@defiexplorerf
BTC & ETH Market Outlook – Nov 29
• Daily timeframe:
BTC is still at the early stage of an uptrend. The reversal is not perfectly clear yet, but bottoming signals are already strong.
Yesterday, I mentioned that BTC could continue climbing — and indeed it pushed up to the 93K zone before pulling back sharply, forming a rather ugly candle.
During that move, I called the team to close all long positions around 91xxx, locking in nearly 4,000 points on BTC.
For ETH, I also closed early with about 50 points in profit while waiting for the next signal.
• Key support:
The main support area remains around $90,000, and it will likely be tested multiple times in this swing.
Below that, the $88,000 zone is also a potential wick target.
As mentioned in previous analyses: once BTC broke its downtrend structure, the lower timeframes became overheated and needed a short-term correction to reset indicators.
• Key resistance:
The major resistance zone is still $93K–$95K.