Bitcoin (BTC): Key Intraday Levels 

– Current Price: $86,200

– Support Levels:

– $86,000: Immediate support; a critical level to watch.

– $81,000: A deeper correction could target this zone if $86,000 fails.

– Resistance Levels:

– $89,000: Key resistance; Bitcoin needs a daily close above this level for sustained recovery.

– $90,000: Psychological barrier and a potential breakout level.

Despite intraday spikes, Bitcoin is struggling to maintain momentum. If it fails to hold above $86,000, further bearish pressure could push prices lower.

Ethereum (ETH): ETH/USDT Analysis 

– Current Price: $3,066 (-3.73% in the last 24 hours).

– Support Levels:

– $3,060: Immediate support.

– $2,900: Key lower support if bearish momentum persists.

– Resistance Levels:

– $3,140: First major resistance zone.

– $3,220: A breakout above this could signal a bullish reversal.

Key Altcoin Updates

MultiverseX (EGLD): 

– Price: $28.13 (-4.45%).

– Resistance Levels:

– $29.30 and $31.55.

– Support Levels:

– $27.90 and deeper at $25.30.

Avalanche (AVAX): 

– Price: $31.88 (-0.17%).

– Resistance Levels:

– $32.32 and $34.80.

– Support Levels:

– $30.80 and $27.20 in case of a broader decline.

Arkham (ARKM): 

– Price: $2.09 (-2.02%).

– Resistance Levels:

– $2.05 and $2.20.

– Support Levels:

– $1.95 and $1.72 for a potential deeper pullback.

Trending Coins 

– Top Trending Coins: Brett (BRETT), Pepe (PEPE), and Sui (SUI).

– Top Gainers: Virtuals Protocol (VIRTUAL), Degen (Base) (DEGEN), SPX6900 (SPX).

– Top Losers: Department Of Government Efficiency (DOGE), Neiro (NEIRO), AltLayer (ALT).

Bitcoin Liquidation Map 

A review of Bitcoin’s 12-hour liquidation map highlights the following zones:

– Above: $88,575 (49M liquidation risk).

– Below: $87,513 (49M liquidation risk).

This suggests significant liquidity is concentrated near these levels, with potential volatility if Bitcoin approaches these zones.

Upcoming Market Events 

1. Ethereum Shanghai Upgrade Developments: Ongoing discussions could impact staking ecosystems.
2. Federal Reserve Meeting Minutes (November 22): Macroeconomic insights could influence crypto market sentiment.

Will the Decline Continue? 

The bearish momentum persists, but markets are near critical support levels. Watch for a breakout above resistance zones or a significant breach of support for directional confirmation. Risk management remains crucial in these volatile conditions.

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