$ETH

$ETH ,$BTC


$BTC & $ETH UPDATE FINAL SCENARIO AT THE END OF NOVEMBER & FORECAST FOR THE FIRST WEEK OF DECEMBER (02->07/12/24).

Observing the 2-hour frame of BTC and ETH, we see a very similar point after the adjustment.
In the previous article, it was mentioned that ETH and BTC had buying power in the 1-hour frame, after BTC adjusted to the area of 91K5 and ETH to the area of 3K2. There was buying power participation from MM and large funds.
This adjustment is to accomplish 02 tasks.
1. After a strong price increase, BTC rose to the area of 99K, miners, retail investors, and long-term holders have taken profits, and MM created opportunities for new investors to join the market at the preferential price area of 91K and the final opportunity for ETH at the price area of 3K2-3K4.
2. Liquidating large leveraged LONG orders and large liquidity because they thought that BTC and ETH would continue to rise and surpass the threshold of 100K, even 110K. However, if we look at the upward wave structure and short-term adjustments to gain strong momentum afterward, that is what MM wants to do. And as in scenario B, I analyzed earlier, currently the price is in a sideways area, but if we pay close attention, we see that the sideways trend is gradually increasing, little by little (higher lows, RSI is expanding upwards).
3. The recent adjustment was to redirect liquidity and capitalization to altcoins when BTC DOM slightly decreased to around 58%. Top coins are growing X2 or X4 from the bottom.

Forecast for next week (02/12->07/12).
1. Main trend: INCREASE, sideways in an upward direction.
2. Both BTC and ETH will increase very strongly and will last until before 24/12, with another adjustment.
3. Coins belonging to the BTC and ETH ecosystem will be pushed.
4. Infrastructure coins and technology coins will be pumped.

⚠️Note! 👀 Observations are for reference only.