$BTC BTC and cryptocurrency market analysis on November 25, 2024
Currently, the price of BTC is moving in a sideways range on the 4H timeframe, with a fluctuation range of about 2,500 USD (from 95,822 USD to 98,999 USD).
On the H1 timeframe, the breakout point of the sideways triangle has not yet been confirmed. In other words, the market needs time to test investor demand at this price range, thereby assessing the level of positivity and growth potential.
The Fear & Greed Index is currently at a high level, reaching 87. This indicates that market sentiment is very optimistic, but short-term corrections may occur to cleanse weak Long positions while returning to strong liquidity areas to reinforce the upward trend.
For Altcoin, as the BTC Dominance (BTC.D) index continues to decline and approaches important thresholds like 2,900 and 2,850, this is a positive signal, creating conditions for Altcoin to grow by an additional 10-15%.
However, for a trader, the important factor is not the high or low price but the right timing and trading position.
Advice:
• Wait for BTC to adjust to the 94,000 USD range, observe the reaction here to look for buying opportunities.
• Monitor the BTC.D index around the 3,000 range to further confirm supportive signals for Altcoin.
Wishing you successful and safe trading!
