Cryptoday Crypto Technicals: Daily Market NavigatorWritten By KasperThis daily series serves a purpose to educate and give some insight and technical analysis on the current prices of the bigger cryptocurrencies, based on our technical analysis. Today we will be covering BTC, ETH, FTM, STX, OP and COCOS on both higher and lower time frames. Don't forget to also check out our article on the fundamentals of trading and crypto technical analysis to further enhance your understanding of the market.Crypto SpotlightHigher Time Frame | $BTC, $ETH & $OPBitcoin | W1Currently, $BTC has encountered a significant pushback from the resistance zone spanning $30-32k, as depicted in the chart. Our approach remains the same, with the subsequent vital support area situated around $24-25k, though it's unclear if this level will endure. To initiate a genuine bullish reversal, $BTC must surpass the $32k threshold, potentially paving the way for additional gains. In line with this, the Stochastic RSI appears to have reversed course, implying the likelihood of a sustained downtrend, as previously observed. Bitcoin | W1Ethereum | D1In the daily timeframe for Ethereum ($ETH), it is apparent that the cryptocurrency is currently operating within a defined range. However, it is worth noting that the price has encountered challenges in maintaining its position above the upper boundary of this range. As a result, price rejected off the range highs and could be headed towards the midrange, assuming the current trajectory persists. In order to observe additional upward movement, it is crucial for the price to remain above the upper limits of the range.Ethereum | D1Optimism | D1The $OP cryptocurrency experienced a temporary rally, only to then face resistance at the levels indicated on the chart. Based on current trends, it is projected to ultimately reach the range lows, as highlighted on the chart.Optimism | D1Lower Time Frame | $BTC, $ETH & $COCOSBitcoin | H4Yesterday we discussed the probability that $BTC would break out of its range which it did, this could however be a deviation and a liquidity grab to then reclaim the range and go higher as the close liquidity on the downside is taken. If the range lows however provide resistance more downside could be expected.Bitcoin | H4Ethereum | H4Ethereum ($ETH) continues to trade below the midrange level. While the target remains towards the lower end, it's important for traders to set closer profit targets if they're shorting from the midrange of this volatile market.Ethereum | H4Cocos | H4As we previously noted, $Cocos is currently experiencing a downward trend. However, we may see intermittent relief rallies at the levels indicated on the chart. At present, it has rebounded off one such level, but it's uncertain how far this recovery will extend. Nevertheless, a more substantial downward shift toward the range low, as marked on the chart, remains the most probable outcome.Prior Analysis RecapStacks | H4$STX, a cryptocurrency we've discussed before, appears to have respected the levels highlighted on the chart, exhibiting a smooth rejection. This adherence to expected patterns suggests that the previously identified levels are playing a significant role in its current trading activity.Fantom | H4$FTM, a cryptocurrency we've frequently analyzed, particularly with regard to the likelihood of breaking its range, has indeed broken to the downside. It even retested the range lows, offering a potential entry point for those considering short positions.Watch ListTo effectively monitor the coins discussed in today's analysis, consider creating a watchlist here. This will help you keep track of their price movements and stay informed about potential opportunities. These coins are worth paying attention to, as they exhibit notable market activity and could present promising trading prospects.Market Wrap-upIn conclusion, the overall trend across various cryptocurrencies remains bearish for the time being, until we see evidence to the contrary. Most of the coins under discussion are navigating within range-bound markets, and their movements are being analyzed on a level-to-level basis. This prevailing state of affairs highlights the importance of ongoing vigilance and thorough analysis in this dynamic crypto landscape.Disclaimer: Please note that all information, data, and technical analysis provided in this content are for educational and informational purposes only and should not be construed as investment advice, financial advice or trading advice.This article has been refined and enhanced by ChatGPT.