Market Overview - The selling pressure on Bitcoin appears to be easing, raising hopes that the recent decline may be nearing its end [1] - Bitcoin experienced a drop of up to 2.4%, reaching $86,666, but has since recovered to around $87,410 [2] - The overall digital-asset market has lost over $1 trillion in value due to recent slumps, with Bitcoin on track for its worst month since 2022 [2][3] Investor Sentiment - The mood among traders remains cautious, reflecting the fragile state of the market [3] - Bitcoin options market shows a significant decrease in the cost of downside protection, indicating reduced stress among investors [4] - The 14-day relative strength index for Bitcoin is at 32, suggesting it may be oversold [5] Trading Metrics - Implied volatility on Bitcoin options has returned to levels seen in April, indicating expectations of future price movements [5] - Traders are positioning for a potential breakout, with a shift in options skew showing reduced bets on further price drops [6] - Global crypto exchange-traded products have recorded over $6 billion in outflows in November, marking the largest monthly withdrawal since 2018 [6]

Core Insights - Gold's recent decline is attributed to profit-taking after strong gains, with the price falling from a record high [1][8] - The spot price of gold has dropped below $3,900/oz, influenced by positive developments in U.S.-China trade talks, which reduced demand for gold as a safe-haven asset [2] - Despite the recent drop of 11% from its peak, gold remains approximately 50% higher year-to-date due to economic uncertainties and geopolitical tensions [3] Technical Analysis - Gold's price retracement began after reaching an all-time high on October 20, with the relative strength index indicating a decrease in bullish momentum [4][8] - The price fell below the 38.2% Fibonacci retracement level, suggesting potential for a deeper short-term pullback [4] Support Levels - Key support level to monitor is around $3,850, aligning with the 50% Fibonacci retracement level and the 50-day moving average [6] - Another significant support level is at $3,720, which corresponds with the 61.8% Fibonacci retracement level [7] - A further decline could see gold approaching $3,450, while a key overhead resistance level to watch is near $4,380 [8]

Core Insights - Celsius Holdings Inc (NASDAQ:CELH) has seen a significant increase of 119% since the beginning of the year, with the stock currently trading at $57.69 after a 2.6% rise following Goldman Sachs' initiation of coverage with a "buy" rating and a price target of $72 [1][2]. Stock Performance - The stock is on track for its third consecutive gain, approaching its 52-week high of $63.50 reached on August 29, after a brief period of consolidation [2]. - The current short interest represents 12.5% of the stock's available float, indicating potential for a short squeeze, as this equates to three days' worth of buying power [3]. Market Sentiment - The stock's 14-day relative strength index (RSI) is at 30.3, nearing "oversold" territory, which often signals a potential short-term bounce [3]. - Options trading appears favorable, with the Schaeffer's Volatility Index (SVI) at 48%, ranking in the low 9th percentile of its annual range, suggesting that options traders are anticipating low volatility [4].