The end of November is approaching and the situation has changed little since last week. In the case of $BTC, it began on Monday with a downward movement, but the $15.5k zone was consolidated as support, generating a rebound that leaves a weekly result close to +1%. At the moment the situation remains unchanged, $15.5k is the low to be considered as short-term support and lower highs are being set which are forming a descending triangle.

The market is still stunned and waiting. It must be said that this is a completely normal reaction in these circumstances. Normally, when a crash of these characteristics is caused by something as important as what FTX has caused, there must be a "digestion" of the event, which we know as distribution. And this is what we are seeing with this lateral range that has also come to coincide with Thanksgiving week, which leaves the US

Miners analysis Miners are in a difficult situation, with a cost structure at the limit and the sales pressure has increased by 400% as shown in the following Tradingview graph: This implies two things: there will be miners who are going to stop mining, and there will be miners who will have to sell part of their reserves if they want to stay active. Don't be wrong, the network is not compromised, the Hash Rate is