📊 Market Update — Signs of a Short-Term Bottom?
Kaspa and BTC are still holding their recent floor, which is an important signal after last week’s sharp crash when the market became extremely oversold. ETH and SOL are showing slight green, suggesting the market is trying to recover from short-term pressure.
On the macro side, liquidity tightness, MSCI’s stance on crypto-treasury companies, and Federal Reserve’s December policy expectations are still in focus — but there’s no new negative development in the last 48 hours. Rate-cut probability is back near 70%, offering some relief and slowing selling pressure.
🔸 BTC Key Technical Levels
• Resistance: $88,886 (first barrier), then $96,651 major zone
• Support: $84,500 strong, below that $82,300 and the $80,900–$78,400 demand zone
These levels held during the crash and are helping build a bottoming structure. As long as BTC stays above mid-80k, a retest of $90k is possible.
Market sentiment is still weak, but today’s price action shows sellers slowing down and short-term buyers re-entering. Most majors are flat or slightly green — a positive shift after weeks of heavy selling.
If volatility and macro factors stay stable, the market may be forming a temporary bottom here.
