Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 In November 2025, Bitcoin fell below the $100000 mark, triggering a multi-dimensional chain of shocks in the cryptocurrency industry. At the level of the trading market, the failure of the key strong flat line triggered a spiral of "decline, liquidation, and further decline". On November 5th, more than 470000 people liquidated their positions in a single day, with a total amount of nearly 1.8 billion US dollars. Ethereum's monthly decline of over 29% wiped out its annual gains, and popular altcoins experienced a single day decline of up to 70%. Institutional funds are accelerating their withdrawal, with US Bitcoin and Ethereum ETFs fleeing $797 million in a single day. BlackRock IBIT has set a record for large redemptions, with long-term holders selling over 400000 bitcoins in 30 days, severely undermining market confidence. Related industries are under significant pressure, with Bitcoin prices below the average mining cost of $114000. Mining companies are turning to diversified businesses to hedge risks, with over half of their holdings in listed companies falling below the cost line, and some forced to sell coins to repay debts. The volatility in the derivatives and stablecoin markets has intensified, with active trading of protective put options. Income based stablecoins such as USDX have significantly lost their anchor, dropping to as low as $0.113, triggering a secondary crisis. At present, Bitcoin has fallen more than 20% from its historical high and entered a bear market. 10X Research predicts that it may drop to $93000 and $88000 respectively. The participation of retail investors is low, and the market is turning to deleveraging, making it difficult to see upward momentum in the short term. Technical Analysis ——BTC closed below 104000 this week, rebounding around 108000 and falling back again by 96000. Currently, the bullish trend has ended and is approaching the monthly mid track around 88000. ——ETH's monthly closing line fell back to support around 3000 on the central track, but there was no breakthrough in the weekly and daily central tracks. The rebound was suppressed around 3600, and the daily triple top formed a drop below the key level of 3300 to 3000. If it falls below 3000 to 2800-2500 again, it will be suppressed. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[Hong Kong SFC's Julia Leung to Continue as CEO for Two-Year Term] The Hong Kong Securities and Futures Commission (SFC) announced that Julia Leung will continue as Chief Executive Officer for a two-year term, effective from January 1, 2026. Julia Leung has held this position since January 1, 2023. During her tenure, she introduced a licensing regime for virtual asset trading platforms and published a virtual asset roadmap. She also proposed the regulatory concept of 'same business, same risk, same rules,' bringing crypto over-the-counter trading and custodial institutions under regulatory oversight.

[The U.S. Department of Commerce to Release October International Trade Report and Final Q3 GDP Data] The U.S. Department of Commerce announced that the October International Trade Report will be released at 8:30 AM EST on December 4 (9:30 PM UTC+8), and the final Q3 GDP data will be released at 8:30 AM EST on December 19 (9:30 PM UTC+8).

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