The 4-hour cycle from last night to this morning showed that BTC formed a local top around $90000 and quickly fell back. Member indicators showed that the EMA24 and EMA52 double moving averages had a dead cross downward, with slopes of -1.19% and -0.99%, respectively, indicating downward pressure. At the same time, the combination of KDJ's death fork and the black three soldier form further confirms the pattern dominated by bears. The current price has fallen below the support of $89000, and the chip distribution shows a strong resistance of $95560 above, with a low probability of rebound in the short term. If unable to stand firm at $88500, it may continue to explore new lows. Open membership, accurately capture trend reversal signals, and help you plan ahead! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

US President Trump has confirmed that he will distribute stimulus checks worth $2000 per person to millions of Americans, but the exact number of recipients has not yet been announced. （The Bitcoin Historian）

[Spot Gold Rises 0.28% at New York Close, Retreats After Hitting Daily High] On Wednesday (November 19), at the New York close, spot gold rose 0.28% to $4,078.59 per ounce, continuing its upward trend since the start of the Asia-Pacific session. At 23:15 Beijing time (UTC+8), it hit a daily high of $4,132.86 before quickly giving up gains, approaching the daily low of $4,055.68 recorded at 10:04. COMEX gold futures rose 0.36% to $4,081.10 per ounce, having reached a daily high of $4,134.30 at 23:15 (UTC+8).

[Bitcoin Miner Fee Revenue Drops to 12-Month Low] Bitcoin miner revenue primarily consists of block rewards and transaction fees. Currently, block rewards generate approximately $45 million in daily income for miners, while daily transaction fee revenue is around $300,000, marking the lowest level in the past 12 months. The proportion of fee revenue in miners' total income has dropped to less than 1%.

The protocol will instead focus on "liquidity infrastructure and deals" such as its recent $1 billion investment into PayPal's PYUSD.