The crypto market is sending a warning, but one important question remains: Are sellers running out of strength, or is another leg down coming?

I'm paying close attention to Bitcoin because the current market structure is giving traders very little room for careless decisions.

As of today's November 12 market snapshot:

- BTC: $73,615 — trading near the $73K support zone.
- ETH: $2,051 — struggling to regain bullish momentum.
- SOL: $83.09 — showing selling pressure.
- XRP: $1.0495 — buyers need to defend the $1.04 area.
- DOGE: $0.06728 — still facing market-wide pressure.
- NEAR: $3.591 — attempting to stabilize.

The total crypto market capitalization is around $2.47 trillion, with approximately 71 of the top 100 cryptocurrencies trading lower. Market sentiment is also sitting in Fear territory at 28/100.

Here is what matters next:

Bitcoin (BTC):
The $73,444–$73,000 region is important for buyers. A sustained breakdown could open the door to further downside. On the other hand, reclaiming $74,192 and holding above it would be an early sign of improving momentum.

Ethereum (ETH):
The $2,035–$2,000 zone deserves attention. A successful defense could encourage a recovery, while losing this area would weaken the structure further.

Solana (SOL):
Buyers need to reclaim the $83.82 area. Until then, I would remain cautious about calling a reversal.

My trading strategy:

I'm not chasing shorts after an extended decline, and I'm not buying simply because prices look cheaper.

I want to see:

- Strong buying volume before considering a LONG.
- A confirmed support breakdown before considering a SHORT.
- Clear price acceptance above resistance before trusting a recovery.

My current bias: WAIT / NO TRADE until confirmation.

One thing I'd like to ask other traders:

Do you think Bitcoin will reclaim $75K first, or will sellers push it toward $72K?

Share your reasoning below. I'm interested in hearing what other market participants are seeing.
$BTC $ETH $SOL $XRP
#Bitcoin #Ethereum #Solana #CryptoMarket #GateSquare