FLUCTUATIONS AT CRITICAL SUPPORT: SHORT-TERM STRATEGIES FOR BTC AND ETH
Bitcoin (BTC) fell to 91,500 during the day and recovered to 92,500 without breaking the critical support of 90,000. However, the strong downtrend on the 4-hour charts suggests that the market may be pressured by short-term pullbacks. In this context, the profit-taking strategy in the 95,000 region and the stop-loss level near 92,500 provided a gain of 2,000 points for BTC and 100 points for ETH.
In technical analysis, it is recommended to open a short position with a target of 90,000 from the 92,800-93,300 band of BTC, while a sale target of 3,250 from the 3,350-3,380 levels is considered appropriate for ETH. In particular, BTC breaking the 90,000 level could accelerate the downward trend. Otherwise, support at this level could pave the way for the price to recover towards 93,000.
As a result, although market data supports a downward trend in the short term, BTC's historically strong November performance is promising in the long term. Therefore, investors are advised to be careful about short positions and review their strategies according to fluctuations that may occur at critical levels.
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