Click on the link to enter the meeting: https://meeting.tencent.com/p/3085908645 Regarding yesterday's market situation, the explanations in the live broadcast room have basically been fulfilled one by one, whether it is the entry point or the take profit point. So, how should we deal with the current market situation? Let's first analyze the current macro market news: 1. Overall selling pressure in the market: The cryptocurrency market has been affected by the pullback of Bitcoin and has fallen across the board. On November 18th, Bitcoin led the decline and triggered a market circuit breaker, followed by ETH falling below $3000. At the macro level, the uncertainty of the new US tariff policy and the unclear path of Fed interest rates have led to an overall increase in risk aversion among risky assets. 2. Institutional dynamic mixing: Some institutions (such as Fidelity) are still absorbing ETH at a low level, but overall ETF outflows continue (some Ethereum ETFs have already flowed out over $1 billion by 2025). Whale accumulation coexists with old holder reduction: Whales see staking returns and tokenization infrastructure as opportunities, but the long-term holder accumulation ratio (HAR) has decreased, indicating divergence. 3. Other hot topics: FASB's new accounting rules require companies to record encrypted assets such as ETH at fair value, which is beneficial for corporate transparency. The Layer2 ecosystem is active, with stablecoin trading volume reaching $2.82 trillion in October, and the DeFi/NFT foundation remains stable. 4. Network upgrade expectation: Fusaka upgrade: Originally scheduled for November, but the latest confirmation has been postponed to December 3rd for the main network launch (testing networks such as Holesky and Sepolia have been completed). The upgrade focuses on PeerDAS (increasing data blob capacity by 8 times), adjusting the gas limit upper limit, and further improving Layer2 efficiency and overall throughput. This is a crucial step in the 'The Surge' roadmap, which is positive in the long run, but has not brought immediate catalysis in the short term due to delays. So, in the current macro news situation and after technical analysis of the market, how should we proceed with placing orders? The live broadcast room is currently explaining Tencent Meeting: 3085908645 QQ group: 152760281 SafeW communication group: https://www.sfw.vc/ +8UORTdGOYGSI5wSJSh8EIA 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.

[Kraken Submits Draft IPO Registration Statement to U.S. SEC] Kraken announced that it has submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, intending to issue common stock. The number of shares to be issued and the price range have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, with the specific timing depending on market conditions and other factors.

[Federal Reserve Governor Milan Says Balance Sheet May Be Reduced Again in the Future] On November 19, Federal Reserve Governor Milan stated that the Federal Reserve 'may possibly' reduce its balance sheet again in the future.

Google GOOGL's stock price reached a historic high of $302. （Watcher.Guru）

[Spot Gold Breaks Through $4,120/oz] The spot gold price has reached $4,120 per ounce, with a daily increase of 1.3%.