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BTC faced strong rejection at $93K last week, but as price pushes into this level again, large short-liquidation clusters are forming.
These short liquidations can become fuel for upside, as forced buying accelerates bullish momentum if resistance breaks.
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Bitcoin has surpassed the $87,500 mark and has also broken through the key level of $90,000. As noted, the Inverse Head and Shoulders (IH&S) pattern has acted as a reversal signal. The market currently appears strong, as the price increase is supported by healthy trading volume. The next significant resistance level to watch for is $95,000, and it will be interesting to see how the price behaves at that point.
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On Nov 21, BTC one-week put option IV spiked to 76%, signaling strong demand for downside protection. During the latest move, IV only reached around 63%, meaning the market is less fearful and pricing in lower risk.
However, if Bitcoin drops again, IV could surge — and that would likely amplify the next move down.
Bitcoin has managed to hold the $85,000 level and has bounced back from there. There is a small inverse Head & Shoulders (IH&S) pattern forming, which is considered a reversal pattern. A break above $87,500 could propel the price toward the $90,000 area.
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$800M in longs liquidated in just 24 hours.
Leverage traders getting destroyed again.
Bitcoin broke the $90,000 on Monday opening. There is a big red candle after break of support area. The next support is $85,000 level and we may see a bounce from here.
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CAKE analysis:
Price is currently trading within a falling wedge pattern, and there is a local support area that it needs to hold. A close above $2.55 will indicate potential upward movement.
Bitcoin is trading above the $90,000 support level, and the market remains unchanged. Let's see how it reacts on Monday.
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About 6.3M BTC are now sitting at an unrealized loss, mostly in the –10% to –23.6% range — a structure similar to the Q1 2022 range-bound market, not a deep capitulation.
The zone between $88.6K (Active Investors’ Realized Price) and $82K (True Market Mean) is now the key battleground.
Holding above it suggests a mild bearish phase, while losing it risks a full bear market structure like 2022–23.
Bitcoin has failed to maintain its position above the $92,000 resistance level and has been rejected from that point. The price is currently testing the $90,000 support area and needs to remain above it. Sideways movement is expected over the weekend.
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Bitcoin is currently trading below the trendline and needs to break above $92,000. A successful break above this level could push the price towards the $95,000 area. The support level is at $90,000, and a drop below this could trigger a quick sell-off.
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⚡️ UPDATE:
Bitcoin just witnessed the largest Open Interest drop of this cycle, falling from $45B → $28B in a matter of days.
According to CryptoQuant, this points to a major leverage flush, not the start of a full bear market.
ETHFI analysis:
Price is currently trading in a falling wedge pattern, which is considered bullish upon a breakout. We may see a significant move once this pattern breaks. It is advisable to wait for a while before making new entries.
WIF break the $0.39 level and trading above it. You can open long position with tight stop loss. We may see a move towards the resistance area and let’s see how price reacts there.
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ETH has reclaimed the $3000 level, and the market looks promising. You can open long positions near the $3000 level. The next resistance zone is the $3350-$3450 area, and we may see a test of this range.
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EPIC analysis:
The price is currently trading within a downtrend channel and forming a double bottom pattern. You may consider opening a long position near the support area with a tight stop loss.
Support Area: $0.510 - $0.543
ZEC is approaching the support area, where you can open long positions with a tight stop loss. A bounce is anticipated from this support zone.
Support Area: $280-$315
Stop Loss: $250
FUN analysis:
Price has been rejected from the resistance area and is now trading near the local support area. You can open a long position there with a tight stop loss.
Local Support Area: $0.002250-$0.002310
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Time: 5 PM GMT
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ZEC's short position has yielded over 38% profit. You can close this position, and we will share new setups soon.
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WIF analysis:
Price continues to trade within a downtrend channel. This is a no-trade zone; wait for a close above the $0.39 level. Significant resistance is situated around the $0.45 level.
SOL tested the support area and bounced back as expected. The price was able to hold the key level of $120, bouncing more than 18% from there. You can add more if the price drops below the $130 level.
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AXS analysis:
The price is currently trading within a falling wedge pattern, and there are no signs of a reversal at this time. The key resistance level is around $1; if the price fails to hold this level, we could see a significant decline. It's advisable to wait before making any new entries into the market.
Resistance Area: $1.30-$1.35
According to Glassnode, Bitcoin must break through major supply clusters from recent large buyers to regain momentum toward new highs.
The nearest resistance zones sit at $93K–$96K and $100K–$108K, where sellers may defend their positions.
FET analysis:
Price is currently trading near the support area; you can open a long position here with a tight stop loss.
Support Area: $0.2530-$0.2670
Resistance Area: $0.3200-$0.3400
Bitcoin has shown a strong upward movement, reaching the resistance line of the upward channel. The resistance is around the $92,000 area; a clear break above this would lead to a rapid upward move.
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Since August, each sell wave has grown larger, peaking on Nov 22 — a clear sign that long-term holder distribution is accelerating.
Until these sell waves cool off and shrink back toward zero, any Bitcoin price recovery is likely to remain slow and grinding, rather than impulsive and strong.