Bitcoin ($BTC) and Ethereum ($ETH) are currently showcasing intriguing market dynamics. For BTC, the short-entry range is set between 96,777 and 97,333, with a stop-loss at 98,444. On the other hand, those looking for long positions should consider entering between 92,777 and 92,222, with a stop-loss at 91,800. Ethereum also presents viable opportunities. Short positions can be entered between 3,677 and 3,711, with a stop-loss at 3,748, while the low-long entry range lies between 3,530 and 3,490, supported by a stop-loss at 3,460.
In terms of analysis, Ethereum short positions from earlier today have already delivered a floating profit of 80 points. The critical resistance zones for ETH are 3,650 to 3,700, while support levels stand at 3,550, 3,500, and 3,460. Despite holding short positions, Ethereum still has strong growth potential, especially if it holds above the 3,550 support level, with a target of 4,000 in sight.
For Bitcoin, volatility is expected, especially with U.S. markets closed for Thanksgiving. The primary support levels to monitor are 95,000, 94,500, and 93,000, with a key focus on the 94,000 range. As long as BTC remains above this level, low-long positions are favored. Ultimately, trading success depends on developing personal strategies and continuous learning. While it's beneficial to follow skilled traders, true growth lies in building your own insights. Here's to aiming for bigger profits and seizing opportunities in this dynamic market!