My Thoughts on Current Markets-268

My Thoughts on Current Markets-268

By Perfectionist25 | Tech. Analysis | 1 Dec 2025


After testing 23,800 in the Nasdaq, we rebounded. The month closed negatively, and a zigzag trend is expected for a while. The key figure below was 24,000. In the medium term, if 26,500 is broken, the 30,000 target will be an easy target.

We've seen a rapid rebound in the Dax. It's been trading sideways for a long time. The movement continues below 22,500 and above 25,000. I expect some sideways movement due to the end of the year. A buy strategy prevails when approaching support and a sell strategy prevails when reaching resistance.

We've approached the top of the ascending channel in gold (4,269). Short trades shouldn't be pursued at closes above this level. I believe it's still too expensive for long traders. For a move above 5,000, it needs to remain sideways for a while. If it breaks above the previous high (closes for at least two days), the sideways trend will end, and a new peak will emerge.

Silver has broken the 54-ounce resistance level, and now the question on everyone's mind is: gold hasn't peaked, but silver is on the rise. I've explained this before, saying that if gold is trapped in a range, it will drive silver. Technically, if it stays above $50, the target is the $70-$80 range. A move below $50 confirms that the move was very rapid and will trigger another sharp decline.

There's still no clear breakout in Bitcoin's long-term chart. However, if it falls below 80,000 again and tests 70,000 below, then the breakout will become apparent. I've seen many posts on social media about the similarities to 2021. If this is truly a bear season, it won't start with a chart that's 100% close. The price we'll be watching for a clear reversal is 97,000. If we can sustain it above that, the chart will work again, and this time, we'll reach the 150,000 level.

Ethereum had a major weekly bull flag. We need to close above 3,700 for the price to be clear. Then, a fifth round of rally could be triggered. Recently, altcoins' declines and rises have become much more sharp and sensitive than those of BTC and ETH. If the hype starts, the rises could be sharper this time. I can't say I have much faith in the 2- and 3-point tops in the crypto total market cap's technical formations. If you knock hard enough, the door will open.

There's no technical change in the EUR/USD; it's trading within the same range. If an upward breakout occurs, the door will open first to 1.23, then to 1.30. The key level below is 1.14.

There's no change on the Brent crude oil chart. Every sharp rise is still a selling opportunity, and movements within the range can be traded.

 

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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