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17.11.2025 02:04 PM
Trading tips for crypto market on November 17 (North American session)

Bitcoin has slightly recovered and is now trading at $96,000. However, for a more active continuation of the uptrend, additional supportive data or fresh inflows of capital are needed.

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Meanwhile, an interesting report by Santiment has surfaced: according to their analysis, social-media discussion activity around BTC has surged to a four-month high. On one hand, yes—significant panic is clearly visible among the retail crowd. But historically, similarly depressed sentiment levels often preceded strong market rebounds. And this isn't the only signal: fear-and-greed indicators also suggest that the market is oversold. Of course, relying solely on crowd sentiment is risky, but when combined with technical analysis and fundamentals, it can produce a useful picture.

In particular, support levels deserve attention. If BTC holds above $95,000 in the short term, this may confirm the hypothesis of an upcoming rebound toward $98,000 or even $100,000. However, a breakdown below $94,500 could point to further downside. It is important to remain vigilant and not give in to panic regardless of market direction.

As for intraday strategy in the crypto market, I will continue to act based on any major dips in Bitcoin and Ethereum, expecting the medium-term bullish trend—which is still intact—to continue developing.

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Bitcoin

Buy scenarios

Scenario #1: I plan to buy Bitcoin today if the price reaches the entry point around $96,000, targeting a rise toward $97,200. Around $97,200, I intend to exit long positions and sell immediately on the rebound. Before buying on a breakout, it's necessary to confirm that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: Bitcoin may also be bought from the lower border at $95,200, provided there is no market reaction to a breakdown and price reverses back toward $96,000 and $97,200.

Sell scenarios

Scenario #1: I plan to sell Bitcoin if the price reaches the entry point at $95,200, targeting a decline toward $93,800. Around $93,800, I will exit short positions and buy immediately on the dip. Before selling on a breakout, it's necessary to confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Bitcoin may also be sold from the upper border at $96,000, provided there is no market reaction to a breakout and price reverses back toward $95,200 and $93,800.

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Ethereum

Buy scenarios

Scenario #1: I plan to buy Ethereum today if the price reaches the entry point around $3,212, targeting growth toward $3,323. Near $3,323, I intend to exit long positions and sell on the rebound. Before buying on a breakout, it's important to confirm that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Ethereum may also be bought from the lower border at $3,170, provided there is no market reaction to its breakdown and the price reverses toward $3,212 and $3,323.

Sell scenarios

Scenario #1: I plan to sell Ethereum if the price reaches the entry point at $3,170, targeting a decline toward $3,061. Around $3,061, I will exit short positions and buy on the rebound. Before selling on a breakout, it's important to confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Ethereum may also be sold from the upper border at $3,212, provided there is no market reaction to its breakout and the price reverses toward $3,170 and $3,061.

Miroslaw Bawulski,
InstaForex के विश्लेषणात्मक विशेषज्ञ
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