As we enter the 2nd week of December, we have left behind a week where the price was less volatile than the previous active month and the candles got smaller. I think the price will not make very sharp movements due to the end of the year and the end of the 4th quarter. I think the price will look for a place for itself a little more due to the possibility that the price will close very high and the sellers will load in the new year and month and the buyers will press very hard. It is likely to form a range with an up and down movement.
Bitcoin
We are in a phase where the price movement has slowed down considerably and the price is now starting to form a range.
I would consider it normal for the price to pull back to 15%. I expect the BTC price to enter the end of the month close to a price around this price. In pullbacks up to 82k, a contract can be purchased for the end of January.
Our implied volatility range this week is between 85.5k and 117k.
Ethereum
ETH, which touched its March 2024 peak for the first time after a long break, did not make a very sharp move, although it experienced a sell-off from here.
I think that ETH, which is still above the monthly opening, can find first supports at 3550-3600 and a good support again at 3300.
This week's implied volatility is 3250-4750.
ETHBTC
There is no change in the situation, it still has not been able to get above the purple box, but it looks very good. I think that an upward movement will come as long as it does not fall below 0.0384.
