BITCOIN SHORT SQUEEZE: Market Flipped (for now)!!! - Bitcoin News Today, Ethereum & Altcoins
Crypto World·2025-11-23 20:18

Market Trends & Analysis - Bitcoin is showing an oversold signal on the daily timeframe, similar to what was observed approximately 9 months ago [1] - Bitcoin and crypto funding rates across multiple exchanges have turned negative, potentially indicating a short squeeze [2][18] - Expect a short-term bullish relief in the crypto market, but the larger trend on the weekly timeframe still appears bearish [5][6][12] - Bitcoin dominance is expected to experience a slight bullish relief in the short term [35] Key Support & Resistance Levels - Bitcoin's short-term support level is around $85,000, with the next support at approximately $80,000 and then $76,000 if it breaks below [7] - Potential resistance for Bitcoin is expected at roughly $88,000, with stronger resistance between $92,000 and $94,000 [8][17] - Ethereum has support between $2,600 and $2,700, with resistance potentially at $2,800 and a stronger resistance between $3,000 and $3,100 [36][37] - Solana's immediate support is around $124 to $126, with a potential move down to $100 to $105 if it breaks below; resistance is expected at $135 and then between $143 to $147 [39][40][41] - XRP has support at approximately $0.180, with resistance around $0.25 to $0.27; if it breaks above, the next targets are $0.220 and then $0.230 to $0.240 [47][48][49] - Chainlink has support at roughly $11.60, with further support between $10.90 and $11.1; resistance is expected between $12.80 and $13.30, with the next target at around $14.50 [53][54] Trading Opportunities & Risks - Negative funding rates increase the probability of a short squeeze, putting financial pressure on those holding short positions [19][20] - Liquidity is building above the price of Bitcoin, with potential liquidation prices for short positions around $97,000 [15][16] - The analysis suggests a short-term bullish relief, but warns against ignoring resistance levels and the possibility of the bearish trend continuing [14][17]