesting a potential breakdown.

According to Material Indicators (@MI_Algos), the current bull market for Bitcoin remains intact as long as Bitcoin does not fall below a specific critical support level. This line, referred to as a 'line in the sand,' serves as a pivotal point in determining market momentum. Traders should monitor this threshold closely for potential trading opportunities or risks. Source: Material Indicators via x.com.

According to Greeks.live, the group is predominantly bearish as Bitcoin (BTC) has seen a significant drop from above $100k to the low $80ks. This movement is being described as a 'contagion' event by traders. Key levels for traders include $86k as a critical support, with concerns that falling below this level could lead to further declines.

According to Crypto Rover, Bitcoin is currently testing critical support levels. Traders should pay close attention to these levels as they could determine Bitcoin's short-term price action. This could mean potential opportunities for buying if support holds, or risk of further decline if it breaks.