Volatility in the crypto market is likely to intensify by the end of the month, with Bitcoin lacking a clear directional bias. The asset could stage a modest recovery or extend its decline. Current investor sentiment reflects “extreme fear” (registering about 10 on the 100-point Fear and Greed Index), which may indicate that a correction bottom is near. However, BTC’s future trajectory will largely depend on macroeconomic factors, particularly growing trader concern that the Federal Reserve (Fed) may forgo an interest rate cut in December.
Although the state of “extreme fear” often precedes an upward reversal, sellers are expected to seize the initiative in the near term.
Some technical indicators on lower timeframes are showing strength, and the recent rebound from the $94,000 support level suggests a potential short-term recovery is possible.
The nearest significant resistance area is situated between $98,000 and $100,000. A decisive break above this zone could open a path toward $102,000.
For now, however, market sentiment remains predominantly bearish, with selling pressure mounting. A cascade of long squeezes is further exacerbating the downward move.
Until late November, the most likely scenario for Bitcoin is to decline before establishing a wide, volatile trading range. A drop to the $88,500 support level would present a favorable entry point for buyers.
The ultimate recommendation is to buy Bitcoin from $88,500. Lock in profits at $107,000. Place a Stop Loss order at $82,000.
Calculate your open position so that a potential loss (protected by Stop Loss) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.
This content is for informational purposes only and is not intended to be investing advice.
