Good morning, traders! The cryptocurrency market continues to grow confidently. Key figures for today:
- Bitcoin ($BTC ): $96,291.10
- Ethereum ($ETH ): $3,669.10
- Market capitalization: $3.49 trillion (+49.66% over the month)
- Fear and greed index: 81 (strong greed).
Altcoins dominate, as the alt-season index is 75/100. This is a good signal for portfolio diversification.
Levels for BTC and $ETH :
BTC (Bitcoin):
- Support: $94,000
- Resistance: $97,500
Bitcoin is expected to continue trading in the range of $94,000–$97,500. If resistance is broken, we could see movement towards $100,000.
ETH (Ethereum):
- Support: $3,600
- Resistance: $3,750
Ethereum holds above $3,600, and if it breaks $3,750, we can see a rise to $3,900.
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Forecast for today:
BTC: Against the backdrop of overall optimism and high trading volume, a sideways trend is possible with attempts to break $97,500.
ETH: Steady growth, but the activity of large players at resistance levels will play a key role.
Options market analysis (expiration 06.12.2024):
The volume of bitcoin options is $646.6 million, of which $313.7 million is for Bitcoin ETF. Major strikes with high interest:
- Call options: $100,000 (bullish sentiment).
- Put options: $90,000 (protection against decline).
The market signals high growth expectations up to $100,000, but does not exclude short-term correction. The current delta shows the advantage of bulls, which is confirmed by strong greed in the market.
Watch the volumes and breaks of key levels!